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Well, Hello Bear!
As a previously bulletproof equity market careened lower into the US afternoon on Friday, CNBC asked
There have been so many false alarms over the last year, I’be be surprised if the algos have not been detuned their sensitivity, say by requiring a few days of confirmation before triggering a sell signal. Of course, some more preditory models might try and front-run the others?
The TACO trade is back! What a time to be alive…government shutdowns, trade wars, real wars – the fun never stops. Trump is very fortunate that the AI bubble is propping up the market because if that pops, things will get really exciting.
By the way, does the earnings blackout period also come into play in all of this given the timing or is that mostly irrelevant at this point?
I was just thinking about this. Basically, what is Xi thinking? He knows Trump will retaliate. Answer: TACO.
Trump goes to 100% (+ 50%). Which he can’t maintain. Xi should be smiling.
Doesn’t T keep renewing the 90 day tariff waivers for Chyyna?? I carefully contemplated the Japanese LDP coalition unravelling for approximately 3.725 picoseconds before buying a hefty bunch of NVDA 200 calls expiring December ’25 at the close today !! TSMC reports their quarter late next week I think and then MAG hyperscalers start reporting the following week. AI seems/appears a favorable place to allocate capital into the end of the year, particularly if the FED whittles down interest rates as employment dwindles.
Let’s just say I can attest hyperscalers appeared to be very urgent to kickoff a big wave of new initiatives by EOY..
Friday certainly was surreal after reading your Wednesday hypothetical!
Now they have 1000 points of downside (a 50% rally backtest) to deal with China, stall the economy for a few months, lower gas prices , lower inflation, lower.rates, get the 10yr to 3.50% (and glue it there) .. and restart the economy in ’26 with a housing boom. SPX 10K by 2028 is still on the cards.