This week is going to be one of high contrast, personally, because the next 72 hours are going to be the most unhinged and lunatic period of my life whereas the market is pretty much putting planet Earth to sleep. Equity markets completely controlled by the federal government have never been exactly electrifying, and this one is no exception. I mean, just look at the /ES ever since it cut above its former lifetime high. Dullsville, Incorporated.
The /NQ is virtually indistinguishable. A federally assured 0.5% gain every day, day in and day out, until the end of eternity. Jesus, man.
The small caps don’t even have a passing resemblance to the above. It is miles away from its lifetime high, and although it has exploded since the April 9th surrender on trade by Trump, its recovery hasn’t been nearly as robust.
Although, at the moment, the /NQ seems to be selling off. What looks like a plunge is just a wart on a mouse nut, though. Every single equity future is still bright green, utterly inured to the preposterous fundamental valuation which surround us.
Having said that, I am going to be waist-deep in irony all week long, which should be quite a journey. I am presently fully loaded with 20 short positions, and nothing of them are misbehaving at the moment.
This is going to be a big week for earnings, so good luck out there!
