Investing in ETFs - The First Edition of Steno Signals

We've had a terrible 2022 from an investment perspective, at least if you were long the classic 6040 portfolio. But I actually think there is a reason to remain decently upbeat on equities in general throughout the first quarter. The US treasury will have to empty its own cash balance at the Fed as a consequence of the upcoming debt ceiling. So they need to bring that cash buffer down to provide Joe Biden and other politicians with the right incentives to negotiate a debt ceiling deal.