Midday Missive

Indices are trying to bottom. Trying is the operative word.

Yra posited a mid meeting rate cut. That conversation is coming into the mainstream.

We’ll see if that conversation will keep the Indices from imploding.

I this event were to happen I’d expect to see Gold up $100 on the news.
Spoos & Bonds would initially go vertical.

Trade the levels from one to the next.

Looking at the Italian Bonds up 200+ points, I’d be reticent to be long risk assets.

McDonalds is up on a safety.

When everybody goes bust they’ll be lined up 20 deep to buy their puke!

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