Good news, but hedges stay on!
So, depositors will get their money back, this is good news.
Also, every bank that has their T-Bills under water (now and not to duration) can swap them (to the FED) in the moment they have big outflows they need to finance. I am still thinking about what that means in the long term, not sure yet, but short term that is good news.
Still this rally I called around Jan 9th is over. Lower lows have been made on most small cap value momentum systems, so the hedges are on and stay on until the systems are going to make new highs out of this mess.
Next weeks are going to be interesting!
Best Regards
Andreas