42% of Ukraine’s exports are grain related. They are the “bread basket” of Europe. A few months ago Russia agreed to open a “grain corridor” to Turkey so Ukraine could export their grain. Due to a series of underwater drone attacks in the Black Sea, Russia has canceled the agreement and blames the Uk for facilitating the attack.
Full statement:
FULL RUSSIAN STATEMENT pic.twitter.com/T1uC7sy5s7
— The_Real_Fly (@The_Real_Fly) October 29, 2022
This development will undoubtedly cause inflation to rise in Europe, as the price of food rises due to lack of grain supply.
I’d also like to remind people of the returns for the NASDAQ over a number of time periods.
Do stocks deserve to be +42% from 2019 levels?
The NASDAQ is down 14% over the past 6 months. I’m in fact only up 3% over the same time frame. My bias has been to be short, but I’ve also hedged myself almost every day because of rallies like Friday. In October alone we’ve had 7 rallies of 2% or greater. Is that the behavior of a bear market? No. But we are in one, without a doubt.
We were up 12% in July and people thought the market bottomed. Then we sunk 15% from August through September and now we are up 5% for October. How confident are you that stocks will continue heading higher into peak shopping season? Will consumers steam out in droves to stockpile on the latest tech gadgets amidst this economic backdrop? Conversely, if you’re short stocks, how comfortable are you shorting into the hole with bell weather stocks down 50-80% YTD?
For all those disappointed that I’ve had muted returns the past 6 mos, fuck off. This has been a very hard market to navigate and my responsibility isn’t to be the organ grinder’s monkey but to preserve and methodically grow my 50% YTD returns. My breakouts usually happens in wild streaks and I always temper myself after achieving success. In 2021, my returns were +218%. But look at the monthly distribution.
I started 2021 at $150k, rose to $450k by May 1 and then traded around that level through year end, finishing at $492k.
In January of 2022, I dipped to $440k because I was wrong. That was my bottom and I busted loose in February, rising to $633k by April 1 and have methodically traded higher since then — closing Friday at $737k.
I can comfortably assume my returns are in the top quartile of all traders/money managers on the planet the past decade plus. If I’m so good and telling you this is a hard tape, this is a fucking hard tape.
Stop complaining.
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Inflation is out of control and we need a reset so very badly. The money addiction of politicians today has been destructive and they just have to give the shit-mess a period for deleveraging; but they don’t want. So then, the alternative is hitting rock bottom. Most irresponsable shitheaded people in charge right now. I can’t read about them anymore. Reading ZeroHedge boils the blood as does main stream media. The sides have to relax their fucking stances.
Also Fuck War.
Whoever clicked fake news thinks US has 54 states.
Thank you. Good night.
A look at grain in the great depression, ag overview
http://www.futurecasts.com/Depression_descent-end-'30.html
As Europe implodes where will their big money go…
Look at US markets in Euros…
Brandon and the Democrat/Socialist/Islamist party don’t give a sh*t about inflation, gas prices etc. as long as the main impact is AFTER November 8th. This is why he released the S.P.R. which endangers national security in a time when there is a shooting war in Europe.
The mainstream leftist media – as always covers for them and unfortunately there are too many MORONS in the USA who are more interested in whose playing a sports game or twerking their -ss to care…
Davos/WEF and Democrat. D-squared. (In our case Liberal, same exact thing).
You repeat some good points, but you remain a lemming. Get your ists straight.