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Good God, today is boring. I fear that we’re all going to be sitting around picking our noses until 48 hours from now when Powell deigns to tell us what’s next in our lives. As proof, below is the VIX, which is plumbing the same depths it was in 2019. Think about that. 2019. Think things were a LITTLE different four years ago, maybe? Like……...EVERYTHING?!?!?
Here are the population projections from the United Nations, which are pretty interesting. It shows the United States flat-lined (thank God) while Nigeria (of all places) blows past us. The thing that jumps out the most is the prospect of China losing HALF its population, which I guess is what happens when you live in a giant dictatorship with completely fake economic data.
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One of the handful of stocks that exploded higher early this year due to the manufactured AI Mania was Super Micro Computer (symbol SMCI). As we enter yet another AI Winter, the stock has already lost over $100 from its peak.
Early on Friday, which was the third day in a row I was acquiring XLU puts (at a loss), I tweeted out the suggestion to join in with me. It turned out that tweet was almost the perfect time to do so.
