I can tell this is going to be a fine trading day — having already BANGED OUT an 8% 30 second trade in AIHS. I’ve got several new irons in the fire now, hedged with TZA, and have been stalking my screens for new ideas. I do like lithium related plays now — but that is subject to recency bias and by the time I am finished writing this blog — I might hate them.
The only notable thing occurring today are rates edging higher. The 10yr is + nearly 3bps to 0.77%. Presently, not a big deal. However, should this trend continue — a very big deal, so keep an eye on it. It is worth nothing, however, higher rates usually means higher spreads — and that’s very bullish for banks.
It’s a slow as fuck day. It looked like it was going to be gangbusters last night — but, thus far, milquetoast. Perhaps we might get some excitement before the day is complete.
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