iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,563 Blog Posts

CPI WILL COME IN HOT AS FUCK

Markets plunged by 600 for a variety of concerns today. Firstly, the elections proved Pax Americana is in fact dead and this nation is in its final stages of collapse. Secondly, people are spooked over the impending collapse of FTX — which has sent SHITCOINS sea-worthy into a deluge of fire and brimstone. Lastly, people are concerned tomorrow’s CPI numbers will come on “HOT AS FUCK”, as some might put it, which will then cause the Fed to hike rates until your eyes bleed.

In so many ways it’s over. The job losses are only first beginning and next we shall see COLLAPSES of large institutions. For example, everything is concerned about CS — but SIVB is down more than it YTD. There is a profound sickness about every aspect of this market. The permanent bull class of investor has been stabbed in the chest and buried.

On the topic of me, my favorite subject, I banked +75bps today in professional trading. I am hedged and smart and I will never blow up — not now, not ever. Whilst my methods might not produce 10% daily gains during short rallies, I am as right as rain and never blow up.

Here I stand before you, presiding even, +53% YTD and a quantitative passively invested portfolio up 11%, as the cunt at ARKK stacks dead bodies atop of losses — DOWN 65% YTD.

As for the CPI: the past month has been red hot for commodity prices. Expect inflation to be a problem until these pries drop.


Data via Stocklabs

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14 comments

  1. roguewave

    IF FTX / Alameda is Lehman Brothers —
    who is AIG? CountryWide? FannieMae and FreddieMac anyone?
    Oh, they are out there — hiding in plain sight.
    CH

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  2. john galt

    Most concerning to me is how to fix a population of people that don’t and apparently can’t understand. Doesn’t make sense the people at the bow or helm. Can’t right the ship no matter how hard you try.

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  3. quietstorm

    I have a feeling FTX blowup was orchestrated by the FED to wipe huge Crypto assets value from everyone – very inline with inflation fight. Fuck interest rate hikes just wipe them out.

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  4. liske

    Not feeling the Hot CPI. Don’t you ever watch ‘Meet Kevin’ on YouTube? ?

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  5. rigged game

    Fly: Have you ever considered quitting the prediction business?

    And I hope you watched Miracle Man Joe Brandon’s presser
    Wednesday afternoon. What a logical, calm and thoughtful guy.
    Not like the raving lunatic that preceded him!

    Keep up the absolutely SUPERB work, Joe!

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  6. txchick57

    Fooled again.

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  7. dchanko

    if it was a GOP administration , there would be an endless stream of conspiracy crap this morning about how the CPI data was delayed until after the elections

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  8. macpatton

    Ha Ha

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  9. macpatton

    Ha Ha

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  10. macpatton

    Ha Ha

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