I kind of regret not closing out my shorts on Friday. There appears to be a narrative shift taking place here. While it’s true, Britain’s PM Boris Johnson, once a flu bro, is now in the hospital due to 10 consecutive days of high fever, there is a trend in recent news events.
Infection rates, at least those being reported, in Spain, Italy, and NY have subsided a bit. Additionally, fuckers in Silicon Valley are preparing monstrous buyout funds.
Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund
— The_Real_Fly (@The_Real_Fly) April 5, 2020
On the other hand, oil is down 8% after the much advertised 10 million barrel per day cut by the TEXAS RAILROAD COMMISSIONER seemingly fell flat on its fucking face because Putin hates their guts and wants shale producers to die. But I could see that railroad FUCKER talking shit again this week, so be on edge for that. The weather is improving and we’re entering week 3 of fuckery. Trump is antsy as fuck and wants to send people back to work. There is going to be an explosive rally at some point, which might decapitate plenty of shorts. It will last longer than people think and offer a false sense of hope and blanket of security. The truly bad news will come later, after companies report fucked numbers post crisis.
Nasdaq futs are +122 and anything can happen, literally anything. I am neither bullish nor bearish right now and feel that markets want higher, but should really go lower. My feelings, however, have nothing to do with it.If you enjoy the content at iBankCoin, please follow us on Twitter