the truth is out there.
market vibes
November 20…)
“Open the pod bay doors, Hal.” 2001, Kubrick 1968 (worthy of revisiting). “I’m sorry, Dave, I can’t do that.”
In the news
Putin says he’ll talk peace with Trump. Various detente announcements from the State Dept. and Iran yesterday eased tensions across markets. The Treasury will run out of money again on Dec 20. Apparently, a deal is in the air to trade Gaetz at Justice for Rogers at the FBI. However, Rogers is reputedly a dyed in the wool “deep stater.” The most essential pair of law enforcement posts is the FBI and Justice so the outcome this story is going to be make or break for both sides.
Still no Secretary of the Treasury. Trump to interview Warsh (Apollo) and Rowan which means he will pick the one that gets him Patel at the FBI and Gaetz at Justice. This is the battle. Immho. If Trump gets Gaetz and Patel, the fur will fly in DC. If not the bones of accountability will grind more slowly. I think…
In the markets
Bitcoin OI continues to make new highs every day indicating post-election Trump flows are still robust.
Gold flows on the Comex imply the opposite. Silver and gold are liquidating in lockstep. That does not mean they will go lower. It means liquidity is shrinking rapidly.
In FX the Euro and Yen hang from their fingertips above the abyss of historic lows. Will they hold? Drum roll.
On to bonds and stocks and outer space…
