personally i think the inflation has already topped, 3.3-3.5% max. however when the unemployment rate goes up again, folks will not spend anymore, and have to cut expenses and unwind their debts. government is already in a 35 trillion debts, can they print more money to bailout the market?
we are already in a stagflation, it is the “best” outcome but it will not hold for long, a shoe will drop.
only stable trade i would continue to make is cl, all other instruments are speculative, including gold. Nikkei down 1.8, KOPSI down 2. Nikkei back to January level.
I hate round numbers, but if thing hits 5300 tonight, I'd take it long. That just happens to be where my line fell on the chart. I wasn't even looking at the price axis.