I hope you’re enjoying the seasonal weather and taking advantage of your opportunity to make some memories. The market will always be here, even when we’re long gone, but youth is fleeting and before you know it — you’ll be getting kicked down a flight of stairs while in your wheeled chair.
I always tell people to lower their expectations during the summer months. Traditionally, this is a do-nothing time of year, as most men of leisure of circumstance are summering in Nantucket or Newport, or some other North East locale worth traveling to.
As a matter of fact, for the month of August, bonds perform best, with a little side order of gold — according to Exodus‘ seasonality engines.
TLT
QQQ
IAG
Come September, volatility will be kicking up again, junior of the trading turret will be unceremoniously kicked off and things will begin to get back to normal. Even though it’s tempting to believe in a great big gay summer rally, it most likely will elude us, so use this time to research and plot for the fall.
I discussed the divergences in my last post. Expect more of the same, an ideal tape for incredible traders, such as myself, to thrive in, whilst leaving everyone else in the fucking dust.
Off to walk the dogs and chase down some rabbits.
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I have never lived or worked in the Northeast, but how do people go on vacation for three months and not lose their mind?
Still short bonds TMV, why did Trump think the Fed would care what he says?
I’m psyched for Friday and the big Q2, GDP number. After last week our president needs a 4% number to get back on the scoreboard.
The northeast is cold and unforgiving, which is why the people are smart and industrious.
“I divide my officers into four classes: the clever, the lazy, the industrious, and the stupid. Each officer possesses at least two of these qualities.
Those who are clever and industrious are fitted for the highest staff appointments.
Use can be made of those who are stupid and lazy.
The man who is clever and lazy however is for the very highest command; he has the temperament and nerves to deal with all situations.
But whoever is stupid and industrious is a menace and must be removed immediately!”
—General Kurt von Hammerstein-Equord