Just a couple of charts to kick off the day, which I suspect will be the capper to a fantastic week. First of all, crude oil is behaving itself beautifully, with my bearish energy bets fully loaded.
Also, I’ve got to say that Jim Cramer’s magical powers make those of Gartman vanishingly puny in comparison. There’s seriously no asset class he cannot destroy with a word or even a thought. The latest is Binance (which, thanks to FTX’s destruction is now the king of crypto) which Cramer bestowed his blessings upon earlier this week. I warned you about this in a post, and maybe some of you took advantage of the world’s easiest trade.
Because at this point, even CZ, the founder of Binance, knows how the world works:
