🟢 [E2167] Starting to wonder if there will be long bond trade at some point (not yet). If Fed plays standard playbook hiking into oil-led inflation then sees massive demand destruction and has to cut. Won't be unified under Warsh. Trade that no one likes or has on - opportunity may lie on contrarian side.

🟢 [E2160] Wasn't aware of BOXX - useful with it being accumulative from tax perspective, gets implicit long dollar as well.