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After deep and careful consideration, I have concluded that the entirety of market action over the past twenty-two hours was a Complete and Total Waste of Time. No real direction. No trend. No sense.
I’ll do a post later when I have something more helpful to say. See ya!
Welp, I guess I don’t have to worry about being upset with myself about being so light this morning. Being light was just what the doctor ordered. Sure, the market gapped down Sunday and fell for hours, and when I went to bed, I was fully expecting to see -200 on the /ES and start raging at myself. Nope, it’s green. No reason is needed.
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(more…)After Monday, which was a very big down day, I was feeling out of sorts. That seemed odd, considering what a good day I had. On Tuesday, I had a relatively bad day, but I felt a lot better. It made me realize something: I’m a salmon.
This weekend was peppered with the will-she/won’t she silliness of the tariff war. The entire landscape is murky (or some more generously describe the situation as “fluid”), but it’s quite evident that all the he-man, tough-guy, don’t-mess-with-me nonsense from this administration is nothing more than bluster, and the bluster is worth exactly what it costs.
As such, markets are celebrating since D.C. has done everything but surrender at this point. (If you want huge laffs, just watch the Liberation Day speech again, which was offered up with the same gravitas as Operation Overlord). Equities are up about 1.5% to 2%, more or less. On in particular, Apple, has shot up by double digits, since the notion of triple-digit tariffs has vanished with the weekend.
