I leaked our $KAS trade on Twitter last week and we just hit TP1 at 22% profit. So happy for anyone who caught this trade!
I'll dm a Telegram invite to 3 random legends who like and retweet this post! ❤️
The recessionary bears have been wrong for so long for one simple reason in my view.
This cycle we got to witness the largest inflow of cash straight to the consumer and companies.
Prior cycles we did NOT!
This creates such a large cushion over the past years that the rates have not been felt as heavily as prior cycles.
That cushion is now almost gone.
The QE cycle of the past decade ended and it created a disconnect within the bond market leading to the massive bond crash, further making the analysis and comparaison to prior cycles difficult.
We saw Druckenmiller put on a long 2y bonds and short 30y bonds, effectively longing a yield curve steepener in the process.
Druckenmiller said it himself: