Weird action in the market. A quick drop to a new intraday low and then some higher highs during the day.
Oil, meanwhile, took a dump. I see that as a good sign that the Fed has spooked investors enough to believe that inflation can be dealt with.
As for whether we are at the bottom? Well, it’s certainly been severe.
At this point, I’ve deployed a lot of capital and so my hope is that we see gains from here. Only time will tell though!
Have you seen Michael Burry's tweets? some interesting patterns he is posting. He is very bearish and tend to be optimistic, and I know it is not your jam to cover other popular investors but worth a mention