Third time is a charm, I originally thought we would see the sell off after earning as we see the impact of inflation but market didn't seem to care and we had the options gambling mania pushing stocks up parabolically. I don't really get why the inflation number that came out shocks anyone given the expenses reported in everyone's earnings rose sharply and Petrol and food price have been sky rocketing but bout time that 10 year yields come to life. Evergrande finally officially defaults on its $148 million coupon payments and has over $300 million that was due by the end of the year so I don't see that fixing itself and could send china into a Deep recession. If china cant contain this debt problem we could see a big fall coming next year as inflation will continue to rise but if the second largest economy declines the worlds growth will decline. I only have a 7% target on this trade but will see how it unfolds closer to the target. I do still think we Bull into Christmas like always before the impact is felt and we have the bigger sell off some time Feb - March.
