Boring morning, except for crude plodding along the bottom of its recent range.
Truth is, while markets are strong and biased to trade higher, if crude breaks lower again — the rally will dissipate and it won’t be long until people start worrying about the fucking junk bond market again.
I have a few things to sell this morning — underperforming assets. I’ll likely move them to cash and wait for resolution.
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Oil will likely provide our wall of worry. Too much supply. But that will keep 125 gallon fillups at the lake relatively painless. Less painful. Take your pick.
DDL was bad ass in that flick, scary fucker
Sold GUSH -7%. I’m down 1.5% in UVXY. May unload that today. How ’bout them chips?
Bye bye UVXY.
TECL may outperform TQQQ.