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As pointed out in their morning note, the Russell 2000 $RUT will suffer on a hawkish surprise, and Fixed Income and Defensive Assets have the most vanna for dovish surprises (we also see Gold $GLD as a beneficiary), but nothing has a huge bullish ivol premium signal.
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Gold is down an astounding 7 months in a row. Never happened in GLD's history. Is trading at the same levels as 11.5 yrs ago despite trillions in global stimmies during that time. Have a gut feeling $GLD & $GDX pulls a sell the rumor buy the news off FOMC this Wed. Mark it.
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Harry Dent: Buy $TLT Peter Schiff: Buy $GLD Jeremy Grantham: Short $SPY Jamie Dimon: Short $SPY Tom Lee: Buy $SPY Cathie Wood: Buy $ARKK Michael Saylor: Buy $BTC Jim Cramer: Inverse Me Michael Burry: Short everything Jeremy Siegel: Buy everything Jerome Powell: I like Turtles
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$GLD not trading like there is a FED pivot $TLT trading like there is a FED pivot $SPY trading like there is a FED pivot $BTC trading like there is a FED pivot I ask again: SOMEONE is not telling the truth...
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