Key insights
- The author expresses confusion regarding the recent market rally despite ongoing geopolitical tensions between the US and Iran. They highlight the lack of clarity in the macro environment and express concern about potential escalation. This sentiment suggests a cautious outlook on US equities, with a slight bearish tilt due to geopolitical risks.
Markets have been ripping (even in the pre market today), backed by what???
No one knows.
US - IRAN haven't agreed on a permanent ceasefire, if anything, there is a greater chance that things might fall apart this weekend (I hope not). Don't understand what's really happening right now. Partly invested, and have some dry powder left but there is no clarity on the macro environment.
Any views/comments/opinions are appreciated.
Edit:- You lot are so defensive and insecure 😂.
P.s: I ain't a bear or a shorter, if anything I'd make money on my long positions, seems like you lot can't control your emotions.