Good for a punt?, page-36

Absolutely agree on many points. I went very short US/tech late last year on all this. Now a little long in expected bounce. It was so obvious Fed and equity mkts got inflation wrong. Now theyve gone the other way. No way the US mkt can withstand the interest rate hikes forecast.

Fed will lose its bottle. I expect a short term bounce generally, but still a medium term decline in equities before Fed comes under pressure to back off. Short index futures and long stocks I like.

For this thread/stock, Affirm +22% overnight Should get a big bounce in ZIP today. ZIP is ridiculously undervalued vs it's peers. I don't like the BNPL business at all, but know value.