This is nonsense of the very first magnitude. Crude and markets have diverged from one another, as if the collapse in crude was something of a meaningless inconvenience for cocaine addled junior traders–manning the ‘trading turrets’ at our beloved hedge’d funds. This stupidity is bound to unwind, in the harshest of terms. As such, I’ve taken actions in my Exodus portfolio to profit from this fuckery.
By the end of this week, all of the faces of the celebratory bulls will be crumpled up into a frown.
WTI closed down 1.78% for the day–hugging 2 month lows.
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The weak yen is killing the American Domestic Oil Industry.
Time to invade Japan.
Yes, invade Japan
The ayes have it. We will Invade Japan [iJ].
No, this is all normal.
TLT and SPY making all-time highs on the same day? Also normal.
Gold rising while oil drops? Nothing odd about that.
Really, there is no fuckery, nothing at all to be concerned with. Know how I know? VXX is at 1 year lows, indicating the market is perfectly complacent with all of this.
I mean surely if there was a concern, there would be SOME volatility, right?
“Everything is awsome!”
Oil drops 2 percent and XLE actually goes up. Yes, this is all normal and wonderful.