Let’s Get Ready to Rumble

I was a strong risk day and all involved made some coin. I netted the week up more than 2.5% in what I consider sub par trading. My gains are above 6% for the year, so I am on pace to DOUBLE my account, which makes me happy, not for the money I am going to enjoy, but for the anger it will invoke in many of my enemies.

To be clear, I will never liquidate my account and spend it on things Mrs. Fly wants. The money I invest will outlive me and be domiciled in dynasty trusts, guided by me from beyond the grave.

I closed the session with a high risk profile, a portfolio with a beta in excess of 1.8. I do not fear drawdowns because I am a highly skilled, highly competent, highly professional trader of the very first magnitude. You should know, and I hope you now believe it, “The Fly” always wins and during the rare occasions when he doesn’t — things are about to swing back to the upside for him — lavishing House Fly with the many comforts and accoutrements one expects from a man of such standing.

GOOD SIRS —

I stand before you once again at RECOURD HIGHS. Nothing can stop me from manifesting my life from bottom left to upper right.

On a closing note, I am very bullish on shares of Rumble and have clear visions of the future with this one — laying waste to the shorts — cutting their heads off and placing them on pikes as a warning for all others to fuck off and leave he free speech platform alone.

Have a good weekend.

The other day when Google collapsed after earnings rates fell hard. Now with good numbers out of $AMZN and $META — rates are going bonkers to the upside, +16bps to 4.02%.

Are we really doing this? Wall Street is assessing the chances of rate cuts based upon earnings releases, based on the assumptions of the overall economy?

I’ve seen it all.

In other words, since the economy is good — the chances of a rate cut have lessened, even though inflation has been defeated and the banks are struggling to manage through the elevated rate environ.

Ok.

I sold everything in my trading this morning, after being wantonly disappointed with the action. I’m up 1%, but expected to be +3%. I took the 1% and stepped aside and now wonder if everyone else has gone crazy for continuing to bid up stocks with rates doing this.

Are you even looking at the bond market bro?

I’m a bit rudderless on the tech side of things at iBankcoin. But in the meantime, I can offer you poor folks of the curious nature a free trial to Stocklabs. I’d provide a free trial link — but the one I have isn’t sufficient in allowing you to set up an account. So the work around is this (you’ll just need to trust me on this one, some anonymous lunatic online)

Sign up here.

Submit payment and I will refund it (promise) and you’re good to go for 10 days of free service. I’d just let anyone in but the problem with not requiring payment credentials is it attracts mountebanks and people of ill repute.

I strongly suggest the Pro plan at $99, not just because I receive more money, but because you’ll get the full suite of tools inside the platform.

Good day.

We started off the day with bank collapses and ended with fucking melt ups in $AMZN and $META. Ladies and gentlemen, the evergreen nature of the market is a religion. We place faith in it, blindly, based off assumptions disconnected from logical thinking. I almost always revert back to selling short, only to quickly be reminded of the realities on the ground — that nothing really matters and stocks going down is a mirage, a temporary phenomenon that is always met with unfettered buying.

I traded poorly today, but fixed myself entirely long into the bell — ginned up with a doubled sized $FNGU position — because fuck you.

Into the AH’s, I am once again STEAMING into RECOURD highs.

How constant are my gains?

Take a look at this pal.

See pal, that’s who I am and you’re nothing.

We have to be bullish because that’s the trend. If and when it changes, I will be the first person you know to sell short with massive vigor and tenacity.

I should’ve known better than to expect some sort of downward path for stocks just because BANKS WERE COLLAPSING. As always, markets have managed to asses the risk and say ‘fuck you’ and simply sprint higher.

I got a little bogged down in $TZA and $FAZ but have since parted ways with those dastardly bad ideas I had and have now rejoined the soirée, fully expecting grandiose ballroom dancing amidst plumes of Champagne showers.

I have reserved 25% cash for eventualities.

Last year this time banks were utterly collapsing into the floor boards and western finance as we knew it was over. It was merely a matter of waiting before bearing the fruits of the coming apocalypse were to be digested. Since then the magicians at the Fed and treasury managed to paper over the catastrophe of higher rates and absolutely ruined balance sheets via tricks.

Well, one year later these issues seem to be reoccurring, with shares of $NYCB cut in half over the past two days and a series of regionals crashing.

$WAL -13%
$FFWM -12%
$VLY -11%
$AFL -10%
$BKU -9%
$ZION -9%

Here’s a look at the regional bank ETF, down 11% YTF.

BOTTOM LINE: We are living in fantasy land with stocks obstinately higher as everything burns around us. Whilst I’m not fixated on selling it short into the grave, I am cognizant of the fact that a shoe is going to drop, at some point, and really want to avoid being on the wrong side of the trade.

Good Sirs —

I have an appointment and cannot stay long. I only post this now to inform you that I performed at the very top of quartiles amidst the cadre of professional managers of coin in America — for the month of January. I closed the session +12bps and +544bps for the month, 50% long into the deleterious close without any hedges.

I am not assuaged by the bears today because the bond market says “fuck you.” I halfway expect a large spike in markets tomorrow. I say half because my convictions are low in just about everything but shares of $RUM. By summer, I envision $RUM north of $15.

At any rate, if you lost month for January — you have only yourselves to blame. There are men are here, specifically me, who are well equipped, both intellectually and emotionally, to deal with the horrors and the pangs of latter stage Pax Americana.

All of my trades are broadcasted live inside Stocklabs. Feel free to mirror me and quit being such pathetic losers.

Good day.

Post Fed, markets legged lower amidst the clamor of perhaps a more hawkish Fed than we expected. This is all bullshit, reasons to sell and behave badly. The tape was already ruined by $GOOGL and this is only exacerbating an already bad situation. Whether this is a one off event or the beginning of something special remains to be seen.

I have heavily hedged at 17%, actually making me NET SHORT. I am not disillusioned to the idea that this initial move lower may be false. Nevertheless, I am not in a position to gamble, as I am intent to keep my gains — now just +22bips for the session.

I have ideas for the end of session and will try to turn those ideas into action, in spite of the headwinds.

Breadth is at 40%, not terrible but not good. For the month, small caps are down 2% while the NASDAQ is up 2%, continuing a trend that persisted all last year up until the great small capped breakout in November.

We have some issues with the mega caps today, off because of the FAG7. The evil Google corporation is down 6.5% after an earnings miss and it should concern all involved. Although the small caps are up today, this is a temporary fix, as markets will not be able to rig higher without the main riggers in the game.

Nevertheless, I am nearly 90% cash, +32bps. How did I achieve this whilst riding into today 100% long? A little luck and some $RUM.

More later.

Good day —

Whilst I did not receive an airdrop of $300k for a fucking NFT, I did manage to make some money in the session, +33bps in an otherwise grim tape. Most of my colleagues out there reading this now were dispatched and bogged heavily into losses — swimming in a sea of Red.

This is where the wheat separates from the chaff and the reason why “The Fly” manages such grandiose returns year in and year out: I am never tricked or fooled and rarely miss out on any fun.

Into tomorrow, I am 100% long — mostly an array of very high priced securities. Sure, I do risk a drawdown — but nothing that I am unable to handle in real time. Play time is over and only serious men doing serious things, such as managing an elite trading room in Stocklabs, will make it through the fires and beyond.

Most of you reading this now will be washed out CLEAN by year end and never trade again, chalking it up to a “rigged game” and how it was impossible to beat the big bad bankers. Well, I have been beating the shit out of the big bad bankers every fucking year since I started doing this and find no reason, whatsoever, why you cannot do the same.