Flipped Bonds — Rolled into a Big Ass Bank

I sold TLT for a 1.5% gain, TMF for a wash and rolled into JPM — initial purchase at 5% of holdings. I could’ve bought an ETF, or a regional — but why fuck around when JPM is clearly the dominant bank in the country?

We are enjoying yet another Friday melt up. Market breadth is at 74% and my Quant is higher by 0.5%. This is the last day of the March Quant portfolio, so stay tuned for April’s — to be announced inside Exodus on Monday. Take a free trial if you’re interested, or how about join for the month you fucking misers?

Don’t expect a fade today. As rates melt up, so will the banks. The combination of strong banks and tech is almost indefensible for bears. Expect a rout.