Update on the signs to look for a bottom: The Think Tank: Macro Discussion and Opportunities Brainstorming - #27 by Kevin
BULLISH: DXY (the US dollar) rejecting off its uptrend line. Possible breakdown happening?
BULLISH(?): 10 year yield not holding 2.7%, but it’s still relatively up. Hasn’t broken down that far.
BEARISH (?): 10/2 year yield spread is not recovering, but it may have paused for now
BULLISH: As @The_Ni pointed out, market participants are buying call options
UNDETERMINED: Inflation data and consequence on fed rate hike dovishness vs hawkishness
Personally I’m still overall bearish because I think we are going to see sustained elevated inflation and earnings recession, but don’t ask me how the market should react because apparently sometimes everything is “priced in” and sometimes it’s not.