iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,563 Blog Posts

Markets Celebrate America’s Hegemony

There is no clearer way to describe this week’s rally than to suggest it was a celebration of sorts of America’s grip and hegemony over the world order. The war in the Ukraine is going poorly for Russia; ergo, markets have determined America’s united economic response and ferrying of deadly weapons to the Ukraine is enough to maintain US supremacy. We are pricing in the end of Russia aggression. This could be a foolish trade or perhaps a prescient one.


Week to Date gains, courtesy of Stocklabs

Week to date, the NASDAQ is up more than 7.5%. For the month of March, the NASDAQ isn’t even up 1%. If we fade next week history will never know of the glory traders experienced this week. In my algo driven account, I am up another 4% plus, making that +25.5% for this week alone. I will be selling out of my TQQQ position next week.

Longer term, the commodity trade will work, not only because of the war, but due to the sheer economics of their free cash flow. For now, at least closing out this week, we celebrate the halcyon days of when Chamath took selfies of himself naked and SPACs were all the rage — because we were going to space in electric planes, smoking cannabis, enjoying life watching Netflix and mining for crypto currencies all the while printing guns in our 3-d printing presses inside our metaverse because someone burgled one of our NFT paintings from inside our estate in Decentraland.

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. duuude

    Bwahahahaaaaa

    Disneylandshit

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  2. it is showtime

    If the fed was audited 13 years ago, you’d still be under 50day moving avg

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • cll

      Incorrect. It is mathematically impossible to always stay under the 50day MA over a 14-year horizon.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. cll

    I think the song goes like “America. Fuck yeah!”

    Also, “fuck everything else. Win, win, win, win.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Mr. Cain Thaler

    The future is on the wrong side of history.

    • 0
    • 0
    • 0 Deem this to be "Fake News"