The NASDAQ is +285, oil down 5.6% and yet news out of Russia is anything but conciliatory. This is typical of Wall Street, always seeking the short term trade in favor of longer term outlook. By judging today alone, one could never tell we were edging towards a World War or perhaps a recession. But bear in mind, it’s just 1 day.
Russia imposes sanctions on Hunter Biden, Hillary Clinton, and other US officials
THE ECB TELLS SOME BANKS TO RAISE SCRUTINY OF ALL RUSSIAN AND BELARUSIAN CUSTOMERS, EVEN IF THEY ARE EU RESIDENTS AND NOT SANCTIONED – SOURCES.
RUSSIA FORMALLY TELLS THE COUNCIL OF EUROPE THAT IT’S PULLING OUT – TASS.
PUTIN: KYIV NOT SERIOUS TO FIND MUTUALLY ACCEPTABLE SOLUTION
Russia sanctions President Biden and U.S. Secretary of State Blinken – RIA
Russia bans Canadian Prime Minister Justin Trudeau from entering the country
Into the close yesterday I bought TQQQ. I have since sold that position and instead opted to get long China into this bloodshed. I am in YINN — already +6% but still holding to see if it can jimmy higher into the close. There has been unprecedented carnage in China/HK, with shares of BABA leading the way lower — now below its IPO price. In the past few hours we have also seen a big reversal to the upside in the oils and other commodities, but I am not chasing those either. I am +83bps for the session, 80% cash, patiently waiting in the tall grass.
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Feels like shorts just taking gains before the Fed.
Is that a f’ing ad in your comment???
Delist Russia
Delist China
Fuck them both