Retail Trade Firming into Oil Weakness

Classic retard trade looks to be taking hold, in spite of it not making any sense.

But here we go.

NASDAQ -117
Natty -6.6% — SHOCKER
Oil soft

Retail strong.

We have names like CMG, SBUX, WING, and JWN all strong in the face of overwhelming bearishness. I’ve seen this trade before and the philosophy is such that it makes my head hurt, but here goes.

Because energy prices are down — plebs have more money to spend. Also, since governments are now announcing bailouts for plebs, paying their energy bills, the assumption is the poors will run outside and buy stuff. That is exactly what they’re going to do.

I am taking this trade in a small manner, about 55% long, 5% short Bitcoin and the rest cash. There is a high probability this “retarded trade” backfires on me; but I am going to take it nonetheless because why the fuck not?