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Beware the Ides of February 2/15/23

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The market has now been rangebound for nearly 10 months. It's a big range, but it's a range.  Get used to it. There's no way out until a material shift in Fed policy. 

From nice Nice France, Bonne nuit et bonne chance. 

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5 minutes ago, DrStool said:

OFR data shows who holds Fed RRPs monthly. The retail funds are still holding flat or increasing them. The Wall Street Wise Guys have been cutting since December. They are driving this flat squeeze. 

The mobsters could go on in doing that for months… 🙄😤

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