Bonfire1996 said:
Remember what I told you about rates:
- We are in a 30+ year downward sloping channel of treasury rates
- We are drunk on spending
- Healthy economies should have rates between 5-10%
- We can't be a healthy economy with the deficits we run
- No matter how much our FED wants to pretend we are healthy, and raise rates OUTSIDE the downward sloping channel, it will end badly
- After the bad ending, we will be right back in the downward sloping channel.
Translation: This market reaction will be a fantastic Spring to buy for long term plays as tech gets crushed. We will be back to easy money policies by 2023.
Fully on board with this view. There's gonna be a lot of value to pick up. Holding energy & financials as trades until the tech slaughter is over, then going in hard.