Today was the first day The Option Addict joined Exodus for live trading commentary. As a whole, the session was uneventful, as people remain transfixed on the political soap opera that is Trump vs the world.
Both gold and silver outperformed, while mostly everything else sunk lower. There was notable underperformance in auto dealership stocks like $KMX, $AN and $GPI — accentuating a long downward spiral in just about everything retail.
Disappointing auto sales dragged U.S. stocks lower Monday https://t.co/BQwGi81LhJ #WDYM pic.twitter.com/BhlXSfZRmn
— Bloomberg (@business) April 3, 2017
Meanwhile, Fed’s Harker made comments today about another two rate hikes. The juxtaposition of hiking rates against a feeble economic backdrop can only be viewed as deleterious to the American economy. Moreover, such policies begin to take on an air of political activism, especially when considering that 8 long years of Obamanomics and how the Fed never dared to inject such hawkish rhetoric whilst he was in power.
Copper was markedly weaker, off by 1.7%, furthering the notion that the global economy isn’t humming along as robustly as previously thought. The brand new smell of Trumpism has worn off, for now — amidst political hand-wringing.
Democrats intend to misuse the filibuster to stop Gorsuch from being appointed to the Supreme Court and the United States, as a government, takes on the characteristics of a banana republic more and more, with each passing day.
Nevertheless, I feel any notable weakness is reason to buy. If the elections of 2016 didn’t bring down this market, nothing can.
For now, I am still 100% long $WLK.
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That’s a great photo of Yellen.
I thought it was Hillary C.
Recep Tayyip Erdo?an is Gollum
Strength in bonds is downright surprising, to me.
interesting why do you think this?
Not sure. Just seems like a coiled spring and bonds should trend down over time, especially with unemployment so low and growth picking up. But it’s all just a guess right? I’m short naked calls regardless
Fed-proxy computers were turned on at Noon. Vix topped at exactly 11a, All 3 indexes bottomed at exactly 12p. All naysayers: Fed-proxy is the most accurate description, does the Fed know?, is the Fed doing it?, no, Clearly systems were setup a few years ago to coordinate the trading day.
Wanna step in and debate that (Cough)?
Every day that doesn’t plummet straight down is rigged, eh?
The market is rigged by CB’s via proxies, most ppl know that, but that doesnt stop gamblers from playing. Just like casinos, the gamblers know odds rigged in the house favor, yet they keep gambling. There’s no market discovery; there’s only gambling to outwit the FED.
Curious, you’ve got it all figured out…. why do you keep fighting it?
Blackwater founder held secret Seychelles meeting to establish Trump-Putin back channel
ENJOY!
These types of meetings are common. You’re such an uniformed moron.
Go read the wapo report, bakery boy.
WaPo! LOL!!!
You truly are sophomoric. Go listen to some Kayne.
We are becoming a banana republic without bananas! We don’t grow them anywhere in appreciable numbers. Terrible!
I live in a Banana Republic, but at least we have great bananas.
They grow in my yard. 10 years ago there was no way, now the winters don’t kill them.
It’s weird how bananas have changed over atleast 7,000 years of cultivation. Fuckin aliens trying to be slick and kill us with their sugar and shit.
Sell mortimer