We have a CPI number coming in hot tomorrow. I have two scenarios in mind.
1. HOT AS FUCK — markets bust loose to the downside — sending Wall Street into the pits of hell.
2. Benign and Biden tweets some dumb shit like “THIS IS BIDENOMICS” as he shits himself.
Scenario one leads to a total dislocation of markets and soaring rates. Volatility will spike and those leveraged long will wish their mothers had gotten abortions all those years ago.
#2 leads to a small uptick, collapse, and then recovery of stocks back to hitting doubles off the wall.
Because I was HEAVILY LEVERAGED LONG and commodities are up over the past month, I took a gambit with 10% long UVIX to stem any losses that might result in a broken elevator tape.
Understand something, I am a professional.
Fly’s trading account, aka “Recourd Highs”
My longs are varied, but the overall theme is risky as fuck. I want to apply this risk as I am afforded to do so. I have some core ideas and strong convictions; but my strongest conviction is to trust what I see when I see it and to take profits quickly.
GOOD DAY.
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Like it, keep winning! At 45 I think if ever see flying taxis I’ll jump off a mountain but that doesn’t mean I can’t appreciate your vision. Just keep that shit out of Wyoming.