📉 "The worst day in history"——someone said this out loud today.
It takes courage to say these words, or perhaps……it takes data. We don't know which one he had. But when you lay out today's context, you'll find this statement is not without reason—— The Strait of Hormuz factual blockade is still fermenting, oil prices keep climbing; Japan's largest overseas asset selloff in over a decade happening Monday; US Treasury yields at 4.37%, capital still fleeing to risk-free assets; Fed December rate hike expectations reignited, the rate-cut narrative is collapsing; East Asian economic crisis risks quietly emerging…… Every single one of these, taken separately, is "bearish but controllable." All stacked on the same trading day—— The market's nerves are indeed stretched very tight. Of course, the title of "worst in history" has fierce competition—the predecessors from 1929, 1987, and 2008 are very unconvinced～ But one thing is real: When everyone starts discussing "could this be the worst," position management is worth a hundred times more than having the right view～ First protect your capital today, we can tell the story slowly later～
📉 "The worst day in history"——someone said this out loud today.
It takes courage to say these words, or perhaps……it takes data.
We don't know which one he had.
But when you lay out today's context, you'll find this statement is not without reason——
The Strait of Hormuz factual blockade is still fermenting, oil prices keep climbing; Japan's largest overseas asset selloff in over a decade happening Monday; US Treasury yields at 4.37%, capital still fleeing to risk-free assets; Fed December rate hike expectations reignited, the rate-cut narrative is collapsing; East Asian economic crisis risks quietly emerging……
Every single one of these, taken separately, is "bearish but controllable."
All stacked on the same trading day——
The market's nerves are indeed stretched very tight.
Of course, the title of "worst in history" has fierce competition—the predecessors from 1929, 1987, and 2008 are very unconvinced～
But one thing is real:
When everyone starts discussing "could this be the worst," position management is worth a hundred times more than having the right view～
First protect your capital today, we can tell the story slowly later～