Tough call as select S&P 500 sectors came back to life, but credit markets are a bit inconclusive. Some more selling today before seeing a rebound on Wednesday‘s FOMC (I‘m leaning towards its message being positively received, and no rate hike now as that‘s apart from the Eastern Europe situation the other fear around). Q4 2021 hedge fund letters, conferences and more VIX looks to have topped yesterday, and coupled with the commodities and precious metals relative resilience (don‘t look at cryptos where I took sizable short profits in both Bitcoin and Ethereum yesterday), sends a signal of upc…

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