Markets were racked with uncertainty today, but I managed +245bps — thanks to keeping my book small (80% cash) and being quick about my trades. I had a good start, got as high as +320bps, faded a bit in the later afternoon — but closed strong.
Some out there are proposing doom soon, but it’s simply not in the cards. ‘Tis July, a sleepy time of year for both bull and for bear. Expect more drift less weariness for the balance of Summer, only accentuated with real downward pressure in September — giving way to inevitability.
Meanwhile, enjoy your vaccines and looming lockdowns and all of the wonderful trimmings of society, as she presses the faces of her citizens into the fire — docile slave-cattle obedient thanks to poverty and a penchant for degeneracy.
If the headlines of the day depresses you, find solace in the fact, as a species, the human-kind chose this direction. Who are we to interfere with evolution, or in our case, de-evolution — casting downwards from the pinnacle of society earmarked and emblazoned with financial impropriety and the dissolution of logic based laws.If you enjoy the content at iBankCoin, please follow us on Twitter