In mid-June (here), Mr. Blonde identified equity markets as oversold, showing signs of capitulation and ripe for relief. The buy/cover timing was great, but walking away from markets a couple weeks ago (here) in front of earnings season and after 8% up move was ill timed. It happens, can’t win ‘em all. At the end of March in “From Fed Hikes to Growth Cuts” Mr. Blonde outlined his view that growth concerns would overcome inflation and pace of Fed rate hikes. Much of this seems to have developed and certainly played a role in growth sensitive commodity sell off, rally in duration with power flattening and momentum ... (full story)