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Good Morning Friends! Remember how I was telling you back in the Day (probably last week) that as credit spreads widen the greatest pressure will be felt by banks that can not borrow money via bonds? Yesterday seven high grade
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When a baby is born a mother will most often carry, love, cherish and nurture the vulnerable soul; and as that child ages, it may one day be the baby’s turn to care for the mother. No one knows how
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Ken’s story is nothing short of a miracle, covered in a drive, tenacity, and purposefulness that stands to encourage any parent, any outsider, any trader, and last but not least any underdog. In Ken’s youth, he sought excitement, danger, and mischief; though
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Good Morning! Yesterday we closed below our (Open Interest) Put Wall on both SPY and QQQ, and that has not happened since I can’t even tell you when. We also have gamma squeezes on most of the major tech names,
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This last Week/Weekend was massive and CrayZayZay! (Read with a Comedic Tone…) Russia Oil Embargo what?! (but not Gas, so Germany is spared a total implosion). Shanghai Ports, they still exist, only in our minds’ eye because strictions are getting
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During Quantitative Easing, the Fed put Money into the market by buying an array of treasury bonds/securities/notes/mortgage backed securities, etc. Now every month some securities reach their maturity and historically the Fed has refinanced most of these. With tapering, the
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So with FOMC today, I’m not sure I need to be doing a huge update. BUT, I did want to just point to a few things… Yesterday a number of central banks globally increased their rates (everyone except Japan), and
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Liquidity (Market Depth) is abysmal. I think we’re probably trading less than half the contracts we would normally be trading in the on-cash settled indexes and relevant ETFs. This is why we’re getting these huge swings from Support to Resistance
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I’ll put out a longer update later, but remember this week on May 4th Ka-Powell has a press conference, and on the 5th we have Jobless claims and non-farm productivity comes out, and Friday the 6th NY Fed, ATL Fed,
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Good Morning Friends. Inflation numbers are still accelerating to the upside. Everything is down in the premarket but we should still see a gamma bounce later today. Remember as I pointed out yesterday we have very few contracts on
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