Paid Episode 28 min
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Follow me on Substack Notes
$DJT $Hood Donald Trump Media & Technology Group
Whether you love Trump or hate Trump, I am indifferent and respect both sides of the argument. This is specifically the company and it’s sales people on Wall St trying to loop people into this horrible horrible business. You can skip forward to the 3 min marker when Steve Quirk begins to discuss $DJT.
Why do I always say watch yields. and stocks move inversely with yields? I flipped SPY upside down and mirrored. Look how closely they trade inversely. Earnings? pshhh. Fundamentals? pshhh CPI? pshhh. WATCH YIELDS!
Summary of the day
Meme traders slaughtered
Breadth
1,034 new highs
103 new lows
38% advancing 57% declining
31% below 50 day ma
29% below the 200 day ma
Stuck out
DOW 40k achieved
44m shares on SPY
Strong
Weak
What to watch
NVDA earnings May 22. Next Wed
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
FRED Indeed.com Jobs data series
True Rate of Unemployment
Tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.
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