Right now Nasdaq futures are +70 and virus stocks are down in the pre-market. It appears the crisis has passed us like a ghost ship in the night and we’re all faced with the lovely spectacle of Robinhood investors making their fortunes vis a vie idiotic option gambits gone right!
However, bonds yields are slightly lower again, which speaks volumes about the tone of the smart money here, presently hiding and cowering in ultra-low yielding government obligations. There is very little risk appetite out there now, aside from the millennials making mockeries of themselves on WallStreetBets each and every day. Nevertheless, who am I to poke fun at the new generation of traders, while I was just as crazy and idiotic when I had my start in the business. I am merely taking part in the old human tradition of casting aspersions onto people younger than me. But truthfully, I am not really worried about the millennials. The Gen Z’ers are the ones we need to fear. Those bastards don’t care about anything but gender fluidity and other asinine subject matters, all pertaining to the toxic cancel culture that is part of their every day lives.
What fucking rubbish.
I am not impressed by a small dip following a TITANIC decline. If bond yields don’t rise, the rally will fail.If you enjoy the content at iBankCoin, please follow us on Twitter