Gator Jaws
If a picture is worth a thousand words, lets read about 10,000 words in under 3 minutes.
Gator jaws…
Gator jaws…
At least the S&P used to move up with real economic growth. Cocaine financialization is a hell of a drug…
Gator jaws?
“No one wants those IOUs. They prefer gold. - Egon Von Greyerz
What happens when nobody wants the IOUs? Yields go higher…
Maybe those cuts aren’t coming in March or May after all…
Here’s a question: if ZIRP is bullish, rate hikes were bullish, upcoming rate cuts are bullish, and higher for longer is also bullish… do fundamentals even matter? Don’t answer that.
Where were the signs? All time highs in S&P at any cost. Even if it means gamma squeezing a handful of stonks to distract from layoffs literally everywhere and Jeffrey selling $8.6 billion of Amazon AMZN 0.00%↑ stock in about a week.
Generative AI worked so well for Sports Illustrated…
Checking In On The Cryptoverse
Uniswap ($UNI-USD) is absolutely cooking today (+45%) on news that the application will start paying out protocol fees to token holders who properly stake their UNI. This is actually a really significant deal because UNI is the leading DEX (decentralized exchange) in the entire crypto industry. Nobody else even comes close to the volume share this dApp does in a typical 7 day period:
So the fact that the protocol will now be offering what is effectively yield payments to tokenholders is theoretically a very strong fundamental reason to buy UNI; especially considering the token was trading at just 12x full diluted fees yesterday:
True story: I actually bought UNI at $6.25 earlier this month. I sold it Tuesday at $7.47.
A win is a win amirite? I’m actually still holding a widely used DeFi protocol token that trades at a sub-10 P/F ratio… I’ll tell which one after the wall.
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