BMF Mini Show: NU SLB FSR 10.03.2022
Inconceivable!
Watching the markets these days, I’m reminded of the cinema classic “The Princess Bride” when Inigo Montoya tells Vizzini … “You keep using that word. I do not think it means what you think it means.” We have the Federal government spending money this summer without any regard for inflation – when nearly all of […]
BMF Show MRO 09.30.2022
The Lone Tech Green Today
Yo, Pit Crazies, We are setting up for a huge move today. I am writing this as of Thursday Night before Mark’s Big Show but all the tell-tale signs are there. Big Vol is the way No. In an ugly market, I try to look for anomalies that can provide respite from the constant direction […]
The Flow Still don’t Like the Bonds
Yo, Pit Crazies, Was yesterday a pivotal bounce off the bottom? Could be, as the Bank of England blinked so that might – just might – be a signal that the Fed will slow down the rate hikes somewhat. Maybe! Stocks were up and the VIX was down, and that is a good thing for […]
Things are coming to a point
Yo, Pit Crazies, I was having a conversation with Licia Leslie, our resident Queen of the Candlesticks (and if you don’t believe that title, look at her incredible results the past year), to discuss the crazy bid for name volatility at the end of the day. As you can see from the snap below, VIX […]
BMF Show PFSI CVE PBR 09.27.22
https://vimeo.com/754363990
The Fed’s Master Plan is working
Yo, Pit Crazies, In the ultimate irony, the Federal Reserve has succeeded in making the dollar ruin everyone’s life except, of course, Vladimir Putin. Putin is just dealing with old fashioned civil unrest as he calls up 300,000 volunteers. (Will Ed Snowden be among them?) Global markets, meanwhile, are dealing with the Great Powell Reshuffle. […]
BMF Show LBTYA OLN ARCC 09.23.2022
Stocks Make A New Low
Yo Pit Crazies, Yesterday, I told you that the VIX Oct 19 27 straddle was the cheapest ever. Well the S&P 500 was up 1%, even, up 1%, and finished down 1.5% on the day or a 5.5% range on the day of all swings combined. SPX one-day chart with one-minute candles. Every time the […]