cut rates baked in? either way it will work for the upside and a nice relief rally. (I'm not long DXD no DDM) but long a lot of other ultras UYG, UYM, UVG, KBE, and at the close long DXO. reason the market was way to hi, now we have overshot the bottom like always. call it a bounce? dead cat or other i dont care. i will just move up my stop's and be happy. my 2 cents s
We awoke today duh to the reaction to the Asian markets rally overnight hence the futures were up 400+. Redemptions will continue more hedge funds to unload with the nice pop they got today. This is the headfakes of headfakes. Don't get duped. But use your own judgement. Nothing has changed and once a rate cut (already baked in) drives us towards inflation, everyone will be crying in their soup again.