REMINDER: MARKETS ARE RIGGED

I see lots of things that make me believe “this is it — this is the fucking crash”. But then I kindly and quietly remind myself the trannies in DC always win and the banksters in NYC always find a way out and rig this market higher.

I’m up 15bps thanks to a very light and hedged book. I’d go 100% short here only if I was insane. Since I like money and making it, I’ll probably remain in cash and then look to buy dips here.

Why?

We are oversold. In spite of pax Americana being over, they always find a way to save the stock market. This time will be no different from the others. HOWEVER, I am open to suggestion and might even acquiesce to my more carnal feeeeeeelings should rates begin to jimmy higher.

I live here now, always have lived in the Newark airport, meandering about in search of deep fried delicacies and cheap beer.

I made 13bps today and presently operate on 1 hr of sleep. It’d be nice to be home or even on a plane — but instead I sit on a hard wooden chair and I wait. After I waited long enough, I shift to the right and wait again and continue to do this until the meaning of life loses its purpose. I’m to stay here indefinitely and just deal with the 55 degree environ in short sleeves, wondering about the warm sun outside and what it might be like to sleep in a bed.

I expect a sharply rally soon, based upon the laws of Stocklabs. I’ll be closing out my shorts in the AM.

I had a long night, slept about an hour and now need to return the fucking rental car and then spend the next 8 hrs in the god damned airport waiting for my fucking plane. I also left my favorite sunglasses at the god damned restaurant last night, which means I’ll have to drive right into the damned sun squinting with the flap down on 1 hr sleep absolutely hating my life in thick traffic.

But I won’t complain — as it is not befitting of a gentleman such as myself.

Markets are meandering about and I have very small positions on, lightly hedged. If I attempted to trade heavily now, given my current mental state, I’d probably wipe myself out clean by noon.

Today is a day that I let the emotions and the angst bottle up inside, grin and pretend all is well. I’d like to destroy this fucking market and dump it in Staten Island with the rest of the trash — but I cannot control the lot of you who constantly buy dips and pretend any of this bullshit makes a bit of sense.

Having said that, I’m gonna buy some more $SQQQ now.

Good day —

I’m here in Bay Ridge Brooklyn now where the women are in FULL BURQA attire and I’m not even mad at it. You can either see whores clad with nothing, trannies with rainbow hair, or conservative women in Burqas. Your call.

I made 44bps today because I was short biotech and really hate the market. If rates are heading up, you’d be wise to sell short or face the horrors of a bottomless pit of a market.

Let me remind you — things are worse than you think and the fucking Ukrainians are being attrited to the point of absolute collapse. As such, NATO is in danger of becoming a grandiose laughing stock and with it the merchants of death who rule over it.

Hopefully in our lifetime we can see America freed from the occupation it’s under and we can once again hate on each other for the merits or de-merits of our person, casting behind identify politics and runaway individualism.

Off to dinner. I’ll be back to fill trading tomorrow.

I’m double parked waiting to encroach on new journeys in NYC today. Meanwhile, it appears doom encroaches on stocks, specifically because the US 10yr is soaring +8bps and the dollar is careening higher against the euro +0.8%. With oil up, it appears we have a small inflation scare again.

Stocks are somewhat tepid, down a little but not enough to instill fear. I do propose we knife lower in the afternoon. I feel it would be apropos.

I’m nearly all cash with only a 5% $LABD position. Since I’ll be out and about having so much fun, I doubt I’ll be able to really trade — seeing that I’ll be as happy as a NAFO shill beating off to HIMARS launchers.

Truthfully, markets should not think about going up with rates up. Don’t even think about buying this tape.

You must believe me when I say that I spent an entire day in a personal hell, a series of events thrusted upon me in what appeared to be sadistic ritual — but it wasn’t. For some, it was just another day — spending quality time with the very worst person alive today — a person as we speak staking out his own house in secret in order to catch prospective burglars for the purpose of shooting them dead. This is a person who used to convinced cocaine dealers in the old days to cook it into crack to affix 20 yr sentences to them out of fun. When he got back from his 2nd of 4th tours to Iraq — he boasted about all of the people he killed and even showed me the pictures of dead body trophies of his. As a boy, he told me he used to drown cats for sport, so pardon me if I stick to the point that this is the worse person alive today — and I’m related to him by marriage.

Aside from that, I had my first meal at 11pm, drove around stupid and insane mountain ranges with little fucking windy roads built by morons for hours, fearing I’d splash into one of the walls and over the top and down below, innumerable times. Then, after reaching Manhattan again, I was entreated to thick plumes of marijuana and water hydrants busted open and children robbing people in the streets and people milling about high on fucking crack and all sorts of degenerate shit.

It’s true, I don’t like degenerate shit and I don’t like being around it either. It’s also true I have to wake the fuck up before 7am to move the fucking car and then spend another 2 hrs fighting lunatics for another one.

Luckily I leave this hell hole tomorrow for another one: Brooklyn and then Staten Island.

I can’t even think about markets.

I dropped my daughter off in college at Boston, bought he some supplies and made sure she was all set. Whilst at two different $CVS stores inside the city, I bore witness to 4 people ransacking the place without ramifications. In the last looting I witnessed, a small Asian security guard made a large black homeless looter leave, but without giving back his loot.

We then circled down to my favorite niche place in the northeast, Stonington, CT and Mystic, CT — both splendid places with genteel people and no looting.

After several more hours of drive, I am now at a family members house directly on the shithole island of Manhattan. It took me 2hrs to find a parking spot and I’m exhausted.

Tomorrow we will take my mother in law to do whatever she wants to do, shopping, visiting sites, making sure she’s ok. We’ll be here for a few days and then I’ll go to see my mother, sister, cousin and then back down south by Wednesday.

Basically I won’t be trading or blogging too much. In case you’re thinking I’m enjoying myself in luxury and comfort, just know that I’m not and instead imposed upon with a dreadful penance. But I’m ok with that, because I’m accustomed to toil and do not feel comfortable when comfortable.

Off to shower and then bed.

CIAO

A boring tape is a tape you do not sell short. Although the NASDAQ is lower today, I’d venture that this is, ahead of a holiday extended weekend, nothing more than the calm before the storm.

I am, at the moment, fully long without hedges. I might grab a hedge by the close — but probably not. I depart for Boston and then NYC, so I will be busy catching planes and making sure Mrs. Fly doesn’t make me late.

Barring a late day collapse, I made more than 3% for the week, a refined move higher after weeks of surrender. I look forward to re-establishing the long tradition of winship back at these confines. It should be noted that Stocklabs nailed the trough on 8/16 and those following the signal made coin without having to break a sweat.

I wish you all well and hope you find happiness and fortune in this market. But just know that whatever salients of success you progress through pale in comparison to what The Fly transcends into on a regular basis. It’s good for you that I, as a point in fact, discuss markets in a public venue so that, perhaps you, might glean from me small tidbits of greatness and wisdom — like chum bandying around a great white shark.

Signing the fuck off — happy Labor Day work slobs — be well.

The trans people at the Federal government keep trying to get away with it — but they’ve been apprehended and will not be let go. The payrolls report was a scam, has been a scam since 2020, and that’s all there is to it.

Note that every single monthly report since 2020 has been REVISED lower. Zh has the full rundown.

Sadly, there’s not much to do with information such as this, but lament about it online to a blind and deaf audience. Markets are somewhat fucked this morning, with a large move higher in yields and a collapsing of stocks at the open. I was fortunate to have runners in my quant, up nearly 150bps. That account and my trading are now 100% cash. I will make my monthly quant allocation after 12pm.

As for the balance of the day, you will have to contend with buying stocks as rates surge — something extremely retarded. For this alone, I want no part of it and might not do much today.

I closed the day +33bps, but down more than 8% for August. I started off bad and remained bad until this past week. Overall, the NASDAQ and SPY were down 1.55%, but the small capped $IWM shed 5%. It was a poor month for stocks, leading up to, what is traditionally bad, September.

Here is the data for September over the past decade.

Because of my mean downside bias, I hedged at 17% of holdings in $TZA — with directional longs of the mega capped to tera capped varietal. We are shifting here — I can feel it. The tone of this market has been poor — but the mean reversion to the upside from the recent depths of our lows turned out to be successful.

What I am suggesting is, for whatever reason — markets are adhering to the status quo. Bullish. You can pretend it isn’t — but it is. We might see stocks take off tomorrow, further confirming my theory. I do, however, believe that September will not be accommodating to markets as we really get into it. The earnings season has been mixed: ok for tech but really bad for retail. Very soon the focus will shift severely onto the consumer, as we fast approach autumn and the holiday shopping season.

I make no stern commitments. I am open to all ideas, a sailboat guided by the winds and not obstinately following a pre-destined direction.