S&P 500 continued its downswing without much of a respite even though bonds favored stocks to reach higher than they did one hour before the closing bell. Interestingly, VIX has barely moved in spite of the quite meaningful downside continuation – let alone the Wednesday‘s reversal that caught so many off guard. Thankfully not you! Q2 2022 hedge fund letters, conferences and more Today, we‘re already below my direction setting level described in these two tweets. USD is up, and much of the forex antidollar plays in disarray (beyond the usual suspect, Japan) – this isn‘t yet a dollar top. That‘…

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