Pretiorates’ Thoughts 76 – The Market Flirts with Dovish Dreams, while Bonds Start to Sweat

Letter was published on Substack on April 9, 2025:
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Following the sharp sell-off across global equity markets, we've reached a level that could trigger a more pronounced technical rebound. The ‘Smart Investors Action’ indicator for the S&P 500 is showing a massive exaggeration – an extreme we haven't seen in years…