Time to face facts: Albo is destroying Australia at lightening speed
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It’s time we face reality. The Albanese government must sacked at the first
available opportunity. I know the alternative is a corrupt bollard with a
tra...
2021-05-12
Next Shoe Is Financials
Financials perform poorly in sustained high inflation and deflation. High inflation should take time to emerge. In the near-term, the next shoe to drop in a market correction would be bonds regaining their defensive staus. A rally in long bonds will take down the financial sector. With that in mind, KRE went back below resistance today. KBE and XLF included for context. This isn't really a chart short and not a big position of mine, but it is something to consider if bonds start rallying amid a deeper correction.
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