I keep checking my feed but neither @PatrickCeresna nor @kevinmuir is calling what seems to be this obvious prarie dog pattern on $IWM weekly
@kevinmuir in hindsight this was the high in IWM, but the prarie dogs butt gap is now a potential target at 221.3?
Sina retweeted
Tweet of the Year
Do you want to see what the false hubris of a fallen hegemon sounds like? What a tired Empire projects as it flails to keep away the furies of an emerging multipolar order?
Then tune into the press conference of @StephenCurry30 @Money23Green and @KlayThompson from last night
Is it Omicron? NO. Is it *just* "postioning" like @kevinmuir said on this weeks @TheMarketHuddle? Doubt it. Thread:
TED spreads. Still very narrow vs history but nearly twice as wide since mid Oct and more than twice as wide since mid Aug.
1/
Breadth. As @JeffSnider_AIP often tells @EmilKalinowski it sure does look like a lot of stuff hit a "landmine" around Nov 8.
5/
For weeks/months we've had: bond curves flattening, USD spiking, equity breadth and correlation divergences, energy prices spiking, massive real economy volatility...but sure, the market is down because of a new COVID variant.
"The administration and market regulators ... are preparing to formally develop a new market structure."
"The would-be market redesigners, though, do yet not have the information they would require on the workings of the existing market machine."
🤦♂️
ft.com/content/27e7d7ca-f5d0…
I think this probably has some more room to grow.
Why?
Take a look at the $HOOD SEC Rule 606 filing cdn.robinhood.com/assets/rob… for 2Q'21. Depending on the order type and marketplace, $VIRT makes markets for ~30-40% of orders.
In this thread @MacroAlf espouses the common view that QE is pushing Banks/Fins out on the duration then risk curve because reserves don't pay enough yield or have enough risk exposure.
But there is something more important at play. Funding!
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