Good morning STB!
Already Xmas shopping and we get a tree next week? Dayumn. It goes fast take time to enjoy the season, and remember The reason for the season.
Good v evil
On to the lie -
Minis flat. SPX closed below the 50dma. Ouch. 100dma at 6550 key support now. So we’ve been warning about the lack of cash/repo issues for a minute. Fed has an emergency closed door session. Not so sure I remember anything like that happening. They’ve lost control. Frankenstein is loose in the woods. Any disruption in the big tech circle jerk destroys hedge fund margin. Bloodbath would be an understatement. They can’t allow a crash. QE very soon. Rate cuts and stimulus? Thats like pineapple on a pizza, only good for the very few with bad taste and a healthy disrespect for Italian food. Oh, China's financial and social death spiral continues. Ukraine has lost the war and refuses to quit while they can. Irump the Trojan Horse.
The Texas game was the most lit thing I’ve ever witnessed in Athens.
Have a good week.
GL and GB!
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