The Gilmo Report

June 22, 2022

June 22, 2022 6:47 pm ET

The seats of my pants have been worn thin over the past few days as the market has slashed back and forth, but at least I am not swimming naked. Swimming naked is what the crypto-crowd has been doing lately, and this remains a no-touch area of the markets. Systemic risk and the potential appearance of more cockroaches, as detailed in my last report, remain a significant headwind for what is now a bona fide tulip-mania coming undone.

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