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RE: LeoThread 2025-08-22 08:58

in LeoFinance2 months ago

I don't want to be. I need some kind of insurance. So Monday, March 13th, after the Fed announcement of its program, after the FDIC action, after signature SBB, all the stuff that should have been past tense, we got massive hedging, which said, again, lots of people in this deep, sophisticated marketplace were saying, holy crap, I need insurance because I don't know if I'm going to be able to sell these riskier assets. And then as bad as that was, we got a little bit of a reprieve on Tuesday, which is the normal pattern. Usually I have a Friday big announcement, Saturday and Sunday, the market kind of stues about it. Monday is the continuation of Friday. And then everybody kind of pauses on Tuesday. Tuesday is the day of reassessing. So we got a little bit of a retracement on Tuesday, and then Wednesday was almost as bad. We had 60, 70 basis point moves in Eurodollar futures on Wednesday. Now, they didn't stay there for the whole day. The September 2023 contract, for example, was up (12/57)