THE CHOP IS BACK

Just when you thought it was safe to go for a swim — the sharks are back and biting into legs. The market has legged down the past two hours — giving up 2/3rds of its gains. But need I remind you, the US 10yr is still down 3bps and the market is still up.

I had to hedge up fast to preserve my gains. I failed to save them all — but have +24bps of gains left. I am pretty sure the lot of you are down now — staring into your bullshit PC wondering what happened.

I will tell you what fucking happened. We are in the latter stages of Pax Americana. A shift of grand proportions is taking place and you’d be wise to stay out of their vindictive radars, else end up like Joe Biggs sentenced to 17 years in prison for MUHHHHH Jan. 6th. As you well know, January 6th was the worst American disaster since the Civil War, when American patriots exercised their state’s rights and sovereignty and were genocided for it.

American history is an ugly ordeal and it’s best not to think about it too much. It would be better to believe in all of the fluff and cry upon seeing the American flag, holding nothing but love in your heart’s for the founding fathers and present leadership who want nothing else but to preserve freedom and democracy around the world — advancing civilization with dignity.

I won’t attempt to delve into truths — except for one undeniable fact. Government produces nothing of value, other than overseeing its people. The people have produced extraordinary advances in industry, science, and have created the envy of the world — a place where everyone wants to come in order to succeed. We still attract the very brightest of minds. A brand like America, after all, is a very hard thing to destroy. But like $DIS — they are doing a great job at tarnishing it. Without fairness and safety, America doesn’t have the same luster it once did. Luckily, we now attract the very best from nations who have failed states, so we can draw from them aggressively without pause. A generation or two down the line — we might regret it. But everyone reading this will be dead by then, so who cares, right?

33% cash, 10% hedged the rest long with a bias for market recovery into the close.