Tomorrow we get the jobs numbers.
Here is my take.
1% down, 2-3% up.
The numbers should be bad. If so, retarded trades will think this might cause the Fed to pause. The entire bull thesis now is depending upon FOMC mercy. They have nothing else going for them. If the numbers are strong, we will trade lower — but not too much since the assumption will be circulated that the numbers were BACKWARD looking and future numbers will be horrendous.
Either way, I think yields go up and I also think the Euro smashed its stupid face against parity with the dollar.
Ergo, I am 10% weighted in TMV, 10% EUO and 20% TNA, 60% cash.
I gained 100bps today, mainly due to some smart intra-day trades.
Ciao.
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I was up 3.5% today due to retarded ppsition in USc cannabis which is ow gone.
Any day with cannabis is a good day!
Jobs numbers means little. The Fed pause will be after a weak link breaks, a break so severe it is considered ground zero for this cycle. Should be a doozy.
I reject your Ciao You been taking some Lemmon 714’s?
THAT’s what they should reintroduce into the market! LUDES!!!
They’re trying to kills us all anyway. Why not have some fun but not remember said fun beforehand?
Did you buy your cancer insurance yet?
Damn straight!
The big news that no one is talking about is that Biden’s handlers had him say the following yesterday: “We’re trying to figure out what is Putin’s off-ramp? Where does he get off? Where does he find a way out? Where does he find himself in a position that he does not, not only lose face but lose significant power in Russia?”
This after 20+YEARS of their having their spokespresidents do and say the opposite.
Maybe a hint of sanity? …maybe a fluke.