Bad News for Economy is Good News for Markets

--Jobs report- horrific, BUY IT!
--lockdowns, BUY IT!
--Low volume
--Liquidity concentrations continue to grow
----options flow moves several stocks
--Bonds take center stage after months of nothing!
----Rates to far too fast?

What’s working and what’s not-
MU
TSLA - vol will collapse
INTC
GS - do more of what works
MSFT
CAT - take the good with the bad

Do I want to be long?
IWM
XLE
MJ
XOP
F
GE

SPX Expected Move
--last week-- 70.49 (expected move)
--next week-- 64.56

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1 Comment

  • RON

    December 5, 2020

    And almost 1% move in the /es is not drift. You seem to have this contrarian gene in your DNA. Always insinuating a collapse in the markets. CAT up because Biden is pushing for infrastructure in his upcoming term. I totally agree with you on how the hell is the markets up with shutdowns beginning again, vaccine distribution not really starting for the general public for months, and employment going to go negative during the next couple of months. But here we are again. BTW, tastyworks is coming out with a bond yield product in their small exchange. /S10Y on Monday. Enjoy your weekend.