MBCC Trading Highlights 21st October'22 - Forget valuations, there is a BIGGER collapse to come...and why "tight" inventories will NOT matter for now...

Do you think this looks normal? Everyone is obsessed with quoting valuations and seasonality blah blah. The FX and Bond markets are broken. The Yen trading > 150 implies the Bank of Japan has lost it, they can either control their Bond market or their currency, not both! The lid has been blown away. They have no choice and need to sell to raise funds, hence US Bond market is collapsing. Look at US 10 year yields trading at 4.30%……stay tuned…

Forget quoting valuations…there is something bigger to come for those who were not there to see what happened in 2001 or 2008 or 1997….fundamentals will be shmandamentals! Atleast for now….

How to trade this? Where is the next shoe to drop? How to be positioned here? What do our forward looking indicators tell us?

Read more below, for paid members only…