The Mother Of All Bets (MOAB)
With the financial world turned upside down people are looking for vulnerabilities within the system. Let me direct your eyes to the long end of the bond curve. Stress is already apparent in the repo market and funds are beginning to unwinding left and right. If you look at cot data on the long end of the bond curve specifically the 30-year you will notice that shorts have piled in to the highest level they have in all of history. This virtuous cycle was created in the anticipation that the Fed would spark inflation. Spoiler alert they didn't. With the dollar beginning to reverse I feel now is the time to go long the long end and expect for financial conditions to tighten as the demand for cash spikes.
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