Over the past few weeks I’ve referred to the scarcity of good quality setups as one of my guides. In the last two weeks my main take has been that the market was not ready for a new upswing, and chaotically bouncing around the Key Levels was more likely.
This is the setup for the hyperinflationary crack up boom - skyrocketing stock prices alongside skyrocketing inflation - I’ve viewed as inevitable ever since the Federal Reserve abandoned any and all constraints on money supply back in 2008.
Now, I know it’s tempting to point to the usual suspects listed above. But they ultimately draw power from voters. Voters that never fail to fall for political schemes, solutions, pandering, and burden shifting.
Have stocks ceded the conch to options? Trading volume has flooded options markets, especially those suddenly infamous 0DTE contracts. We unpack this and more in this weeks Weekly Roundtable with Don Yocham.