Overnight futures had suggested broken elevator pin action awaited us. Instead, markets bid up from the opening tick, once again proving futures traders are worthless refuse. We managed +60 crossed again a SPY +15bps. It was a solid day for risk and we made little changes due to the satisfactory nature of the current trajectory....Read More

On Friday Trump announced he wanted credit card companies to lower their interest rates to 10%, saying the current rates of 39.99% were a “scam.” Over the weekend we had renewed chatter by the administration of action pending against Iran, to topple the regime and bring peace to them via democracy. You are hoping I...Read More