Michael

I have a working theory that when the market gets choppy it concentrates speculative behavior into just a few tickers and causes a kind of paradoxical squeeze in very select memes versus broad memes. For example, back in 2022 while the index was down like 20% YTD, a scam IPO from Hong Kong trading under the ticker HKD went from $200M to having a larger market cap than Exxon Mobil. Started out as low float shenanigans but became the last refuge for meme stock traders searching for anything that would still go up. Anyway, here’s a chart of VCX.

$PROP Hudson Bay could have taken a pound of flesh of little ole' Prairie, instead agrees to $3 million termination fee. A deal is absolutely coming. Any deal is/was beter than Hudson converting @ $1.15. The short thesis was Hudson Bay ultimate takeover. Now ~8 million shorts are now trapped.

Once bonds start rallying with oil, you’ll know the it is turning from an inflation trade to a recession trade…probably starts by the end of this week imo

WASHINGTON, March 19 (Reuters) - The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday.

BESSENT: U.S. MAY UNSANCTION IRANIAN OIL ON WATER IN COMING DAYS -FOX BUSINESS NETWORK INTERVIEW

The market is largely pricing in a US oil export ban: Brent less WTI spread is the widest in decades (ex the negative WTI print). Export ban would landlock US oil, sending it sharply lower while sending Brent soaring