fuck predicting any short term moves in this psychotic market but i will say that now there should be no more surprises going forward...the fed shit the bed today and surprised us again. they surprised us 4th quarter last year with faster tapering and intent to raise rates faster and today they went triple hawk on us by signaling their intent to reduce their balance sheet sooner. this basically means they wanna do something about all the bonds and other cool stuff theyve accumulated in their books through all these rounds of qe...they can reduce said balance sheet by either dumping bonds on the market or, much more likely they just wont reinvest proceeds. hence the balance sheet is &quot;reduced&quot;...its all a big fuckin joke, but long story short we should have no more surprises for a few months...cautiously optimistic going forward 🤠