Hurricane Milton is en route for Florida, once again reminding citizens of Florida what a stupid state they live in. If not getting wiped out by ‘Canes, they’re getting CHASED AND KILLED by alligators or their faces eaten off by Miami Zombies. I can see how one might want to own a winter home in Florida, to escape the pangs of bone shattering frost. But to live there is another story, totally contemptible behavior choosing to live in the swamp amongst the gators and snakes. To choose Florida as your primary residence, it takes a certain type of person if you know what I mean: a gypsy land traveler without roots to proper areas of the nation.
As for markets, we have BIG SPIKES in crude oil, treasury bond yields and lithium. The fact the US 10yr is above 4% speaks to the hilarity of you losers attempting to buy bonds into a rate cutting cycle: TRICKED AND FOOLED again. This was a crowded traded and now you’re at zero.
The rallies in oil is intriguing and might signal a larger scale rotation into oil during the seasonally excellent period of time for the commodity.
Lastly we have $LAC and other lithium stocks taking off. I took profits on everything at the open and locked in +32bps of gains, which is better than the losses you’re sitting on now. I do see Chinese stocks flying and other low brow denizens of ill repute. I will not be lured back into the vipers pit just so that markets can red candle me to death. Since I have chores to do, people to speak to, I will remain in cash until later on.
If you enjoy the content at iBankCoin, please follow us on Twitter