Once again, I find myself in a position where I worried myself silly all night that I was 125% short the market, fearing what the economic data would do…………..and then the numbers come out, and I wish I was 250% short and scold myself for my timidity.
After the CPI came in at 2.1%, hotter than expected, yields shot up…….
Bonds, my “short of 2018”, fell………
……..and stocks fell in kind (instantly):
As is so often the case, I let the chatter of others (“new highs are coming!”) poison my bearish resolve. I wish I was completely out of buying power, but as I say, I’m 125% positioned.