That’ll Do, Pig

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One chap wrote me this morning offering thanks for hand-holding for the bears during the inevitable fight-backs by the bulls (like, oh, all last night and this morning). I appreciate the gratitude, but believe me, I write words of affirmation and assurance as much for my sake as yours! I will note this morning, as the Fed was furiously bidding up equities to try to undo some of Powell’s damage yesterday, that our Maginot Line at 4428 continues to hold, God bless it.

esres

If I may offer a specific idea, perhaps you should consider a bearish play against Brazil (EWZ).

slopechart EWZ

I think yesterday was some kind of record for Slope (I did 15 posts!) Please know that is highly unusual. I can’t do that kind of thing all the time.