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Daily Note

Three Quick Thoughts For Friday

May 7, 2021

Thomas Thornton

  • That was some payroll number and I have a few more thoughts
  • QQQ has faded the upside move as yields have regained and then some the entire payroll crash
  • I have some important views on the US Dollar 
  • Commodities are overly extended and I like them more short here 
  • The mood in the country and around the world has people looking to get rich fast while not wanting to go back to work
  • Wage inflation lagged for 10 years and now it's going up perhaps by design
  • I was going to name this note "Get Out Of Doge" as I found the first Doge symbol on Bloomberg
  • Have a great weekend
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