A.M. Look 5/16/23

I don’t write to write or create a trade.

If I see it I’ll put it out.

When the smartest guys in the room have widely varying views on what’s in-store for the markets it’s time to stop clicking and watch.

Indices are soft going into today’s pow wow with McCarthy and Biden.

Most of the action has been in the A.I. names which should continue.

Debt ceiling + the ramifications for Turkish run-off elections, which no one is discussing, has me looking for month end volatility.

Mexico has been on an incredible tear. It’s now coming into a very long-term Fib.

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