Good day —The market was fine up until the last two minutes of trade — where money was stolen from us in the most indecorous fashion. I am sure regulators will red flag this post due to the wording; but the context in which I speak of is a 30bps drop in the final two...Read More

Markets opened lower and then rallied hard into there afternoon and then just petered out on very light volume, -45% over the past 30 days. The SPY dropped 61bps, we dropped by ~42bps, whilst increasing some positions and also throwing on a 3% SQQQ hedge for moderate protection.The trend is up, for now, so I...Read More

Markets went up for a 9th straight session on Friday and we produced gains of 92bps, upping exposure again to ~65%. What gets us back to 100% long? I am anticipating a deal to be made with China, but frankly lack the confidence in this administration to get it done in a timely manner. It...Read More

We must of course be vigilant and on the lookout for trap doors. Early this morning we were gifted with some nice gains, so I took them and reduced exposure to 53%, only making one purchase for the session and that was FANG — based off tensions in Iran. Something to consider: the XLE was...Read More

In spite of the GDP contraction today, we increased exposure — because the numbers weren’t exactly what people thought they were.ZH did a great job with the analysis — full article here.Finally, and most importantly, net trade (exports less imports) was a whopping 4.830% hit to the final GDP number, a 5% swing from the...Read More