The Inversion Investor

The Inversion Investor

Determinism Behind the Dovetail

Peter Pham's avatar
Peter Pham
Jul 31, 2025
∙ Paid

Yesterday, I released a note titled Operation Dovetail.

It wasn’t just a forecast —

It was a structural correction.

The market was sitting in a fragile coil:

No catalyst.

No clear positioning.

Just heavy downside pressure and indecision.

What triggered the final leg down wasn’t economic data —

It was narrative suppression.

Both the Treasury Secretary and then-Pr…

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