This was NOT the storybook ending to an otherwise joyous day. Markets dove lower and lower since lunch and offered little to no respite into the close, ahead of a jobs report.
I positioned for inflation and higher rates, but a TZA hedge of 10%. I own some oil, some tech, and a few Chinese stocks and will certainly lose money if market trade down tomorrow; but there is a chance, a small one albeit, that today’s fade was nothing more than uncertainty and we’ll get back to punching faces the fuck off tomorrow morning.
If we gap lower tomorrow, depending on my PNL, I might want to hold and wait for a turn-around. However, if I am up in the morning, I might just op for 100% cash, as this market is uneasy and filled with a variety of ways to annihilate traders.
No penny stocks. No pumps, only strategic positions based off economic themes for the near term future.
I close the session +160bps, about 30bps off session highs.
If you enjoy the content at iBankCoin, please follow us on Twitter
Natgas shortage? Doesn’t look bad to me.
https://ir.eia.gov/ngs/ngs.html
The US doesn’t have a storage problem.
Bad news, but not unfortunately not surprising. There were and are numerous warnings.
Conrad (a PA) saw a dramatic rise in several different health problems as the COVID shots were rolled out. One of the most surprising problems has been a sudden rise in cancers among vaccinated patients whose cancer had gone into remission before the vax
Other conditions that have dramatically risen among vaccinated patients include heart attacks, strokes, blood clots, pneumonia, sepsis, gastrointestinal complaints and bleeds, appendicitis and pancreatitis
Uh huh.
Gates and Fauci are not out of the woods yet. They may be paraded around atop of pikes someday
They might have a STATUE built of them on top of Pike’s Peak
because of their fabulous SUCCESS fighting Covid.
They made anti-vax fools like you look REAL stupid.
Did you get the shingles vax?
If not, YOU are an anti-vaxer.
I did. Usually get a flu shot too.
GBTC trading at a huge discount to BTC if anybody gives a fuck.
Barring pipeline troubles I think natgas has peaked. Stockpiles building quickly with the mild weather.
BTU on a good run. This could end soon.
Withdrawal is coming to America and I’m not just talking about asset prices.
Coffee futures have doubled and if we don’t get our fix we’re going to be very angry.
I WILL PAY ANY PRICE
I’m wading into KOLD. Quarter position. Weather will dictate.
FWIW I think the taper is still on.
Electric utilities will eat big oil’s lunch as EVs proliferate.