DrStool

BTC is sitting on the toilet getting ready to take a dump.

The Fed stress tests assumed -55% in stocks 40% in CRE, and the Fed says that the banks would still have adequate capital. First of all, it means that it thinks it can let that happen. Second of all, it's wrong. The dominoes will start falling well before those parameters are hit.

Stocks Are Even More “Dover Sole” Versus Liquidity

I'm really surprised that that rally didn't stick at all. I thought a little pullback, then more upside. WRONG. Maybe Tamara?

Oh is this going to end badly. Chasing the last decade's winning horse.

I'm a little bummed that the market is selling off here. Last short on my chart pick list got stopped out yesterday. Bummer. Train may be leaving the station without us. I may need to interrupt this program for a special bulletin, but first gotta write a report.

Or watching the US become a fascist theocracy. Now that the Supreme Court has legalized school prayer, I hope that the Satanists demand equal time. H/t to Seth Abramson for that idea.

Minimal so far. But keep in mind that this is a continuum. The reduction in QE that began 2 years ago was actually the beginning of QT. Any reduction in printing is tightening. So they've just been gradually ratcheting up the pressure every few months. It's a frog slowly boiling on the street in the sun. First it just gets sleepy. Then it's dead. Kind of like human life, come to think of it.

The market benefitted from exceptionally light supply in June.

Yes.

Testing testing.

Sport lines converge 3860.

LOL Power back on. I feel like I'm back in FL.

But gonna shut down and take a nap so as not to use up my battree.

I'm sending this message on battery and my phone as a hotspot. Ain't technology grand.