This is what American markets do — we optimistically plunge ahead like the Eddie Barzoons we are and get walled later on in head on collisions because we didn’t see it coming.
The official GDP came in this morning at -0.9%, placing us in recession. Initially stocks plunged but now we’re jimmying higher, see, based off the notion that stocks can only trade up.
We already won the war and inflation was defeated yesterday by the Fed, and the Chinese are scared of us, after Biden spoke to Xi today for over 2hrs. We have it all sowed up. The markets are higher because everything is back to normal.
I’m +95bps, hedged with a bias to the downside. Today’s bust out sectors also includes Monkeypox, based off the rumors we are about to declare it a national emergency.If you enjoy the content at iBankCoin, please follow us on Twitter