It’s tough to write a book when things are moving and the information is time sensitive. My long time clients do not need an explanation, just a heads up.

This is the Long S&P 500 Futures vs. Short 30 year Bond Futures…We pay attention to this spread at extremes to catch the market wrong footed.

Today everyone sold the Stocks early and bought the Bonds for safety…The street was Short the Equity Indices and Long the Bonds and pressing into London’s close. Wrong time frame! and the Wrong levels!  So you can expect a reaction. How much is another book.

Money does not evaporate. If it’s being taken out of one instrument it’s then being put into another. Thus, the endless game of following world Capital flows.