Look to short with size around 4k/4100 SPX. Reaction to 7.7% CPI is unjustifiable. We have another covid surge right around the corner that makes this position more attractive.
After inversion, re-steepening signifies the impending materialization of the stress in the financial system and economy. Looks like this is just the beginning of this downturn and imo we're headed for a massive recession.
