The Nasdaq thinks it is Immune
To COVID 19 that is.. Time will tell, in the meantime the Macro trade continues to work.
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June 5 Macro Trade Being Tested
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 →
June 5 still looms as an Important Date
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 →
Hard Down from Here on Stocks
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 →
What Kind of Recovery are we Having ?
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 →
The Cure Equation
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 →
It’s the Corona Virus Stupid
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.
Suspended in Disbelief
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 →
The Biggest Lie
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 →
The Depth of Lies now Surpasses the Weapons of Mass Destruction Mania of 2003
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 →