Ithaca Protocol
@ithacaprotocol
📈Ithaca Protocol Market Update ► ‘ Equities down, bonds down ( many sightings of the bear steepener unicorn ) dollar down, oil down ’ ► ‘ Only 8 companies have issued earnings guidance; 3 month guidance on pace for worst since COVID pandemic ’ according to WSJ ► Alt coins had had bit of a wind with OTHERS.D slowly off bottom; not anymore ► Taking stock as per @jnordvig; a strategic move away from the U.S.. bear steepening / twist in a bad equity market, EUR RR favoring EUR calls, real yields at highs while growth expectations getting downgraded. Trump 1.0 can’t show up with his cape soon enough ► CFTC seeking public comments on perps ► Setup is very decent for a bounce, not just for ‘ turnaround ’ Tuesday. The bond market is playing its role as bogeyman to perfection ► Tesla isn’t anymore the centre of retail attention but weakness in that ( and profit taking on Hertz ) don’t leave much to celebrate
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Ithaca Protocol
@ithacaprotocol
â–º EMB ( biggest hard currency EM Bond ETF ) on track for langtest monthly withdrawal since Oct 2023
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