October is off to an Insane Start

Consider the following. We have been entreated insane upside and downside moves for the month of October and have gone nowhere so far. If you fell asleep while driving and sashayed into a coma for the past two weeks and just woke up today, you’d think nothing happened. Boring tape.

Consider the chart below of raw commodities, going nowhere slow for months. Does this mean inflation has abated?

Look at UNG — total scam.

You mean to tell me 550 million people of Europe are on the cusp of freezing; meanwhile UNG is getting knifed down daily? No, I don’t buy it. SCAM.

They keep telling us of these fucking shortages.

MUHHHH — YOU’RE NOT GONNA HAVE A TURKEY THIS THANKSGIVING.

MUHHHHH — TOILET PAPER AND CLOROX WILL NOT BE AVAILABLE UNDER 2029.

MUHHH — WE HAVE HELIUM SHORTAGES.

MUHHHH — WE HAVE SEMICONDUCTOR SHORTAGES.

MUHHHH — HOUSING SHORTAGES.

And then the exact opposite happens. Look at MOS — the price level is was before the war, in spite of MUHHHH WE HAVE A FERTILIZER SHORTAGE.

We’ll jump off the psychotic rant for a moment and chalk it up to MUHHH DEMAND DESTRUCTION. The economy is so bad, we can’t find kids to flip burgers because MUHHHHH — LABOR SHORTAGES.

Fuck off.

I went in long, 10% UVIX hedge.