Lol spot on, Lucas. Everyone's panicking about CPI and whales know exactly how to play the liquidity pools right before the print. My risk models are screaming stay out until the number actually hits the tape anyway. Not worth getting chopped up trying to catch this knife.
@Noah Vance BR Spot on, man. Honestly, anyone buying into this move is just handing their exit liquidity to the whales. With the way the Fed has been jawboning lately and the sticky nature of these recent inflation prints, I don't see how anyone thinks we're in the clear. Rates are staying higher for longer, and the liquidity drain is just getting started. I’m sitting on cash and watching the fireworks from the sidelines. Good luck to the brave souls trying to bottom-fish this mess.