All times Wall Street time
Monday- nothing but FDIC bank talk all day
Tuesday- OPEC monthly report 7am, CPI 8:30am, FOMC member Bowman is somehow speaking during the blackout period at 5:20pm this is unheard of really strange
Wednesday- retail sales MoM, PPI MoM both at 8:30am, crude oil inventories 10:30am
Thursday- Philadelphia fed manufacturing index 8:30am, Building permits 8:30am, initial jobless claims 8:30am
Friday- OPEX options expire. Nothing else really big news wise
The market as a whole is shook. But the only thing that matters is our trading account so please don’t think that the market should move in one direction because traders trade and you can get caught trying to catch a pop to buy puts and it keeps going up. Remember this “the end of the world is bullish” I won’t give you the answer as to why, just think about it. Was the Silicon Valley bank a black swan moment not in my opinion it’s an isolated event since they weren’t hedging against rates going up that’s what took them down. The median bank account in the country has 5,300 in it, the FDIC insurance limit is 250k so this is not a black swan just crappy business. The VIX hit a 29 high on Friday we haven’t seen this since October, we are only up 1.72% on the year. All it takes is CPI going down a little and nobody will remember last week. So please trade your plan or sit on your hands don’t go throwing away money just to be in the market, losing is hard but winning is harder.
As always trade what’s in front of you good luck
Monday- nothing but FDIC bank talk all day
Tuesday- OPEC monthly report 7am, CPI 8:30am, FOMC member Bowman is somehow speaking during the blackout period at 5:20pm this is unheard of really strange
Wednesday- retail sales MoM, PPI MoM both at 8:30am, crude oil inventories 10:30am
Thursday- Philadelphia fed manufacturing index 8:30am, Building permits 8:30am, initial jobless claims 8:30am
Friday- OPEX options expire. Nothing else really big news wise
The market as a whole is shook. But the only thing that matters is our trading account so please don’t think that the market should move in one direction because traders trade and you can get caught trying to catch a pop to buy puts and it keeps going up. Remember this “the end of the world is bullish” I won’t give you the answer as to why, just think about it. Was the Silicon Valley bank a black swan moment not in my opinion it’s an isolated event since they weren’t hedging against rates going up that’s what took them down. The median bank account in the country has 5,300 in it, the FDIC insurance limit is 250k so this is not a black swan just crappy business. The VIX hit a 29 high on Friday we haven’t seen this since October, we are only up 1.72% on the year. All it takes is CPI going down a little and nobody will remember last week. So please trade your plan or sit on your hands don’t go throwing away money just to be in the market, losing is hard but winning is harder.
As always trade what’s in front of you good luck
Kommentera:
Look at that they just bailed them out and closed another bank in New York signature bank
