[COMPLIMENTARY] Top 3 Things | Rates/GlobalSelloff/RUTRoh

Whatever that move in Bitcoin was yesterday, it was a head-fake and is back to Bearish TREND …

1. RATES – no head-fake in either A) the Short-End of The Curve (Powell is going to raise rates into a #Quad4 US Slowdown & Global Industrial Recession) with 2s punching their 5% ticket or B) the Shape of The Curve (-95bps inverted on 10s2s) which is signaling the same, economically. My #VASP Signal kept me out of TLT, IEF, and XLU, thankfully!
2. GLOBAL SELLOFF – our Shorts are going down faster than our Longs with the Hang Seng (EWH) down -4.6% in the last month, Australia (EWA) down another -1.6% overnight, and our European Shorts getting smoked (all signaling immediate-term TRADE #oversold); buying more Japan (JPXN and EWJ) and India (INDA) which were down -1.2% and -0.8% respectively overnight
3. RUSSELL 2000 – post #MOAM (Mother of all Month-end Markups), our fav US Equity Index Short is getting smoked here in July, down another -1.6% yesterday, taking its #Quad4 Crash to -24.6% from its #Quad2 Cycle Peak; unlike the fun and games going on with #0DTE SPY options and the VIX, #RussVol (RVX) is back up to 21.48 with a Risk Range of 19.11-24.67

Immediate-term @Hedgeye Risk Ranges: SP500 = 4; UST 10yr Yield = 3.64-4.06%

KM