Although risk assets are selling off today, the integral TWDFM names vastly outperforming–especially FANG.
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As long as the TWDFM core remains intact, immune to petty setbacks, I believe the rally will continue in risk assets. Watch them closely, for they are vital components to the mood of this tape.
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Gdx
Looking at TWDFM, for all the negativity and bashing of Deutsche Bank, it’s relatively surprising that short interest is still under 1%.
It traded at about $50 bucks a couple of years ago. If DB isn’t going bankrupt, then at this price, perhaps it’s no longer the time to still be short.
Yesterday, short squeeze in stocks. Today, short squeeze in bonds and gold.
The entire mkt is one big short squeeze.
Gold is up $30 and 30s up 1.5pts? This mkt is scared.
w/out TWTR i’d be in the red today
said no one ever in 2015 or January 2016
I put a stop-limit order in on my TWTR position 2day of $0.44; effectively locking in a ~15% gain on my shares purchased at $15.62 while allowing further room 2 the upside