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I find this map totally fascinating. I know next to nothing about Brazil (except the obvious), but I’d love to sit down with a Brazilian and have them explain this map to me. Anyway, I wanted to put up something light while we wait for all the Powell mayhem to settle down.
I’d like to tout symbol XHB once again, because it is probably my favorite long-term short among the fifty ETFs that I follow.
I know I’m beating a dead horse (yikes, that sounds terrible; what a wretched expression; let’s change it to beating a dead Yellen) about EWZ, but sincerely, I am crazy about this top.
The week so far has been quite clean. We had the DeepSeek plunge on Monday and the everything-is-just-fine-you-big-sillies countertrend rally yesterday, which undid most of the fun. Today, of course, is the Jerome Powell show, and my hunch is that he’s going to let the air out of the tires again.
