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02.14.22 Market Preview: Putin’s Shorts vs. Powell’s Put

Sven Henirch over at Northman Trading has the Tweet of the day summing it up at 5:15 a.m. ET this morning:

And gold is finally behaving like a safe haven should:

This could be the week that we find out if Putin’s shorts against the US and European economies are more powerful that the Powell Put which has been more deadly for the American consumer than any invasion speculated to happen in NATO’s sphere.

My money in the short term is on Putin and his tanks. The US military has yet to give the launch codes to Powell but give them time and money and I’m sure they will consider it.

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