GAMESTOP---PPER
Wall Street has always operated this way
I wasn’t going to even drop any opinion on this absurdity, so I will let Dave Barstool Portnoy sums it up pretty succinctly:
Dave Portnoy on a rant (please be advised, foul language, click and view at your own risk)
Well maybe DaveP has just realized what the system has been allowing for decades. When you game the system, whey you set all the rules so you can’t lose, well what does one expect. We won’t even show any charts of GameStop, its not worth it, expect all of this gaming to continue as money becomes both scarce and abundant at the same time, depending on what side of the wealth fence you sit on.
Alright we know volatility has picked up and the Vix is the star performer on the year now + over 22% now. Here are today’s settles:
The Russell2k continues to lose vs the Nasdaq, is this portending further and more broader based equity weakness? We will see but this chart is coming down toward an inflection point:
We also have been keeping an eye on the DAX which has clearly been put into stall speed:
The GFBP founding subscribers saw our position update this week. We are keeping a close eye on some flashing signals here and a tight leash remains on equity longs as put hedges seem appropriate. We also know the US Treasury is about to unleash some supply over the next two weeks so it will be interesting to see how the market swallows it:
Here is the most recent TBAC report for Q1 and we highlighted the numbers that matter, $1.127 Trillion in issuance and a net new money of $278 Billion. For those that don’t have the capacity to look at this objectively…well that’s a joke there is no way to look at this objectively. Just think of it this way, Wall Street - Main Street, there’s a reason for Socialism tilt, this is all the evidence you should require:
Keep your head on a swivel, with this much money flow and this much game rigging going on, there is some wood to chop!
Till tomorrow, thanks for listening.
Alright that’s it, we will post our settles when today washes out, for now thing about joining the ranks that subscribe and get our thought process when we see things that are relevant, that matter and not just the BS fluff you get everywhere else. Your support is greatly appreciated. We write about the equivalent of one book a year on this site and the volumes we speak should transcend a lot further than these pages. You should be able to implement a lot of this into your game plan not just in trading, but in all walks of your life. We are in this together whether you believe that or not, it doesn’t matter, we are all connected, so stay positive and know your atoms do have an affect on everyone else around you, so STAY CALM and SIGN UP TODAY!
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