CPI came in hot as fuck at 9.1%, the hottest rate of inflation since 1981. This jump has caused the odds of a 100bps hike at the next Fed meeting soar to 35%.
As a result, the entire market melted away and is now gone. NASDAQ FUTS are down 275 and VIX is soaring.
I step into today’s melee 25% SQQQ, 10% UVIX.
The Fly is back.
If you enjoy the content at iBankCoin, please follow us on Twitter
UVIX is the trade. It was oversold nd has a lot of upside.
– but the Democrat/Socialist/Islamist party wants to just keep handing out more of taxpayers “free money” which goes to (??? COVID)??
Just keep printing folks – there’s another election coming so you’ve got to give those soon to be legal (& illegal) voters more “free” stuff!
I am scared to death of getting into uvix while vvix is acting so irrational. Vol of vol has been totally dislocated. If it normalizes uvix is gonna scream higher, but I don’t like being in the dark about why it hasn’t done so already. (And I don’t buy the story that commodity hedges are the reason)
Based on this morning’s action in rates, PMs, stocks …the decision has been made to accept the dollar’s demise and inflate. Buy, er …anything …before your dollars are converted to digiSDRs at a rate based upon your authority compliance score.