All of you catamites who dove in at the highs last week are now swinging from your ascots. The rally that should have been was not and all of the tech bros were dispatched into the frenzy of a second Trump administration. Banks and homebuilders rallies and tech crashed through the fucking floorboards.
For the week the gay heavy NASDAQ shed 4% with 10% losses in the $SMH. The semis, which were up 10% for July, is now down by 4.5%. This is what pain looks like and if you’re heavily margined into the fires, you will be baptized.
I closed the week +175bps, even edged out gains of +22bps today, as I am a consummate professional especially during times of tumult. I will have you know that I posses no hedges into the weekend and feel that a mean reversion lift might occur on Monday.
The impetus for this is simple: although stocks are pricy there isn’t any news of the material nature to warrant further deterioration.
Have a good weekend fucked faces. If you find yourself too retarded to trade well, join Stocklabs and BEHOLD greatness.
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