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The Hard Pivot Is Coming
This morning on the way to work, i saw three 60. I think i did three 55 this morning. Soch ghastlyin futureas mixei cardy to e this last wek as pie more. Ar now, forty three percent from the high, now below levels rom oct ober last year. At what point do the biggest perma bears go from blaming the fed for inflation to blaming the Fed for a recession? That pivot has to be coming. If i could do options on this market, i would do it.