Still looking bearish. Outlook from yesterday could not have predicted today's action any better. Stock indices and currencies were weak, while energy (crude oil) was very strong.
The trend models are the same for tomorrow. Correlating asset valuation has the S&P dropping much lower. However, this is still a very much news driven market so be ready for volatility spikes.
Keeping the same playbook for now!
Interview with Kyle Bass (link via Zerohedge). Worth a listen!
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