Based on overnight trading the trade is sitting with a 2.3 % profit, down from 5.0 % at last weeks high for the trade. Will update post as this important day unfolds. What we are seeing basically is a collision…Continue Reading →
That is the date when the long financials (bonds and gold) vs the short assets (S&P and Commodities) triggered. Here is the index chart updated at 11:00 AM CDT, S&P was at 3147 at that point. It is up around…Continue Reading →
This morning in our most aggressive accounts, we have sold our gold position and moved the money into triple leveraged SQQQ short NDX 100 stock ETF. The reasoning is that GOLD so far in the move appears to be more…Continue Reading →
This from Bloomberg News this morning: By this point, you’re probably tired of hearing the economy described in alphabet shapes. V-shaped, U-shaped, K-shaped etc. Nonetheless, it’s worth pointing out how easy it is to be deceived by certain types of…Continue Reading →
It is obvious that the US Economy and COVID-19 need a cure. That is not going to be easy. Obviously the COVID cure is out of our hands, all we can do is try to be safe. While the chances…Continue Reading →
Last night there was an excellent article posted by Bloomberg’s John Authers. Because of its importance we have posted it to our front page.
Who we are talking about are all the investors and traders that over the last 9 years (since start of QE2) have become believers in a funny money world. As we continue to try to convey, COVID 19 was a…Continue Reading →
As the markets today are taking facts into account it is probably good to look back at the Big Lie, the assertion that things were good in the economy before COVID 19 came along. If you want to look back…Continue Reading →
An important time for me, that is when I gave up on the Republican Party and moved to the Democrats. I am not enthralled with them either, especially the old guard that are tied to lobbyists, but there are enough…Continue Reading →
We are in a time where the word “unprecedented” seems to be the most used word. Within that structure the real question is how much of the unprecedented info is real. The push to get back to normal creates an…Continue Reading →