Expect marginally healthy markets from now until June, at which point the war in Europe will take a turn for the worse and jitters will creep back into the equity valuations. We have a small window available to us, in between inflation scares, bank scares, and war scares. The incompetency of the US ruling class all but ensures an eventual cataclysmic ending to this story. However difficult to understand, you will need to accept that the fact that we have been, and have always been, the bad guys.
I closed +118bps for the session. With a portion of the proceeds, I will venture off to COST to procure dry goods for the coming fires. Know that I have your best interest at heart and will help anyone, providing they ask.
127% leveraged long into the close, no hedges.
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