I’m afraid things are about to get really boring again. Yes, we have AAPL earnings tonight, but c’mon, that stock is about as exciting as a passbook savings account. Almost all the really cool earnings are behind us, and it’s going to be dull until NVDA deigns to report a month from now.
This morning, the GDP came out, and our “hottest” country offered up a growth rate well below inflation. In other words, our currency is falling in value much faster than our economy is growing, so yay us.
Speaking of boring, it seems the world is rapidly losing interest in anything with the words “Iran” or “Hormuz”, so equities continue to blast higher while oil simmers down.
Yesterday, I even put my toes into the waters of the Strait and shorted a couple of high-flying energy stocks.
This would be a very “meh” morning for me were it not for one stock against which I own September $700 put options. Thus, “meh” has morphed into “meh-tah” as this sucker gets hammered down by over sixty bucks.
It’s disappointing to wake up to a pure green screen again (ES, NQ, RTY, YM, BTC all positive) but we’ll see how it goes!
