Now that everybody is long cuz inflation will be dead come 8:30 AM EST, who’s
left to buy? … everybody and their pet rabbit looking for whisper numbers on CPI
to sigma beat to the downside … never underestimate the ability of large groups
of people to do more “stupid shit” in large quantities! … brace for impact … new
ATH’s for “Stock Bellies” by the end of the year!
Well, that escalated quickly didn’t it? … not quite the low number everybody
thought it would be … call it a “happy number”, Wall Street loves labeling shit
like this for their “Muppets” … and it surely won’t stop “Stock Bellies” and the
FOMO chasing crowd, but it looks like STIRS will be “sticky high” for some time
to come … until the FED Lounge Lizards go in and start buying STIRS shoving
yields lower, and then the “Bubble 2.0”: can start again with fresh vigor, just in
time for the 2024 election cycle.
“Stock Bellies” long ago gave up any semblance to reality, it’s simply a casino
board game with 0DTE options and “gamma squeezes” for the masses .. in other
words, roulette for the “edumacated”! … those in the lower half of American life
need not apply … so far, USDJPY looks and feels like it wants to go lower, but
nobody is pulling the trigger … “hey, you go first, OK?” … and so we sit above
support that’s held for about 3+ weeks … I’m guessing the 2 YR. Treasury Note is
gonna need to break the 4.48% yield floor for USDJPY to go “Thelma & Louise”,
and so far it ain’t doin’ it … question is, do the manipulators do it in New York
trading or do the ChiComs do it for them in the overnight Asian session?
Meanwhile, in the cable TV sitcom known as real life in the D.C. Swamp, the
Burisma big shot isn’t as dumb as the Biden’s thought he’d be … nothing I’d
rather listen to than Biden on tape taking a bribe and selling out the U.S. for
cash … he saw the “action” the Clinton Crime Family was getting with all of
Cankles pet projects raking in the illegal cash, and figured it was a slam dunk
for his crooked family in a shithole known as Ukraine, especially with a
completely compliant, in the tank MSM … what could possibly go wrong?
… prison is too good for this Traitor!
Back in fantasy land, rates suddenly shoot higher, “Stock Bellies” go full retard
basket of kittens on meth to the upside, and the dollar rallies … sure, makes
perfect sense, if you’re insane … “wait, I thought the CPI came in “happy”
… why are rates rising then? … shhh! … don’t tell anybody about “the math” on
Trillions upon Trillions of new spending.”
Don’t look now, but the roller coaster STIRS of ±10 bps moves, 3 inside about 2
hours [yields up / down / up], which I can’t remember the last time this happened,
has led to temporary insanity in FX fantasy land, especially USDJPY … the
trained lab monkeys go nuts over free bananas when the bell rings, and let the
panic begin … straight down / straight up, what’s it matter? … now stuck in the
familiar chop of bullshit FX is famous for most of the time … it’ll only change
when the manipulator central banks are driven from the market, and that ain’t
happening anytime soon.
I feel like I’m on an FX merry-go-round of bullshit … pretty much everything
that’s supposed to make sense doesn’t, and just when you think correlations
should be working but don’t or vice-versa, you want to get off but the speed of
the merry-go-round will kill you if you get off, OR, you won’t be able to get back
on when you want to … to that end, then there’s Coinexx and dealing with the
thieving LP’s they got … not so much in major FX, but in everything else that
makes you stay on the merry-go-round! … ranges in FX have started to soften,
irrespective of today, and so expect the thieving via slippage to get worse as the
Summer goes on … to that end, I feel that I have no choice but to move the
PAMM trading back over to GBPJPY, cuz it’s got the greater ranges with a
half-decent spread … back testing the alternative algorithm shows that just
following it yields the highest results in GBPJPY from about 5 AM EST onward
towards the middle to end of the NYSE day … quite frankly, 1) we can’t trade the
CFD’s cuz they suck so badly, and 2) looking at the cross and the 2 components,
the components don’t give us any advantage over the cross, so why not just go
with the cross and deal with the warts & blemishes there? … this
“Whack-A-Mole” bullshit has got to end, and with this move I plan on ending it!
… while the components go straight up / straight down, the cross isn’t nearly as
bad, although it’s got its moments as well … but hey, so what? … how can it be
any worse than now in either of the major pairs making up the cross? … so, I’ll
deal with the blemishes & warts and hope the pig has plenty of lipstick on so
as to not make me cry when I kiss it! … no trades today for the PAMM, but that’ll
change tomorrow I can promise you.
Over @ IQCENT, Bitcoin still stuck in mud, so “The Syndicate” is trading the
“Spoos” [SP500] … 0.4 - 0.5 index point spread, no commissions, 500:1 leverage,
and I haven’t suffered any slippage as of yet that I can see … what’s not to like?
… too bad Coinexx can’t do the same, but thieving LP’s make that impossible for
scalping … multiple trades today, and “”The Syndicate” is UP APPROXIMATELY
0.3% … SHOULD HAVE DONE SLIGHTLY BETTER, but hindsight is always 20/20
… onto tomorrow and the FED Lounge Lizards from the Reichstag with an
interest rate decision at 2 PM EST … pretty much a done deal for a “pause”,
but we’ll see.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment