Weekends

by | May 24, 2021 | Daily Note

  • I love my weekends and I would have hated to have been involved with crypto over the past weekend
  • What a great weekend of sports!
  • Covering a bitcoin-related short for a 20% gain
  • I think China is very serious about cracking down on crypto assets and mining
  • The market is going up on a gamma squeeze and has some negative liquidity issues later this week
  • MTUM the $16b momentum ETF is doing a huge rebalance out of tech/consumer discretionary to financials
  • On the note:  Currencies USD, Euro, Bitcoin; Commodities: Gold, Silver, Corn.  Interesting exhaustion signals:  Citi and GOOGL

 

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