IT IS TEMPTING TO COVER SHORTS AND EXIT INVERSE INDEXES ON THE SPECULATION THAT J POWELL SAYS OR DOES SOMETHING THE MARKET WANTS – E.G., PAUSING OR HINTING OF A RATE CUT LATER IN THE YEAR. THE FULL MOON IS TWO DAYS AWAY AND PERHAPS WE EXPERIENCE A SHORT-TERM CHANGE OF DIRECTION IN THE MARKETS. I’M STICKING WITH THE INVERSE ETFS BECAUSE EVEN IF WE GET A ‘HAPPY’ RALLY IT WILL LIKELY SET THE STAGE FOR A MARKET CRASH LATER. THE BOND RALLY IS A SIGN OF INVESTORS FLEEING FOR SAFETY AND, REMEMBER, THE FED IS NOT THE ONLY STORY OUT THERE.