BKX banking index target achieved. I have a game plan that calls this rally nothing but hope (and a whole lot of inflationary policy) so as a matter of principle I choose to step up and short this mess with SKF, the ultra-short financials ETF.This may prove ill-fated because the position is contrary literally a whole world hopped up on hope, and that is a powerful short term force. So I will be quick to bail on the position if it goes strongly against me out of the gate. But gains in other areas allow me to hang around for a bit and see if we can't just maybe catch this pig for a short.
Again, I have a feeling of dread about this trade, but I am also aware that with a little patience, that might be bullish for SKF. Caveat: I have a proven track record of sucking as a short.
