Starting my short on TQQQ because i want short exposure to leveraged funds.
I am pretty sure it is these funds that are responsible for the major gaps the last 10 min, and it does not seem like institutional investors are joining, but retail is almost at all time highs.
Meanwhile $DXY looks like it is ready for a face ripper :
I have no idea what the catalyst will be, my guess would be fact checking the employment numbers today over the weekend. If the Donald fudged the numbers, that would be a significant event never seen before in US markets. We're not talking about rounding up to the nearest percent, it seems like a flat out lie.
I hope this is not the case as this will spell pain for a lot of people.
I am pretty sure it is these funds that are responsible for the major gaps the last 10 min, and it does not seem like institutional investors are joining, but retail is almost at all time highs.
Meanwhile $DXY looks like it is ready for a face ripper :
I have no idea what the catalyst will be, my guess would be fact checking the employment numbers today over the weekend. If the Donald fudged the numbers, that would be a significant event never seen before in US markets. We're not talking about rounding up to the nearest percent, it seems like a flat out lie.
I hope this is not the case as this will spell pain for a lot of people.
"This morning's reported Unemployment Rate appears to be understated by ~300 bps due to BLS classification errors."
yeah so... uhh