Stick to the fundamentals, the structure has been violated yes
pantheo
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@DeanT, Maybe Turnaround Tuesday, it's already SD4 event, can't stay at these levels without reaction. If stay and deep even more today the damage will be outrageous. Already 3billion losses yesterday from volatility funds. It's their "welcome mr Powell event", read Dalio's yesterday's letter.
DeanT
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@pantheo, Great Analysis and chartistry. thank you, I will search for the letter
pantheo
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@DeanT, Thnks, it's a pleasure. It's on his Linkedin but reproduced heavily yesterday
It's his warning to the FED's Powell as he is heavily short the european markets the last few months due to Italy and Spain's problems targeting the first week of March where the Italy's elections are held, with more than 50% of electorate will vote for anti euro parties, namely Berlusconi's - who has bacttracked already - and Five Star.
Dalio is essentialy saying "we are long, take care..."