MBCC Trading Highlights 26th September - Could Oil fall any lower? How much more pain in Equities and the Dollar?

Since the last 20+ years, the cycles are seeing lower and lower rate peaks as the system cannot handle higher absolute rates. The Fed’s crazy MMT experiment leading to shorter and more violent up and down cycles. First Bonds broke, then FX, what is next?

And why this is NOT about how “cheap” assets are. Example: Oil is down another 10%, Oil Equities have always been cheap but are down another 15%+, one may be right in the long term, but can you hold on for near term mtm 30%+ losses? How much lower can Equities or Oil go? Where does the buck stop for Copper? All this and more in today’s note.