Markets Rally and Our Axe to Grind

Alright, we will make this quick, what we saw today was clear evidence that the marketplace continues to be run by large non zero sum players. So large in fact they do not care about what the general economy is undergoing or will undergo. What this market proves to us is the very simple and obvious fact that a decade of ZIRP and QE has led to the top major money center banks and funds having so much capital that the real market, the real economy, well, isn’t real for them. They do not operate within the same parameters as the general public, or main street. They have such large balance sheets that the capital they deploy, the credit they have access too, only truly is at risk when JOHN Q Public decides not to play along. When JQPublic doesn’t play along then the liquidity goes away, as long as the commoner pays their bills, has a job and continues to fund those monthly 401ks blindly well then the general level of interest rates doesn’t matter.

We hope that you are starting to see the obviousness of how a decade of QE and ZIRP were sold to everyone as “NO ALTERNATIVE” else everything collapses, was nothing more than a massive transfer of debt wealth to circumvent natural economic forces and bring forth decades of GDP in order to satisfy the massive amounts of fiat debts that were created.

I know its all so difficult to understand, but put more simply, when your main non zero sum player like the FRB prints at a rate of 12% annualized and grows their balance sheet from $900Bn to $9Tn a nice 10x run, well its concentrated in a very few hands that now control virtually every aspect of our lives. We can deny it all day long, but we really don’t have a choice, our lives are dominated by big tech surveillance AI statist technocrats and there really isn’t anything anyone can do about it.

So we can play along and we can live out our lives and pretend and hope that the overlords have navigated somewhat of a level path for all of us to walk on, but I doubt it. The obviousness of the control center has been clear since the start of Covid, that is humans are conditioned to fall in line and be obedient and to not question anything. Well that is not freedom, that is not free market and so we are stuck between multiple parallel universes whereby we try to exist as if our world is how they say it is, or we break thru the Matrix and see exactly what it is truly built on…that is one massive lie after lie and a system of consumerism that benefits a very few.

We are sorry for this rant but it is on our minds so we will just let it flow. Ok enough of that, today’s markets exhibited exactly what we call blind faith. Blind faith that the FRB will cave and lower rates and return to QE and assets will rise to the moon. WE know the truth, the reset of prices is always worth missing the boat of full on risk, however we cannot be complicit in denial of the fact that the very few control all the movement. So for now, who knows how high things can go…look at Nvidia and Google, new Market Cap highs:

The overall MEGA8s Market Cap:

And the MEGA8s performance today:

As far as the settlements today we rolled fixed income to December:

The bond markets have put in a nice rally off the recent high yields dropping to 4.239%:

As far as the GFBP, we have a few changes:

Ok will be back later…cheers

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