I can comfortably say my cold streak is over. Early this week I got tossed into the blender and sank another 4% on top of the 10% shed in September. I was at my low point and I stared into the black abyss with my black heart and I won. I reversed and went higher — because I stopped chasing momentum. I will no longer chase pennies like a dog after bone and instead opt for more macro strategic plays, until I make back what I lost.
I made +110bps today via a blend of shorts and longs, leaning towards an inflation narrative and short bonds. I am fully invested, but also hedged, and the tape was ugly as a bitch into the final hour. We can expect fireworks next week and we’re not looking forward to it because the market hasn’t been forgiving.
We have a holiday on Monday, HAPPY Columbus Day — a great man indeud who is wantonly hated inside House Fly. Since I’ve never met the chap and prefer not to mold my opinions from scandal — I can only assume he was a great man because of all the fine statues of him around the world. Just like in 300 years people will reflect upon George Floyd and view him as something of a civil rights hero, I too have the opinion of Christopher Columbus that he was a great navigator.
The fact the Indians got REKT and lost their lands is wholly due to their field commanders being fucking morons.
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CORRECTION: Markets no longer close for Columbus Day and instead starting 2022 will close for Juneteenth pic.twitter.com/cIaHBG4Dm0
— The_Real_Fly (@The_Real_Fly) October 8, 2021