It’s a fine day in the marketplace, in spite of my NVDA short position getting lit up. I have faith and confidence that whatever rally it is enjoying today will be washed away next week.
My UVXY is sharply higher, but I have to be careful about holding it for too long. Those ETFs are designed to lose and should only be trade, so bear that in mind when buying it.
I suppose my DRIP position is most interesting to me now, because oil has yet to crack lower. I am early to this trade, which means it has the most potential upside.
Random thought here: I bet you’re waiting for me to talk about bitcoin and how it’s getting killed — but I don’t feel like talking about it. I don’t really hate bitcoin, as a matter of fact, the idea of fucking over the central banks is wonderful; but I just don’t think we’re at a point in the narrative where fiat can be discarded in exchange for internet money. I hope you get a bounce soon.
Remember when I told you to watch out for investment grade paper getting hit? Well, it’s sort of happening today.
BCH is where it’s at. https://tinyurl.com/yb456vkq
The internet “money” that’s going to emanate from the Lucifer’s throne over at IMF/BIS soon will be much more interesting to talk about than shitcoin.
ROKU going HAM.
You think HMNY is forming a base?
Investment grade paper is a pretty good canary.
The Turkey Gods may not come this year.
2/10 spread now backing up to 75 bps. Yesterday it was at 68 bps. A few weeks ago it was at 85 bps. Somebody please tell me why this is worth getting all lathered up about. So IG via LQD is getting hit today. Does that mean the Fed may not need to be as aggressive with its projected rate hike path? Does that explain why the R-2000 is positive today? Noise. Embrace the bull. It’s still running.