THEMIC

private credit is a roach motel for rich people
if there's a PE crash, it'll sap liquidity elsewhere, but also hammer down inflation
tons of imaginary money gets nuked, & the ordinary businesses they buy up get sold for cents on the dollar, allowing discounts to pass thru

alright
$ARENA bottom here

this is why @b0newalljackson is out there late at night chasing wild boars

don't wanna do shit
don't wanna buy, don't wanna sell
don't even wanna sell options premium 😭😭😭

this is what it looks like out there

bouncing around in a range can build a foundation for a bottom
unfortunately it's even odds of a break lower or higher
the credit environment is pretty shitty overall. it's a question of how far they let that go before they start printing aggressively