After a Fed-fueled rally last night, equities – – and the Russell, as shown below – – had a nice little selloff during the morning. The /RTY fell all the way to its breakout and as of this moment, annoyingly, is fighting back.
Although I was ready to puke on my screen during the buying at the open, I doubled down on my IWM July $140 puts. In the background, the poor saps who bought into the Moderna marketing have had their testes fried.
And, naturally, since things are finally getting even a little interesting, the poor sons of bitches who chose Robinhood as their broker are having trouble.
Although if you check Robinhood’s official “status” page, they’re reporting things are just peaches ‘n’ cream.
Death to Jerome Powell. Long live Slope.
