Loading ...Yes very frustrating.
However, this frustration will end violently at some point in coming day, weeks, months(?)
Up until now, with all the f&ckery associated with keeping their precious stock market elevated, credit spreads have remained suppressed at the lows.
And while it may take much more selling of the broads to wake these idiots up, it will happen going into the Fall if indications continue to unfold (Yen carry-trade unwind, yield curve un-inversion, etc.).
Credit spreads will move higher too – and PMs will explode higher.
Admittedly, it looks like this could take until Fall due to liquidity conditions in the meantime, so days like today could repeat, however the question is do you want to be out knowing things could change very quickly.
So let’s hope the idiot futures specs leave quickly and we get it over with fast.
Because the next leg higher should be epic as the reluctant and delusional (think Blackrock, etc) are forced into the sector.
Hang in there.