I have never been inside any “dollar store” of any kind (Dollar General, Dollar Tree, Family Dollar) but I’m intrigued by the sector. Below is a beautiful right triangle topping pattern on Dollar Tree (DLTR), which compelled me to buy May 17th $130 puts on the sucker.
Over six years ago, I wrote about a house a few doors down from me that was for sale. The house – – more of a cottage, really – – was small, measuring about 900 square feet, but the lot size, by Palo Alto standards, was enormous: a full half-acre! Thus, this tiny edifice, and the turn on which it sat, sold for $10 million.
OK, I have just written a very large check to renew our access to peerless, top-quality earnings data, and I’m here to bitch about it make plain why I’m making this investment. The organization to whom the check is made is Wall Street Horizon, which describes itself as follows:
As US economy is heading toward its disastrous 2nd quarter results, the Trump administration is considering the expansion of the trade war to finance, which could destabilize the US dollar and derail the post-pandemic global economy.
After its failure in the COVID-19 containment and the expected -53 percent plunge of real GDP growth in the 2nd quarter, President Trump’s re-election campaign is in serious trouble. To deflect the blame, his administration has launched a series of provocative measures against China thereby fueling elevated bilateral tensions.
Worse, the White House is reportedly considering moving from a bilateral trade war to an effort to exclude China from the dollar-denominated international payment network. In Beijing, that would be seen as weaponization of US dollar.
(more…)
