The dollar is soaring against the Euro.
Yen is higher.
Bonds are higher, as yields tank.
Listen to me now — the only thing preventing this market from totally dislocating is oil. If oil was lower by 3% or more today, we’d fully break, cleanly and brightly, down by 500+
Meanwhile, I continue buying POS biotechs. I just bought SEEL. Why? No idea. We’re playing all of these stocks in Exodus today.
Presently, I am most confident in my TVIX, SOXS, and TZA — but I’m also hoping for some negative correlation against the market with SEEL, TNXP, and SNSS.
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Dollar strength is very bad news for our multinationals. Yet another drag on corporate earnings growth.
IWM ready to crack
AMZN been trading like crap for two months. Zombie.