iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,432 Blog Posts

Markets Hate the Paris Accord; Futures Lift to Record Highs

We’re robber barons again. Feel free to dump medical waste into your neighbor’s fresh water stream — killing off his fish supply — drowning bitch ass seagulls with vats of WTI crude. Gone are the days of catamite led climatefags; in come the industrialists.

On the news of Trump urinating on the faces of Macron and Merkel, S&P futures are hitting record highs in the overnight session, +5.

Additionally, WTI futures are down another 0.75% — because we’re gonna drill so many god damned oil wells, we’re gonna be knee deep with the stuff — especially in the Gulf of Mexico.

Incidentally, my quantitative model has been profitable in every week since I implemented it into action. The way the market stands now, I might be forced to reduce my equity exposure in exchange for GLD/TLT — since risk off assets have outperformed stocks this week. While it’s true, stocks have traded up, so have gold and bonds.

My top performers for the week have been SIRI (+6%), VIV (+4.4%), ALGN (+3%). My overall median return is 0.7% — outpacing the SPY by 0.25%.

The top performing market cap segment in the market has been $5-10b, which means I’d have to sell all of my $10-50b names. For bulls, this is a very positive sign, as speculative fervor moves down the market cap ladder — overall gains increase.

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11 comments

  1. it is showtime
    it is showtime

    The pattern continues. Couldn’t be more obvious (triple lol)
    a world-government agenda gets blown to pieces,
    globalist controlled markets magically expand the potential
    or magnitude (quad lol) of an equity bubble

    I still contend Plan D or Plan E, or F, is
    stock level pinprick unwind

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  2. Po Pimp

    The US joins Syria and Nicaragua as the only countries not in the Paris Agreement.

    “You are known by the company you keep.”

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    • BenCBrainard

      What’s wrong with Syria and Nicaragua? They good people. Hang at the back of the class and smoke cigarettes.

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  3. mistermoe

    Say what you want about this nonsensical idea that policies which destroy our planet are less cuckold than the faggy idea of species continuity. I don’t think you see the consequences of placing a man who attacked his wife in front of his 2 twin daughters leading our administration (Bannon). Obviously it is already hurting the branches on the POTUS family tree. Nobody fucking wins.

    http://www.politico.com/story/2017/06/01/ivanka-trump-climate-deal-239041

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    • NotGekko

      As opposed to the wife (Hillary) of a known rapist and abuser of countless women, of course.

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  4. Cricket

    Markets happy? Where there’s muck, there’s money.

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  5. sarcrilege

    Would it be redundant to say that GLD, and all the other “physically backed” gold ETF that seek to track the Solactive GLD Long USD Gold Index, are probably not backed by phyz gold? That it is very likely another paper fraud? Just sayin’…., you know?

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    • BenCBrainard

      No, no, they hold other ETF’s, that hold other ETF’s that have physical gold.

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