I should’ve know a long weekend could equate to geopolitical strife. On Friday Trump announced tariffs against 8 European nations for getting in his way about seizing Greenland. Tariffs will come in light at 10% by Feb 1st and then heavy at 25% by June, which gives markets plenty of time to hash out exactly...Read More

The US carrier strikes groups should be in place to attack Iran by late next week. Today markets did a lot of nothing, especially since war of the looming nature is on deck. I do not think airstrikes against Iran will have a long term negative impact on markets, but it could cause oil to...Read More

The SPY and IWM are at highs — but the QQQ is still below the Oct 31st highs, which is noteworthy as the “rotation” out from MAG7 and into mostly garbage stocks have gripped investors minds, turning them into oil loving zombies.The effective trade that has worked, for almost as long as I can remember,...Read More

The old Fly would be furious on a day like today, up 120bps early on with over 40bps over alpha over the SPY. Although we only closed up 27bps with 1bps of gains over SPY, after evil forces worked against us, ask ourselves — are we not wealthier today than yesterday?Ergo, and this goes without...Read More

War was on the table, up until I visited the office bathroom and came back to news from RC that “oil has collapsed” on news that Trump is perhaps working on a diplomatic solution with Iran.On that news, all of the disgusting war profiteers got themselves rugged in oil, acrimoniously. Separately, it was a cantankerous...Read More