In spite of skyrocketing commodities, the CPI numbers were benign and now we’re taking off like a rocket ship. I had been fully long and margined, so I sold almost everything at 9:35am, a habit I have been enjoying severely over the past few weeks. I buy a bunch of nonsense, hold overnight, and then DOMP EEET the next morning, no matter what.
For the session I am up nearly 5%. I have since re-entered the market in a small way, thanks to greed, and have given back nearly 100bps since then. Alas, I am +170% YTD and drag with me a long and rich history of greatness and resiliency.
Fish less, eat more fish —- that’s the mantra inside Exodus, because you could never trade as well as I do.
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CPI excludes food and energy. It only tracks necessities.
Bitch less Fuck more – Joe Rockhead 1991
Inflation exists like the moon.
watered down CPI #s….you ain’t seen nothing yet