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
19,510 Blog Posts

Futures Surge; Trump Calls Out Fed on Twitter Again

Not only does he want the god damned Fed to stop hiking rates, he also wants them to stop their god damned tapering.

Happy morning to you and I hope you’re enjoying the theatre. Futures are up more than 200, yet oil is crushed into the fucking ground — off by more than 2%. Yields are sharply lower, with the 10 yr at 2.83%, and gold is flat. In other words, all of the risk off assets are secured, which makes this young and fresh rally tenuous, at best.

Nevertheless, we’re just around the corner from Xmas and the presents are stacking up next to the tree. Little Jimmy is hoping to get that brand new bee-bee gun and Sally would like a new set of dolls. It would be unfair, perhaps criminal, to see stocks trade any lower so close to the pagan holidays. Nevertheless, I remain long a variety of inverse ETFs, sordid assets designed to break men into pieces — traps for gamblers and the overzealous.

All I ask for on this Xmas is for a very bloody and horrific trading season. Is that too much to ask? Am I being greedy in my desire to see everything cracked asunder and pushed into the sea?

If oil doesn’t bounce, the rally fails. That’s all there is to it.

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8 comments

  1. Lyndon Keltner

    Classic turnaround Tuesday set-up (and indeed with crude participating).

    But I never underestimate what Trump may say and/or do to rekt everything.

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  2. WrongView

    Well he did go to Wharton, you know, so Jerome really should listen to him.

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  3. s.k.

    This is kind of a make or break moment for Trump between the Fed and the prospect of a govt shutdown if he doesn’t acquiesce to the Dems. Will Teflon Don be able to pull it off again?

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  4. ferd

    Long oil. Stop at $48.80

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  5. juice

    Schwab is no running a commercial on ‘how to short stocks’ … therefore — prepare for the Santa rally

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    • numbersgame

      Ammeritrade has been running commercials that bascially said: if you can learn to play billiards, then we can teach you how to successfully trade stock options in a single video session. Must be like Capstone or something

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  6. roundwego

    Millanials are not into commercial santa. Trump worried about getting all the new prison upgrades done as theres a lot of deep state goons going to jail. Militarty tribunals and grand jury oh my.

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  7. numbersgame

    Long MU Dec 28 36 calls,
    short a smaller quantity of Dec 21 38 calls
    Looking for a $40 target after earnings

    Looking for AAPl to hit $167.5, but will ditch today ahead of the FED regardless

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