Postcards: Maybe Biden Isn't Running?

Wait... isn't this supposed to be a finance blog? It is... I'll show you how and why... and an actual way to trade Biden's nomination. Also, why won't markets just tank?

Market Recap

At around 10:30 am, I noted in the comment section for Republic Risk readers that I warned that the QQQ was going negative. It’s been there since. The SQQQ finished the day up 2.5%. Remember that Friday is the best day of the year for markets, but Jerome Powell again sent a message to markets: “Close the F——- Door.”

Dear Fellow Expat:

I told my daughter not to play Gin Rummy against her grandfather this Thanksgiving.

It’s the same reason I told her never to play cards with an alligator…

You see…

She’d lose… each hand.

Why Won’t This Market FALL?

I don’t have much hope in stand-up comedy.

But I have a future in explaining why the market won’t drop.

And I’m going to explain algorithmic shenanigans as simply as possible.

Today was a prime example of why this isn’t your grandfather’s stock market.

How is it that the market collapsed two weeks ago, only to reverse with fervor like it did last week?

How can we have Equity Signal moves like this (we’re negative today again)?