I'm not sure what's left to discuss that hasn't already been said after a crazy, volatile week that saw our first true rug-pull and Spec washout of the year. But we'll give it a try, anyway.
You already know how I feel about the BLSBS so there's no sense rehashing that. And the price action is right in line with what we projected/expected in this year's macrocast. Yes, prices will break out eventually but not yet....not until it's clear to almost everyone that The Fed has switched course to cutting and printing.
As for next week, we should probably expect more downside...
