Volatility Spikes, Bubble Stocks Collapse, Copper is Dead

But my war stocks (OA, RTN) are flat to higher.

We are enduring a hard drawdown in high valuation stocks today. Expect more pain before we get a bounce. My Bubble Basket, a short only portfolio that I designed, is collapsing today, thanks to TWLO.

Volatility was nearing single digits yesterday. Today, it is spiking.

This acrimonious and foreboding market is being led by a rout in copper — down heavily by 3.6% at the moment. There isn’t much to do on days like this, other than wait. This isn’t the beginning of a bear market, just a long awaited pullback. Prices will be enjoyed soon, as sellers often exhaust themselves after a few sessions or so. I am eagerly waiting for an Exodus OS signal to go 200% long this market, with all of the pomp, certitude, and grace that I can muster.