Stock market 101.
Deflation is bad for stocks, inflation good.
Because the Fed is opting to inflate while markets and the economy are doing well, the perception is for rapid inflation, as seen in the TIPs, gold, dollar, and stock values.
As such, you cannot, even for a day, trade against this perception and think you could win. Stocks will and have remain irrational for longer than you can remain solvent.
Into the bell, I bought an IPO from today, which caters to this way of thinking, and I also bought a few Chinese burritos, a value play, and I booked a profit in UPWK.
Here are some of my recent trades — nothing is left out.
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