Nasty crack in the market…

Posted on Oct 05, 2018 by in Letters

http://schrts.co/QNzSzd

We don’t like crack– but we do like beer.  Not to excess of course and we’ve never blacked out but…enough of that.  This crack looks nasty and we are paring back our portfolio.  As above an important 3 month trendline is broken and it looks like hurricane trump is about to hit the market.  There is an even more important trendline lurking just below the market and if it cracks we will have traditional Halloween markets.

Volatility just exploded and the bond markets are under extreme stress.  All this and a trade war (if not an actual cyber war as China steps up espionage.

Here are the bonds:

http://schrts.co/oxusy4

A little early for trick or treats, but the guys in the bear costume have been snarling for some time.

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