MM 3 February 2021

 Quotes

"Wise men speak when they have something to say, fools speak because they have to say something."

    

Framing

“It is not what you say, it is how you say it”

Mackay's key realms of excitement

Markets & Macro news

Economy rebounding = oil rebounding = inflation rebounding = PE down

 No wonder the consumer is not feeling so good

Cash on the Fed balance sheet suggests money being used

As Gamestop's frenzy eases, markets get calmer

Familiar bubble pattern or VW short squeeze pattern

Lower VIX = higher SPX

A tell of a dog chasing its tail? = irrationality quantified

Speculators have been chastened

Short sellers an endangered species? Long live ..

So SPX and Nasdaq resuming their uptrend?

    Fade the rally?

Too many leveraged bets (not just in the US)

This speculative fever cost USD 162bn 

Silver fade quickly.. but here is the catch: physical silver is so hard to find right now that it trades at USD 38.12 an ounce, in sharp contrast with futures trading below USD 28.. 

DXY (dollar index) set for a bounce?

Indeed China is not gonna hike

And Europe is in a pretty deep hole

Bitcoin and Ethereum testing new highs and ready for major breakout   

Themes, Sectors & Corporate news

What a ride it has been since his humble beginning in 1994

And it does not look like it is letting up

Think global, act local

Google & Facebook confirm return of online advertising just as tech is asking for the regulator to get its act together

More on Uranium's bull run set up