Promoting Useful Knowledge

  Didn't have too much time this weekend to think about what happened this week, but I do know it’s more of the same. Earnings Season kicked off with great earnings from the major banks led by Banking & Trading. SEC looks close to approving America’s first Bitcoin ETF. It’s not a full blown spot fund, but futures are better than nothing, right? The Port of LA and Long Beach are now running 24/7, because as we’ve highlighted things are backed up. Energy prices are still trending higher. Yields are up indicating some think inflation is going to cause rate hikes sooner than later. All this and the US equity markets and most major global indices were up decently last week. This is where my title comes from. ‘I am Groot’ it’s all it says, but it’s interpreted as different things by Rocket and others that “understand” him. This is how I feel the market reacts to data at times. It looks the same, sounds the same, but certain people act differently and make a ton of money. This week we...

  According to the Owlcation site , Chlorine Trifluoride is the number two most dangerous chemical known to man. Why did I choose the number vs. the number one. Well, man has actually tried to use this. It was discovered by Nazi scientists during WWII and they found it too unstable. The US tried to use it, but it spilled and melted concrete and created a hole a few feet deep. It’s basically the most explosive thing on the planet . It will set fire to basically anything it touches. So why am I going down this chemistry rabbit hole, well it rained almost the entire weekend, but also because we saw one of the deadliest trades come into play again last week. There are a couple of examples, but this widow maker trade, natural gas futures reared its ugly head again.It famously put Amaranth Advisors out of business . Volatility was the story across many markets last week. Equities, Treasuries, Crypto but energy and natural gas was wackiest of all. I’ll touch on this further below. Frida...

  Well, it sure seems that, like me, the US equity markets are a fan of Green Day. After a rough September with the S&P 500 down 4.8%, NASDAQ 100 down 5.3%, and Russell 2000 down 3%, the first day of October was a rousing success. The positive results of the Merck pill seemed to help flip the switch. September is the worst month for most major global indices. I looked at 21 global indices below and about half showed their worst performing month as September. Maybe this is why Green Day wrote that song? Here comes the rain again Falling from the stars Drenched in my pain again Becoming who we are As my memory rests But never forgets what I lost Wake me up when September ends Also last week, we saw a couple of American Idiots resign. There has been some speculation of the real reason the Fed Presidents resigned. Most think it has to do with their personal trading, but there’s been some talk of removing two very hawkish voices to make accommodation much easier. Some believe this i...