FOMC CIRCLE JERK

It was the most hawkish Fed meeting since Volker and markets loved it. Markets loved it because the people in the markets are retarded and cannot be trusted. I traded in and out of upside and downside ETFs, doubled up on my commodity trades and now find myself just about FLAT for the session. I have yet to determine which direction the market will close and more importantly — what is coming tomorrow.

ALL LOGIC points to incredibly lower stock prices from here. Powell doesn’t give a fuck about stocks and quite frankly wants it lower. The reaction to stocks is telling, and foreboding. It’s basically on par with a decadent society of soft brained fucking idiots. But I’m not mad, really.

POWELL WANTS TO HURT YOU and slow the economy. This is not a reason to buy bonds, stocks, and jerk off to sharply higher rates.

But here we are.

Inflation is high, but if you’re rich it doesn’t really matter. Since most of you reading this are poor — you should be concerned about what the Fed has in store for you this afternoon. Will they destroy you little portfolios and extend your retirement age to 100? We shall see.

The overarching move in stocks has been HIGHER on Fed days; but all good things must end and for now I am mostly cash — having closed out my hedges and some trading winners. I would like to be short, and I still might do it. But who am I kidding with this bearish demeanor — when you and I both understand the Fed will figure out a way to RIG stocks higher.

From here it’s difficult to see how they might achieve this goal, since all data points leads to us being fucked and on top of that we have a fucking brain-dead President. Not that it matters, of course. Presidents are useless figure heads for who wields the true power. In our case, shitlib mentally addled fucked for faces with satanism tendencies and retarded numerology superstitions, both vacuous and delusional to their own depravity.

Go USA GO!

Naturally the market is up on news of Russia sending 300,000 more soldiers into the Ukraine. It’s all a big joke for people living in the west. We get to enjoy our comforts whilst at the same time talk shit and send weapons to other people to use and kill and/or die with. It’s the video game culture but in real life and it’s not a priority to us and not serious, which is why stocks are up.

I am forced to be long against my will, because I’m surrounded by demons. I could fight the trend and be all in short, but what use would that serve?

Today is also Fed day, so I’m sure we have another 500 NASDAQs baked in this devil’s food cake somewhere.

It could’ve been great. We all waited for Putin’s speech that never came, hoping he’d say something like “Go fuck yourself” in full military attire. Instead, all afternoon we were entreated to one scam wick after the next after the next — total waste of time.

I did a little of this, little of that and ended up almost exactly where I started -33bps.

Whatever.

I am heavily leaning long commodities, 15% short via SQQQ, and not expecting much.

We should COLLAPSE into fiery pits of human flesh melting off their bullish bones. Howsoever, we’ll probably get more of the same buying of the dips nonsense.

As always, I will be monitoring the situation closely.

Thank heavens. We have seen some quality FUD being promoted today — as Vlad positions to wage total war in the Ukraine. The reality is likely to be far less inspiring than the theories being floated now. However, I an eternally hopeful.

I am finally feeling 90% better after two weeks of COVID, son of a bitch. I have traded well, mostly long, but only down 15bps because I am a professional and I understand how to trade.

Into the close, we are hopeful for a full blown collapse, predicated on so many things. It’s worth noting, however, I am keenly aware of the devils around me with bottomless pockets who cravenly hide in the shadows waiting for an opportunity to produce “fuck you green candles” into the faces of innocent bears.

I cannot and will not be fooled.

I am holding onto a SQQQ hedge mainly for sentimental concerns. I had been buying stocks all morning, glibly and without emotion — because America deserves higher stock values. Look at all of the effort we have put into this rigged system of ours. It would be a damned shame if we let it go to waste, just because of some silly war in a part of the world no one cares about and hasn’t been relevant since the Mongols conquered it in the 13th century.

It would BEHOOVE you to gaze upon stocks and believe they’re heading lower. Granted, this is a stock pickers market and some days retail is good, other days oils, and other days tech. It really is designed, when you come to think about it, to drive you insane. You could circumvent much of the frustration by concocting a diversified portfolio. But what’s the fun in that?

I’m still holding out for a chance we collapse into the afternoon; but I’m not holding my breath. The beautiful morning losses are almost gone now and the bulls are on the move higher.

Over the next week several parts of what was Ukraine will vote to become part of Russia, including the Kherson region. The Russian MOEX is down nearly 6% today, up from down 10%, on news that the Russian Duma will escalate the war with a bill passage tomorrow.

Here is the chatter.

Looks like Russia may be ready to take things up a gear in Ukraine.

The Duma just passed a bill introducing the concepts of “mobilization” and “martial law” into law. The upper house could approve it tomorrow, after which Putin will sign it.https://t.co/AcyPw45HLW

— max seddon (@maxseddon) September 20, 2022

Tatyana @Stanovaya whose predictions of the war have sadly for all of us been consistently true says the Kremlin with the Duma vote today and referendum announcement is gearing up for an "all-out war" unless Ukraine and the West back down.

— Nataliya Vasilyeva (@Nat_Vasilyeva) September 20, 2022

Vladimir Putin now in a meeting with bosses of the military-industrial complex, urges them to boost production of weapons and ammo, “urgently” supply the armed forces and ensure “100% import substitution in this sector” pic.twitter.com/rgz6TnOg1m

— Mary Ilyushina (@maryilyushina) September 20, 2022

???Russia announces they will accept “foreign volunteers” to serve in the army…

In Sakharovo, they will begin to accept foreigners to serve under a contract in the army.

???????Syria,North Korea,Africa,Venezuela … here we go pic.twitter.com/dIiL1zfDhv

— AZ ???? (@AZmilitary1) September 20, 2022

It seems to me from an amateur point of view, this is a long time coming — all things considered. Russia has been fighting the entire NATO military-industrial complex from the beginning, so it only makes sense they would legally escalate their capabilities should they need more personnel. This of course bodes terribly for everything else in the world and should make you feel uneasy in Europe, providing you need gas to heat your homes.

The Dow is -320, NASDAQ -110 and there is also weakness in WTI. I would, however, take any weakness in WTI with a grain of salt, considering Biden is literally emptying US stocks at a record pace to artificially reduce the price of crude. This program will cease soon and by early 2023, the US will have to buy back 10s of millions of barrels of crude.

I’m holding firm with a net bias long, -50bps early going.

All of your beautiful losses just dissipated into the wind. The markets closed at session highs and the horrors of past week, when the Fed was fucking stocks, had 180 reversed and now everything is great, fantastic, and we’re heading back up again.

All you have to do, see, is buy the dips. When the market drops a lot and you feel nauseous buying — you are likely doing yourself the biggest favor in the world.

Oil will collapse. Weapons will be delivered. Stocks will crest higher into the elections.

I will need to adjust my perverted world view in order to survive the coming squeeze. I gained 20bps, barely interested enough to finish this fucking blog.

The disgusting bulls are at it again, bidding up stocks because they can — spoiled rotten brats always having their way. Gains are mostly led by commodities, which is a silver lining since part of the bear case is seeing the price of everything skyrocket well beyond the affordability index, paving the way for widespread famine and perhaps pestilence.

My Quant is +84bps, trading 7bps, and I have been buying commodity stocks all afternoon.

God willing, markets will collapse the close and bulls will get the Ethereum treatment into the bell.

The 2yr yield is fucking retarded inverted vs the 10: 3.94% v 3.48% and no one cares.

“MUHHHHH WE ARE NOT IN RECESSION. THE NBER SAID THE ECONOMY IS FINE. MUHHHHHH?”

As an ardent bear, one who wishes to see the destruction of markets, this is what I have to deal with. Markets are barely down today and many sectors are up. This is the reward I get for holding down the bear Fort, down 40 NASDAQS?

Late late last night one of my dogs decided to vomit for the balance of the evening, so I was busy with my handy dandy Bissel machine just steaming things up. Having dogs are like having babies, except babies aren’t as disgusting and they one day grow up to be somewhat civilized and pay taxes.

I’m up 7bps, a quiet day. This is exactly how I like it.