DO NOT BE FOOLED: MARKETS WILL COLLAPSE AGAIN SOON

Greetings and Salutations.

Today the market is being led higher by commodities, so naturally the bulls are out and about thinking UPST and SQ will be next to go. The truth is, the absolute unvarnished truth is, markets will soon collapse under the weight of 1,000 raping gorillas. There is nothing holding the market from spilling over and vomiting up whatever gains it has enjoyed the past two sessions. I am sure PERMANENT BULLS will point towards BEARISHNESS as a reason to own stocks. While it’s true, there is something valuable to learn from betting against the masses, this cannot be a long term investment stratagem worthy of serious discussion. It’s glib and also condescending. It is my belief that markets understand exactly what is happening and the blips along the way are mere footnotes in a much larger narrative at play.

We have PLUNGING sales and earnings and also commodity supply constraints. and oh by the way war.

On my next point regarding the war, Russia is winning, in spite of all of the weapons we are piling into Ukraine. If by chance Russia ends up occupying the entire country by Fall, this is going to be a national humiliation not endured since Vietnam. Because of this possibility, it is my belief America will enter the war before that permit Russia takeover Kiev.

That being said, I am aware of the fact that markets might behave counter to prevailing trends in the short term and have mostly a very bullish portfolio now, filled with commodity stocks. I am +202bps for the session in my trading and +555bps in my Quant — which is all in commodities. My best guess for tomorrow is a small lift in morning and then resumption of selling throughout the day, similar to what we saw the last time markets lifted this much on May 4th.

BUYOORS BEWARE.