From: Rarebird | 8/5/2024 2:49:46 AM | | | | Reverse carry trade is gaining lots of steam tonight. If this continues, there will be a global margin call and a massive credit event.
To think that on Wednesday, the A/D line hit a new all time high.
All of a sudden this happened with talk of a rate cut.
I sold slightly more than half my portfolio on Friday.
Maybe I should have sold everything. But I did derisk my portfolio tremendously. A lot depends on how AAA and AA corporate debt performs tomorrow. |
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To: Real Man who wrote (23055) | 8/5/2024 8:57:22 AM | From: Rarebird | | | I sure hope Powell isn't stupid enough to do an emergency rate cut today. It will make things worse and I put in a couple of big orders for T-Bills yesterday. |
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