Trippy Tuesday
A cascade of crazy news, accelerating entropy and thickening paranoia paints a dispiriting global picture. But it’s all good!
The last few days have been trippy to say the least. Douchebag actor Jussie Smollett just had all 16 charges dropped by prosecutors in Chicago (even Chi-raq’s spineless Mayor Rahm Emanuel denounced the decision as a ‘miscarriage of justice’). That ‘creepy porn lawyer’-cum-CNN/MSNBC anti-Trump mouthpiece, Michael Avenatti, has been charged with extortion, embezzlement and bank fraud. Go figure. President Trump’s ‘RussiaGate’ scandal has turned out to be a gigantic nothingburger with a side of surreal and overcooked melodrama. And throngs of foul-smelling, vile jihadists have been turned into mist (or taken into custody — ugh) courtesy of US special forces working with some savage Syrian Kurds in the Levant. The ‘Califart’ is effectively dead. LoL!
On our daily dashboard, the speedball news cycle and macro panorama is mind-boggling: Chinese crash dynamics ‘once again pummeling investors’, more Russian mercs arrive in Venezuela (above — ‘humanitarian assistance’, of course) as the place plunges into a CIA-manufactured darkness, oil is spiking, modern monetary theory (MMT) has gone viral (WTF?!), bond yields are tumbling, Kim and Kanye are putting on ‘woke’ weekly church (musical) services in undisclosed locations for friends and fam…
OxyContin mega-purveyor, Purdue Pharma, got slapped with a lawsuit so severe that it might file for bankruptcy, Brexit might or might not happen (yawn!) and cuntface firebrand ‘phenom’ Alexandria Ocasio-Cortez, keen on making socialism sexy in America, is thankfully beginning to peak as her narrative cloak is being shredded (we’d still hit it, btw — but just once!). Today AOC‘s ‘Green New Deal‘ (‘Green Leap Forward‘) legislation got laughed out of the US Senate with only 42 Democrats and Sen. Bernie Sanders voting ‘present.’ Birdbrain.
Finance-wise, 10-year Bunds just went below zero for the first time since 2016; the US yield curve inverted 3M-10Y and 1Y-5Y (first time since 2007), which has a pretty compelling record of predicting contractions 18 months out (but we seriously doubt it given pro-growth Trumpanomics); the Turkish Lira is getting walloped again (yay for shorts!), and the Pentagon approves $1 billion for the construction of a new segment of wall along the US-Mexico border — finally! Shit cray. For punters and risk-takers faced with the ‘permanently high plateau’ hyperbole, ‘Peak Goldilocks’ platitudes and ‘sell now’ hysteria, we say initiate new buy orders on every, single dip.
At VIVISXN, we’re looking for a Golden Cross moment to confirm our cheeriness (that’s when the 50-day moving average crosses the 200-day moving average indicating bullishness), a more pronounced ‘V’ formation in US markets (again, indicating bullishness), and further risk-adjusted upside (+15%) in America and select emerging markets over the next few months (Brazil, Vietnam, India, etc.) punctuated by minor drawdowns. BTFDs!
The March ides and tides might seem like a mushroom-induced hallucination clusterfuck (it has been for us!) but the S&P is poised to go parabolic (just wait for that China deal to get inked!). And the macro climate, characterized by minor exogenous shocks, occasional geopolitical hiccups and a favorable investment universe for those with an exotic slant, ain’t so dispiriting if you use your noodle rationally.
We’re also watching the Syrian battlefield with endless schadenfreude as the Muj get systematically lit up (get some!)…and we’re loving those nuclear-capable American B-52H Stratofortress bombers, F-35s and AB-1B Lancers flying over the South China Sea as Asia’s version of Davos, the Boao Forum, gets under way today. Xi Jinping and his commie ilk can probably see the chemtrails from the palm-fringed, prostitute-infested island of Hainan where he is hosting ‘high-level’ delegates while trying to devise counter moves to Donald Trump’s flabbergasting foreign and trade policies.
OMG…What a trippy Tuesday! !
Images Wikimedia Commons + Time Mag + US Army/DoD + Kendall Jenner
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