The Better Miners
Garbage Ticker Banner Day
With the explosive rise in Bitcoin today, firms that have been battered the worst by the fall of BTC are finally having their day in the sun:
Long-Dated Directionals
For my portfolios, I normally short-sell securities. Of my 30 positions, 27 of them are shorts, but three of them are options positions.
They have several things in common: (i) they are all puts (ii) they have a ton of time left on them, none of them expiring until 2027 or 2028 (iii) they are all in the money. Suffice it to say I am going to try my best to be very patient with these, which is why I’ve given them so much time:
Pre-Midterms QE
There are seventy-six days until the very consequential midterm elections. Your hero is exceptionally unpopular, in spite of what you might be telling yourself, and his underling, Scott Bessent, well realizes he needs to do everything in his power to help. Thus, the power bottom of the Treasury just announced a DOUBLED of the quantitative easing program, plunging the nation even farther past its already $40 trillion in debt, all for the purpose of buying U.S. debt that no one else wants.
The effect has been immediately, as treasuries are soaring (I mentioned covering my TLT short and selling my TBT long yesterday):
