There is a large divergence between the wealth of American citizens and her government. The government is piss poor, run into the ground deliberately by lunatics, while her citizens are grande and rich because she is smart and industrious. The only way to close this gap is to raise taxes and make sure people are paying their fair share. Ergo, and this goes without saying, Biden is going to bulk up the IRS in order to audit you more.
On this news, stocks and cryptos bid lower. This is stupid.
Here is the hourly seasonal data for QQQ during the month of May. Dare I say buy the 1pm dip for the 2pm ramp?
I have reduced my market exposure, 25% cash, portfolio festooned with risk averse plays — OFF THE HIGHS but still +85bps. I will look to trade better and with better methods into the closing hours.
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