"One minute I held the key
Next the walls were closed on me
And I discovered that my castles stand
Upon pillars of salt and pillars of sand
For some reason I can't explain
I know Saint Peter won't call my name
Never an honest word
But that was when I ruled the world"
Tomorrow, markets find out the full details behind the mystery trade deal, however the high is already wearing off ahead of the Black Swan event. It's starting to sink in that this was just another Trump con job:
"Stocks were rattled, when Bloomberg news service Tuesday afternoon reported that tariffs were not expected to be lifted until a phase two deal...The report also said the phase two deal was not expected until after the November election"
Markets are primed to implode:
"Reflation"
Oil
Positioning
Today new multi-year high in the equity call/put ratio ahead of the Black Swan event.
As gamblers reach for MAXIMUM risk:
Today new multi-year high in the equity call/put ratio ahead of the Black Swan event.
As gamblers reach for MAXIMUM risk:
Zerohedge reminded us today that we haven't seen this level of extreme short covering, since...
October 2008:
The "trade deal" isn't even signed and Trump is already agitating to monkey hammer the leading sector, semiconductors:
"The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company"
For those wondering what would "officially" pop the Tech bubble, now you know...
Big Donny will explode the mega bubble. Trump being the only risk factor anyone needed to know that this would all end extraordinarily badly. After all, what kind of moron would trust Donald Trump?
