Predicting interest rate movements is a fool"s erand. If you think you know better than the whole of Wall Street then either you're incredibly smart or a fool.
If you look at any of the predictions made at the start of each year you'll find a) that they vary massively from broker to broker & therefore b) 90% turn out to be wrong.
This is why basing your investments on predicting macro trends will never make you rich unless you get incredibly lucky. It's where the phrase ' trade the market you have not the market you want' comes from.
And the final comment I'd make is that it doesn't make any difference if you're right about the outcome if you get the timing wrong. Hence the graph I posted earlier today about the GFC correction.
So carry on with your SNAS position if you like but I don't like your chances of making any money. NASDAQ continuous contract is now up 1.4%.
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