Morning Update – May 19th, 2022

Morning Update

Macro Beardown Breakdown.  India (the second largest wheat producer) has put a ban in wheat exports.  China has also banned the export of fertilizers; following the sanctions of Belarus and Russia, and this is essentially limiting the global supply of

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Morning Update – May 16th, 2022

Morning Update

Good Morning Friends, Macro Minutes… Friday we saw a bit of a relief rally after VIX started to roll off the 30s into the high 20s, and remember VIX expiration is Wednesday and then we have options monthly expiration this

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Morning Update – May 12th, 2022

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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Morning Update – May 10th, 2022

Morning Update

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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Morning Update – May 9th, 2022

Morning Update

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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Morning Update – May 5th, 2022

Morning Update

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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Morning Update – May 4th, 2022

Morning Update

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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Morning Update – May 3rd, 2022

Morning Update

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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Morning Update – May 2nd 2022

Morning Update

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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