Risk Assets Soar in an Otherwise Moribund Session

This market is quietly in beast mode. A few weeks ago I identified 5 stocks that embodied the risk inherent in the tape. I dubbed them TWDFM (these will definitely fuck me), so that you’d remember them. If, by chance, you are short any of these in recent weeks, you’re certainly feeling less than zestful about your financial future.

For the day, TWTR. WYNN, DB, FCX and M are up nearly 4% as a unit, spearheaded by FCX.

The old favorites of last year, FANG, have woefully lagged behind, indicative of the fact that investors are more interested in dumpster diving for distressed assets than buying serious companies with solid prospects.

All in all, markets are digesting recent gains with gallantry. The bias is certainly to the upside, with a watchful eye on the apocalypse, for it could rear its ugly head at any moment.