What They’re Not Telling You About Trump’s Fake Time Magazine Cover

The media is having a field day today, bemused by the revelation that Trump has a fake Time Magazine cover of himself in 5 of his clubs. Mika, from The Morning Joe, had a grande time this morning, mocking and ridiculing the ‘needy’ President for this shocking revelation, saying ‘this is your boss.’

She prefaced his diatribe by saying ‘Trump was so needy that he had not been on Time yet that he made is own’, calling the Time cover ‘phony’, ‘fake’ and ‘pathetic.’

Fake Time Magazine cover of Trump

Watch.

The only problem with Mika’s reporting is that it’s false. Shocker, eh?

Here’s Trump on Time Magazine, 1989.

Why does Trump have a fake Time Cover in his clubs, when in fact there was a real one in existence? God only knows. It was probably done in jest, garnered a few laughs, and tossed up on his club walls to keep the meme going. The fact that this is news today, just after CNN got busted for admitting to publishing fake news, is probably not a coincidence.

Here are some other Time Trump covers.

The market is ripping off tits to the upside. Back in the old days, when I was a younger lad, I’d circumvent my way into stocks that were heavily shorted — using my buying power and the money of friends to spark a short squeeze. In upward surging markets, stocks that are heavily shorted enjoy a two fold boon: natural buyers and those scrambling to cover their shorts. Hence, the net result often leads to stocks screaming higher — inflicting pain and misery to those stuck short.

According to Exodus, the following stocks are heavily shorted and are ranked amongst the highest in the market now — technically speaking.

RH
WTW
ESPR
VSH
WAB
PRLB
PII
WAC
CENX
JUNO
ONCE
EXAS

It looks like biotech stocks are setting up for a big run. We’ve been seeing all sorts of drug stocks break out, like VRX, in spite of ‘healthcare reform.’ The markets knows.

God forbid the NASDAQ should climb another 40 points, I’m destined to face plant into a vat of ketchup, according to promises made in my previous post.

A Large Marge rally is underway on Wall Street today, airlifted by Trump stocks. We are seeing a continuation of the post election rally — tech stocks staggering while steel, copper, banks, construction and oil stocks surge.

Look no further than CLF to get a feel how the Trump trade is doing. Coking coal for steel is in the good grace of the Lord today — a Trumpion play on making America great again.

Tech darling NVDA is bouncing by 2% too, so everyone is happy, generally speaking.

Ethereum fags are having the time of their lives, as the faux store of value presses its gains, now up 30% for the day.

Dollar weakness, bond yields slightly lower and 80% of stocks are up — everyone is happy.

I’ve been wrong about cryptocurrencies since the day I found out about them. As long as they survive , I will continue to be wrong about them. I don’t get it and will never invest in them. Having said that, a totally normal bounce of +26% has occurred in Ethereum today — the world’s second largest cryptocurrency. Look at all these totally normal moves.

Markets are set to rebound today, getting back some of yesterday’s lost sauce. Since we lost 100 NASDAQS yesterday, I think it’s fair to say it’d take one heck of a rally today to get it all back. As a matter of fact, if we rallied 100 NASDAQS today, I’d face plant myself into a vat of ketchup — just for the hell of it.

Goldman upgraded their forecast for the SPY this year to 2,400 from 2,300.

Interesting side note, the President is shitposting about AMZN this morning — thanks to Jeff Bezos’ relationship (owner) with the fake newspaper, Washington Post.

The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!

— Donald J. Trump (@realDonaldTrump) June 28, 2017

In the world of politics, this is all you need to know for this morning.

Following yesterday’s drubbing, you’d like to see the market lift by 30-40 NASDAQS. Worst case scenario, NASDAQ lifts by 15, fades away and then turns red. That would lead to a rout of monumental proportions. Remember, because the market has been so easy to buy and hold, there are a lot of rank amateurs embedded at these levels. Those people would take flight at the first sign of weakness. They are the proverbial ‘weak hands.’ They exacerbate sell offs — because they’re indecorous, disgusting, vile creature — and lack gumption.

I’d be encouraged if tech led the way today and Macy’s face planted into a vat of ketchup.

Enough of this charade. The people of the world have spoken, and just 22% of asked by Pew Research have confidence in President Trump — down from Obama’s stellar 64%. More than that, the only two nations in the world where Trump was more popular than Obama was Russia (shocker!) and Israel.

Why doesn’t Trump move to Jerusalem and become President there? He seems to love that wall so much — plus he’d be closer to his friends in Russia.

He loves walls.

Our dear friend from MSNBC, the impartial Chris Mathews, weighs in on this new impeachable offense.

Let’s recap Trump’s crimes.

He worked with Russian hackers to access John Podesta’s email box, revealing the DNC to be the corrupt organization we’ve all grown to adore.
After becoming President, he took two scoops of iced cream, while everyone else took only one.
He fired Comey and called Flynn ‘a good guy.’ Clearly, collusion — execute all involved.
He obstructed justice by claiming to have tapes. He had zero tapes. Impeach now.
He didn’t enjoy a Ramadan dinner — something of a tradition in the White House.
He might get a chance to nominate a second supreme court justice.
He has yet to release his taxes.

This orange orangutan must leave the White House to make way for the whitest man to ever live — Mike Pence. He’s so white, his hair is white. His stance of electrocuting gays until they turn back to normal is somewhat alarming — but I feel we can work with him in making America somewhat good again.

This greatness business is arduous, hard work, and environmentally unfriendly.

For the sake of the people of the world, in spite of Russia and Israel, we must impeach Trump now.

It was a grande day of abject rapery and fuckery abounds. The fag heavy NASDAQ shed exactly 100 points today, led by a barrage of cocaine addicted hedge fund managers preparing for a pleasant season of ‘summering’ at their usual locales.

These were the biggest losers in tech land today.

As for me, I gallantly trotted forward to the tune of +0.38% — thanks to a strategy of impeccable proportions. I’m broadly diversified amidst the very best small capped stocks — many of which enjoyed gains today. I wouldn’t look into today’s tech drama all that much, especially since most of them are still up over the past 2 weeks.

Betting on retailers, oils and banks doesn’t sound like good advice for the long summer months. Perhaps many of you would be better suited in a larger cash position, playing the Exodus mean reversion calls in the near term? With 20% of my assets in cash, I eagerly await for more of the same bloodshed tomorrow.

Last night Project Veritas released video footage of one of their undercover agents getting a CNN producer to admit the CNN reporting of Trump-Russiagate was a complete farce.

Today, the spokeswoman at the Whitehouse, Sara Huckabee Sanders, implored the country to watch the video — offering a scathing assessment of the main stream media, who publishes story for the sake of spiking ratings — regardless of journalistic ethics of morality — that led to a heated exchange with a reporter named Brian Karem, who derided her for impugning the dignity of the media, of which she referred to as disgraceful.

“First of all, I think if anything has been inflamed, it’s the dishonesty that often takes place by the news media. I think it’s outrageous for you to accuse me of inflaming a story when I was simply trying to respond to his question.”

The shills over at Club for Growth, a checkered pants republican organization who deems themselves to be an authority on all things GOP, as it pertains to the economy, have issued the following statment — laying waste to the Senate’s version of Trumpcare.

“While it’s hard to imagine, in some ways the Senate’s legislation would make our nation’s failing healthcare system worse”

The subsequent result of this, and many other things, had led the Nasdaq down an intraday path of ruin — off by more than 70.

US 10yr is spiraling higher +7bps to 2.21% and the dollar is getting manhandled -1.33% v the Euro.

Tech stocks are at the centerpiece of the carnage, with notable declines in STX, JD, SHOP, MRVL, AMD, Z, SWKS, NFLX, WB, Z, NTES, CAVM, ATVI, TMUS and NVDA. Generally speaking, there is a rather large tech flight underway, with money finding a way into both banks and basic resources.

I remember the day Amazon came public. It was a stupid little stock, swinging around violently. It was a book retailer, nothing more. At the time, I was pitching Barnes and Noble’s bookstores for new accounts, based off the premise the Microsoft’s partnership with them would devastate Amazon’s entry into the space. Back then, Microsoft was the big kahuna that everyone looked up to. Now they’re yesterday’s news.

What Bezos has done with Amazon is nothing short of spectacular. We all benefit from it — in spite of the fact that it’s laying waste to our beloved shopping malls (thank you for killing the mall, truly).

Having said that, Bezos has more work to do, bigger industries to destroy — like the food sector. With the acquisition of Whole Foods, expect to see your local grocery store shut down inside 5 years — leaving a nice vacant lot in your strip mall for the rats and vermin to traverse.

But what else has escaped the wrath of this borg, the Amazon collective?

Here is a list of retailers that have flourished over the past two years.

AMZN +125%

STMP +108% — a play off the demise of the US postal service, an online venture. They don’t really compete with Amazon, but what if Amazon decided to compete with them?

W +98% — an annoying online retailer, more akin to OSTK if anything else. Their sales people call you up and pitch you to buy couches. It’s fucking absurd.

DPZ +92% — This might sound crazy, but what if Amazon decided to get into the prepared food delivery business via Whole Foods? They make damned good pizza. That being said, DPZ looks safe, for now.

ULTA +79% — this is like a Disney for women looking for cosmetics. For the life of me, I don’t know why Amazon doesn’t crush them already. The overbearing stench of cheap perfume and lotion in these places make my eyes burn and my stomach turn. This is definitely an Amazon target, at some point.

BBY +79% — This company was in danger 5 years ago, but has since turned it all around. It is one of the few stores that has flourished under the Amazon reign, most likely attributed to the fact that people like to see their refrigerators before buying them and also because BBY has great customer service.

BURL +70% — Discounted wares for the masses. Amazon will have a hard time competing with places like this.

NFLX +65% — Amazon competes with Netflix via Amazon Prime. But it doesn’t matter. People want more than 1 online teevee channel, just like they want more than 1 cable movie channel. There’s plenty of room for everyone to grow in this space.

PCLN +65% — I can see Bezos getting into this space at some point. Perhaps he’ll buy TRIP and stick a dagger into the face of PCLN? God, I hope so.

CHGG +62% — Online books for college kids, at a discount. How is Amazon not crushing them already?

EBAY +46% — Amazon has done a poor job at cultivating their collectibles stores. Ebay is the king at empowering the layman to open up an online store and crush it. A good friend of mine quit his $250k per year job to sell sneakers online and has been making more doing that than at his posh corp gig.

SIRI +39% — Amazon should buy SIRI and merge it with Amazon music to annihilate everyone else. No one can compete with Siri in the car.

COST +23% — At some point, the gig will be up at this great retailer. They offer great prices and a wide variety of quality goods. However, it’s only a matter of time before Amazon gets around to offering bulk pricing on food and essentials.

BID +18% — Amazon will never compete with the auction houses. Their businesses aren’t that attractive. Not scalable.

LOW +16% — I already buy many things via Amazon that I’d normally buy at LOW or HD. Do you?

ROST +15% — ROST and TJX are two retailers that sell clothes and other nonsense at bargain prices. This is the one segment of retail that is untouched by Amazon.

There’s appreciable weakness in the dollar today, off by ~1% v the euro. Additionally, sovereign bond yields are spiking, finally — up 6bps to 2.19% on the 10yr. Oil is very strong and gold is enjoying a minor reprieve.

What does it all mean?

I wouldn’t look too much into today’s rotation out of tech into commodities and banks. This is reminiscent of the ‘Trump trade’ when The Donald was first elected, minus the dollar weakness. I cannot say, with any varying degree of certainty, that this trend will last — when in fact — crude has been nothing short of dreadful on a year to date basis.

Instead, I’d rather let the numbers tell the story, which is why I’ve chosen to invest quantitatively for 2017 — based on certain disciplines outlined in Exodus.

Here is my portfolio for the week. It will most likely be liquidated this Friday for a new one.

I will manhandle the SPY each and every week, with grace and without breaking a sweat. I will demonstrate to you how investing could be both fun and rewarding, without having to monkey around with charts, lamenting about rotation, or second guess trades. I hope you’re paying attention to this, since it will most likely be my grand opus in my philosophy for investing.

Breadth stands at 51%. If you didn’t bottom fish yesterday, you’re not making money today. If you’re trying to chase alpha by buying department stores and oil today, you’ll most likely be disappointed tomorrow.

There’s a better way. Trust me.