@DaveHcontrarian@BucktheBoxerbd Appreciate your perspective as always,Dave. It's just tough seeing the relentless bleed across the Dow, small caps, and metals week after week while yields hold high. What gives you confidence that this isn't a broader structural rollover rather than just quarter-end rebalancing?
@DonDurrett Probably less than what people make it to be... On a short-term chart, moving from 4.5% to 5.2% looks sharp, but from a longer-term macro perspective, especially compared to historical rate cycles (double digits), itโs fairly standard volatility.
@DaveHcontrarian@Betatrader3@carleygarner Hi David, given the sticky 10-year yields capping multiples, do you see small caps needing a deeper 10%-12% correction to wash out leveraged longs before the melt up phase can ignite, or is this current 7% dip sufficient as a base?