An Update on House Fly

I am presently organizing the logistics of moving down into the sweet slow molasses south. Meanwhile I sold the maker of Lee and Wrangler jeans for a 5.5% gain. I believe it was a 2 or 3 day hold. Practically everything in my trading account was up today and I have lots of controversial names in it.

My time is being divided by organizing the move, the closing of the home, family health issues, and the re-writing of Exodus. Some might believe this is a lot to deal with and trade simultaneously. But I thrive wonderfully during periods of duress and enjoy having pressure.

Bias is up. Risk should be applied. My commentary might be light over the next few weeks — but my picks are still fire. I am in the Pelican Room inside Exodus more often, so if you need to ask me anything — ask me there.

Ciao.

Fed’s Powell just said the June jobs report did not change his view on interest rates, which means he’s gonna cut.

And then there’s this:

“Crosscurrents have reemerged,” Powell said. “Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”

I cannot give you a rational explanation as to why the Fed, all of a sudden, acquiesced to Trump. Maybe the specter of having Dr. “Gold Bug” Shelton on the board made them bend to Trump? Maybe not. Maybe, just maybe, they’re all fuckheads. But that’s not the point here today. We have to trade the market in front of us, not the one we want.

The fact is, the Fed will be cutting rates into a roaring economy, with stocks at record highs.

Digest that for a moment.

Who wins and who loses?

The dollar should be denigrated — seeing it down 0.4% today confirms that. How about inflation? Yes, inflation should come in hot — helping gold prices explode. Gold is up 0.7% and oil is up almost 3%. This is going to be inflationary, cheap vaudeville money sloshing around and looking for yield.

Value stocks will be in play.

Overall, this is very bullish for stocks and that’s why we’re rallying.

I sold out of CRWD for +3%. It was purchased yesterday before the bell. Each and everyday I buy a stock for an overnight hold. Thus far, the results have been nothing less than staggering.

Roughly 30% of ACIA’s business is with China’s ZTE. The fact CSCO was willing to pay such a premium for that piece of shit means they think the US-China trade riff will be resolved in short order.

Do the catamites at CSCO know anything?

Maybe. They certainly know more than you.

This out today, regarding trade war news.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke to Chinese Vice Premier Liu He and Commerce Minister Zhong Shan on Tuesday, a U.S. official said.

They are working toward ironing out a trade agreement between the world’s two largest economies.

The official said the sides will continue talks “as appropriate.”

If the trade war gets resolved, I’m thinking some Chinese sensitive plays will pop the fuck off. You’ll want to be long pretty much anything in tech, especially semis. Markets rebounded, as predicted, today and now we’re coasting. I just stepped in and made a purchase and I am just about 100% invested — no fucks given.

I had a long day, an arduous one, and it’s only really just beginning. Perhaps this wretched market can give me a glimpse of happiness and pleasure in all of this black somber pablum existence.

You have to be a religious man to invest in this wretched market. Atheists get BTFO on the regular — because there’s no place for nihilism in a market like this. You must pray upon the altar of profit and hope to dear God that everything melts up and castrates the bears. Whenever you bear witness to bad news, it is your job, as a God fearing man, to step in with family funds and buy risky tech stocks into a leveraged account. These practices have all but rendered the investment advisor, AKA STOCK BROKER, worthless — yet they still exist. I wonder why?

Markets are indicating lower this morning and the doomsayers are out exposing themselves in public again, whacking off in front of the kids. It won’t be long until they’re castrated and sent to work camps, preferably Amazon cage facilities, for the balance of their organic, grass fed, lives.

As for “The Fly” — he is a simple humble man, superior to you in all manners, cavorting if you will, throughout time in his machine — blogging here for the plebs, gifting you the brilliance of excellence. I am a generous man and will help anyone who asks for assistance. Do not fear my heavy hand, for I am both graceful and kind hearted, beneath this calcified alpha exterior.

Oil is up, so buy the dips. Very simple and safu.

Listen to me.

This is not even a maybe. Bitcoin is encroaching upon 13k this evening and I am long. I am long BTC and a shitload of ELF coin. Do not ask why — for it is too complicated for your small minds to understand. Just know this, listen very carefully. Ok?

If BTC does not touch down on record highs this year, I will bite into my own arm and chew it off on Facebook live — or wherever the fuck you kids broadcast from these days. What do you fuckers watch, The Instagram aka “The Gram?” I’ll do you it there you pathetic little shits.

I got a link from a fine blogger at Marketwatch a few weeks ago, who referred to me as an ancient person who left Wall Street “decades ago.” What in the fuck are you people smoking? I’m 43 God damned it and I have the energy of a 5 year old school boy.

Back to my promise.

I will chew thru the bone and rip out the ligaments with my own face teeth — should BTC not hit record highs.

Why am I willing to do something so deadly to myself?

Because it’s not even a maybe — that’s why (dot dot dot) pal.

See, that’s who I am — and you’re nothing.

FUCK YOU GO HOME AND PLAY WITH YOUR KIDS!

Nite.

I am an expert on so many things now — from stocks to bonds to veganism to cryptos to literature. I am a distinguished gentleman of many hats and I cannot be bested. I tell this to you now, not to inform of you these fact, but to warn you against crossing me.

For the day, I booked a gain and a loss and bought two ridiculous stocks. I am neither here nor there, not anywhere. The fact of the matter is, I am a zealot for stocks and know how to pick them and when to not pick them. This is not an occasion to get too excited. Not much going on, other than cocaine straws and lazy Mondays.

My bias is for a strong bull’d up market, but my hopes and dreams is for one clouded in black smoke and chards of metal bustling throughout your city streets. Since I cannot have the latter, I’ll take the former and try to entertain the world with my prose and unbelievably witty commentary.

You can try to find someone in the finance world as good and knowing as “The Fly” — but you’ll never, ever, find him.

GOOD DAY.

On Friday, members of Exodus were alerted to the fact that “The Fly” had purchased ROKU at $97.94.

On Monday, those same members were also alerted that “The Fly” had sold his ROKU position at $102.51 for an overnight profit of 4.7% — or an annualized return of 1,187%.

See pal, that’s who I am and you’re nothing…

…GO HOME AND PLAY WITH YOUR KIDS.

Moving on, the market is southern molasses sleepy and tired, hemming and hawing — real tired — mighty fine tired. There is no need to do anything presently. Let’s just wait towards the end of this day, when the corn bread is stale and the grits are hardened to take a gander at another overnighter.

It’s like they don’t even exist. I am entitled to my own opinions, aren’t I not? I believe this isn’t something that should concern me — down 175 at the open — Mcplunging shares of DB — global crisis looming and all.

Then we have this information crossing the desk.

BlackRock lowered its global growth outlook, based on expectations that trade and geopolitical frictions will continue.

The firm said central banks are responding to the weaker outlook, and are loosening policy, creating a constructive environment for U.S. and European stocks.

BlackRock upgraded emerging market debt but no longer favors emerging market equities, lowering them to neutral from overweight as the outlook for global growth dimmed.

Whoa, would you look at dat!

And then there’s this.

Morgan Stanley tells clients that despite Wall Street’s confidence in easier Fed policy, investors haven’t fully priced in weaker GDP data.

“The positives of easier policy will be offset by the negatives of weaker growth,” wrote chief cross-asset strategist Andrew Sheets.

Sheets adds that over the next year, there is just 1% average upside to Morgan Stanley’s price targets for the S&P 500, MSCI Europe, MSCI EM and Topix Japan.

How’d do ya like that?

And then this (BAM!)

Economist Art Laffer says he doesn’t understand why the Federal Reserve remains independent.

President Trump has repeatedly and publicly criticized the Fed and its chairman for raising interest rates.

“You get this back and forth all the time,” Laffer says of the two.

FUCK OFF.

I am watching bonds, oil, and gold for key tells. It’s also worth noting, I finally sold my house — which might mean something ominous for markets. I haven’t thought about it yet.

Very scary headlines out tonight, as DB gets set to implode and fire everyone. Futures are in a hardened yawn session and the German futures are fucking higher. There are some out there who believe this news means something — but they’re wrong. It means nothing. As a matter of fact, it means less than nothing.

Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading business as part of a sweeping restructuring plan to improve profitability.

The bank will also slash 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce costs by 6 billion euros.

Deutsche expects its restructuring plan to cost 7.4 billion euros by the end of 2022.

The German bank also expects to report a net loss of 2.8 billion euros in the second quarter of 2019. It will release its second quarter results on July 25.

No one gives a shit. Get out there and buy some fucking Bitcoins and tech stocks. If scared, buy some Tootsie Roll and leave me the fuck alone. It’s amateur hour out there. All of the important people are out fishing or skydiving. Junior at the turret isn’t allowed to sell anything, so don’t expect a big event before September 1st.

Almost everyone I come across unanimously agrees that Seinfeld was a stupid show and almost entirely unfunny, aside from the occasional Costanza skit.

Early this afternoon, Barry Rithholtz decided to call me out on this shit and posted the following.

Funniest television comedy shows: A quick & subjective thread.

Yesterday, my friend @The_Real_Fly was day drinking, and drunk Tweeted this nonsense:https://t.co/K6RmL71oAR

— Barry Ritholtz (@ritholtz) July 6, 2019

Top 10 (~dozen)

The Office (US & UK)
Simpsons
Veep
All in the Family
The Mary Tyler Moore Show
Coupling
Arrested Development
Mash
Curb Your Enthusiasm
Seinfeld
The Larry Sanders Show

— Barry Ritholtz (@ritholtz) July 6, 2019

RUNNERS UP

Extras
30 Rock
Frazier
Everybody Loves Raymond
Family Guy
Community
How I Met Your Mother
Blackish
Big Bang
It's Always Sunny in Philadelphia
Louie
Brooklyn 99
Modern Family
Episodes
I’m Sorry
The Good Place

— Barry Ritholtz (@ritholtz) July 6, 2019

This of course is nonsense. Listen to me. I am an authority on entertainment and all things to do with humor. No one is funnier than me and no one has seen more movies and television than me. I consume information at an industrial rate. The fact that Barry thinks Seinfeld is funny isn’t his fault. He is merely a byproduct of his environment. He probably was raised in a housing tenement and never saw some of the other shows. If you only ate grilled cheese sandwiches for your entire life, how could you ever know the splendor of a thicc steak?

Here is my list, with authority.

Three comedies that are BETTER than Seinfeld:
Eastbound and Down
The Office
Curb Your Enthusiasm

— The_Real_Fly (@The_Real_Fly) July 6, 2019

1. Band of Brothers
2. House
3. Game of Thrones (in spite of final season)
4. The Office (exponentially better than Seinfeld)
5. Peaky Blinders
6. Curb Your Enthusiasm
7. Deadwood
8. BREAKING FUCKING BAD
9. Better Call Saul
10. Downton Abbey (fuck off)

— The_Real_Fly (@The_Real_Fly) July 6, 2019

NOTABLE MENTIONS

EASTBOUND AND DOWN
The Wire
Sherlock
Rome
Carnivale
Boardwalk Empire
Sopranos
John Adams
Silicon Valley
Hannibal
All in the Family
Twilight Zone
Honeymooners
Luther
30 Rock

— The_Real_Fly (@The_Real_Fly) July 6, 2019

And for the top children's teevee show of all time, and this is not up for debate. TRANSFORMERS pic.twitter.com/oqsAgiM9hc

— The_Real_Fly (@The_Real_Fly) July 6, 2019

Lesser bloggers will ask for your lists to get the site some traffic. I don’t need that shit. I make like 15 bucks per month on ads for this shit hole. Keep your opinions to yourself. Your opinions and meaningless, since I am the authority.