I don't have a big enough imagination to make this up.

Zaktualizowano
Feds Financial Stability Report came out yesterday.

if you need help reading between the lines.

From Page 46.
Hedge fund leverage remained somewhat higher than its historical average in the first quarter of 2021 based on confidential data
On-Balance-Sheet leverage at hedge funds decreased in the first quarter to a level close to its historical average
based on the same source off-balancesheet derivatives exposures continued to be above its historical average in the first quarter
Several indicators of leverage intermediated by dealers on behalf of hedge funds, such as hedge funds’ margin and securities borrowing in prime brokerage accounts suggest that hedge fund leverage associated with equity market activities remained at high levels in January 2021,
Gross leverage at hedge funds—based on the same source but including off-balancesheet derivatives exposures—continued to be above its historical average in the first quarter.

No mention about Archegos. Sweep it under the carpet, blame meme stocks.

You can put makeup on a pig, but it's still a pig.

Are we riding a bull here or a pig?
Uwaga
for anyone sleeping at the wheel.

"Congress has voted to extend the debt limit through early December. On Thursday, President Joe Biden signed the bill into law, putting off the drama for a few weeks."
Beyond Technical Analysispigspowerof3Trend Analysis

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