The S&P 500 was at its highest level in the history of the Milky Way galaxy only yesterday, but my 25 short positions closed yesterday all profitable. All 25 of them. Added to which, it looks like the prospect of a government shutdown isn’t exactly thrilling the markets. Or maybe that’s not it. I couldn’t care less. They’re all just charts to me, and they’re moving As God Intended ™.
OK, great, the market fell a little. BFD, right? Yeah, right. Checking out the /NQ over the past few weeks. Seem like a break in the uptrend to you? And how about that rounded top? Enough rhetorical questions?
I’m not the only one who has noticed things are looking a bit raspy. The VIX has emerged from the Epstein-ish level of 14 to something almost legal. Let’s get it into the 30s, Steve!
Just to make things even juicier, even my bearishness on precious metals still looks like the right call. After tumbling yesterday, gold attempted a rally all through the night, only to see it wilt once more.
As for the government shutdown, I hope to God it happens. I really do. No more continuing resolutions. No more last-minute deals. No more one-week extensions.
Shut it down.
Leave it down. Forever!
Because I, for one, get no benefit from Brendan Carr, or Kristi Noem, or Pete Hegseth, or any of the other airheads, grifters, and numb-nuts that some of you seem to adore so much. The eight-figure tax payment emanating from the Knight household for 2025 will garner us precisely nothing. Nothing! So, my resentment for the government is truly limitless, and as far as I’m concerned, I’d rather keep 100% of everything I have and let D.C. sink into the swamp, never to be seen again.
