Wednesday, March 18, 2026

Gone short again

 Added to my shorts last night and tonight, and cut a few longs.  Almost doubled the shorts:


I expect this bear market bounce to end by next week or Friday.  Possibly tonight if Powell talks tough on rates.  I can still go a bit shorter.

Still moderately bearish due to rising inflation from oil.  No quick off-ramps for Hormuz yet.

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