MARKETS EAGERLY AWAIT EARNINGS FROM $NVDA

I made it out alive today, +41bps in somewhat chaotic trade. I ranged from -55bps to +71bps and closed with tepid, but ok returns. I am hedged at 15% of holdings into what the market views as the most important earnings of all time: the AI chip maker $NVDA.

I own the stock from a long time ago and have no intentions to sell — because why bother? The company is on the verge of creating a new civilization and with the profits they make — I am nearly certain my good fortunes will increase.

Overall, the markets stampeded higher by +200 NASDAQs based on the collapse of yields, -11bps. We are completely directed by the bond market now and if I was a betting man — I’d bet you’re all gonna get fucked come September.

That’s right — the gloom and doom of the Autumn beckons. With the foiling of the trees and browning of the landscape, your portfolios will soon turn to shit. My best guess is for a spirited attempt to rally into the final week of August, since the $IWM is knifed down by 6.5% for the month. But nothing can save you from the horrors that are to come.

We already know the consumer has died and with it the profits of corporate America. It’s only a matter of time before these things are priced the fuck in as you are inexorably priced the fuck out.