the Russell 2000 is a grossly overvalued bag of inflated debt obligations while rates are rising and input costs are rising with oil

Once upon a time in a shitty town in the mountains.......The Russell 2000 is where the companies that couldn't even get nerd town (Nasdaq) or popular town (SPY) goes to live. its filled with 40% of companies that are unprofitable. The 10 year treasury has now risen SHARPLY from like 4.1 to something like 4.42 as of writing. this was when the russell was at all time highs, since its only down 10%.

The massive private credit debt bomb? that was supposed to get alleviated by a rate cut. That aint happening at least not until may with a new fed governor who would be insane to cut rates into an inflationary environment but i digress. The recent rate hikes vs expected cuts just put the nail in the coffin for the zombie companies previously being propped up by NVDA's halo and 0% loans in yen which has also now ceased. For companies on thin margin paying interest only loans their monthly payment just went up 10% in 3 weeks while input costs are rising due to the oil and straits chaos.

It's trading at an 18x PE and all time highs expecting positive news and it just got cock slapped.

TLDR; Short UWM 30 strike october expiry 10 contracts

the market is very thin on contracts either i'm completely regarded or i'm rain man vs the russell 2k with 2 grand.