These two charts are not inspiring, unless you have been waiting to short. Big reversal last night on Wall Street will make people nervous.
Rising oil prices, rising commodity prices generally, high Australian dollar, massively overinflated tech stock valuations and rising interest rates and yields. These things take time to filter through to the hip pocket.
I don't think markets will fall over overnight, but it is slowly but surely dawning on people that these conditions cannot last forever.
The only saving grace for Australia is that its main commodities are still at high prices and may be that way for some time, and therefore the Federal and State Governments will continue to reap royalty rewards largely from WA and QLD but if the US really does correct, we will correct with it.
I sold half of all my positions in the past 2 weeks. Its been a great 6 months, but the party is winding down IMO
BNPL bubble will be the first casualty of rising interest rates. Not touching that sector with a barge pole and will actively look to short it.
