Triple_Bagger said:

---

Here's the tweet/email

Noone:
Me: Here is a more complete of the exchange I posted earlier $SAVA crowd: "how can email?!?!?!" https://t.co/Bmabn2dUi3 pic.twitter.com/WzFQkNrRbg

— DR-nota-DR (@DRnotaDR) October 14, 2021

---

There's obviously a ton of risk in SAVA, but this guy makes 2-3 tweets every day dogging SAVA and making fun of it's employees. Then he supposedly sends an email to someone at the National Institute of Health and gives them a link to a short sellers complaint. When he supposedly receives a vanilla response that they've already got that complaint, he touts it as something new. This is someone short SAVA or being paid as a shill by someone short SAVA or a drug competitor. No one spends hours and hours every week trashing one single company unless they gain financially from the company failing or the CEO is doing their wife.

Weekly ATM options. I've been mostly tactically trading the last couple of months. I scan for volume, chart breakout points, and go for it.

Good morning! Futures mostly mixed here and around the world as we get a pause from the recent Gap & Go frenzy. The $ES_F lost the UTL but holding 4500 for now. Looking forward to the open!
😁👍 pic.twitter.com/x7Be6YameM

— Bubble Head (@TrueBubbleHead) October 20, 2021

Interesting thought. Looks like they should've curtailed spending better and not printed as much money during the Black Plague and French Revolution, and we would've been fine!

If history has taught us any lessens at all it's that we can always blame the French.

BaylorSpineGuy said:

---

Actually, looking closer at that model, it looks like the rate of rise starts in late 1700s/early 1800s. Maybe all of Bill Maher's guests are right: the United States is the source for all problems in history, the world over.

---

i would say Catholicism or Islam take that cake.

Good Morning Traders...I've been traveling quite a bit and been working on closing some outside investments recently so I apologize for not posting as of late....Let's get back top some Macros.

Treasuries Soar to 1.67 10 Years and 2.12 30...In Asian Time..Waller..DC Reverse

Treasuries were met with heavy selling in early Asian time as the Fed Waller's comments took traders by surprise, along with some progress being made in Infrastructure talks among the Democrats...10 year treasuries soared to 1.67 and long bonds to 2.12, before reversing as London came in... So far we do not sense much of a convexity selloff from rates higher than 1.60 ish, but that does not mean we won't see a spike to 1.70-1.75... But it is going in the direction we expected...

We said that Waller would be the most interesting speaker this week, except for potentially Powell on Friday... We were not disappointed... We did see an expected primary dealer analyst said to ignore the Waller comments...we disagree... While Waller is not known to many, we calculate that he will have the most votes over the next decade at the Fed... He will vote at every meeting for the next 9 years, and he is originally from the St Louis Fed, so a protege of Bullard... A colleague sent me his comments as we were on the flight back to Austin yesterday... The XXXX are the highlights

Fed's Waller Sees Tapering Next Month, Rate Hike 'Some Time Off'

Waller: If Inflation Doesn't Cool by Year-End, Fed Could Bring Rate Increase XXXX

*WALLER: FED BALANCE SHEET CAN SHRINK QUITE QUICKLY IF NEEDED XXXX

*WALLER: FED BALANCE SHEET HOLDS RELATIVELY SHORT-DATED ASSETS XXXX

*Waller: Fed Balance Sheet Could Shrink Fairly Quick on Passive Basis

Fed's Waller: with 'mind-boggling' drop in unemployment, not heading for stagflation

Fed's Waller says higher interest rates may be needed in 2022 if inflation stays high

*WALLER: DON'T SEE ANYTHING THAT RESEMBLES A CREDIT BUBBLE

*WALLER: CHINA'S CBDC EFFORTS NOT THREATENING DOLLAR GLOBAL ROLE

So do not discount these comments..add in the KC Fed report saying that raising rates should be done before tapering ends, is also worth noting... Currently the July 22 meeting is a coin flip as to whether the Fed raises rates... But we still think the longer Biden waits, the less likely Powell gets reappointed... While some fear a Dovish replacement, we do not... Fed Chairs have to toe the line and bad Fed Chairs that try to overwhelm end badly... So while an uncertainty will hurt markets, it won't be long lasting.

Finishing rates...4 Fed speakers today and the beige book... 10 years should range 1.60-1.70... The short end had their exhaustive spike higher on Monday, when 5 years hit 1.19 and the curve had their exhaustive flattening rally about the same time as 5/30 got to about .83.. That is over for now..JP put out a recommendation to put on steepeners and that has worked for now.. We see 5/30 going back to about 110...so far it looks like the volatility for the day will be Asian time... It is still early.

Corporates had a good day yesterday with another 4 borrowers pricing over 10 billion.. That brings us over the 20 billion expected for the week.. In junk, our old friends Carnival, issued a 2 billion deal,, which highlighted a 5 billion day for junk.. That is where the action is . US HY funds had an inflow of 1.1 billion for the latest week after investors had pulled over 2 billion in the last two weeks. Yields in HY has risen to 4.17%, up 14 basis on the month, while CCC's are now at 6.50%, up 24 basis on the month.

Equities... While we still think they are expensive, we have been trading them as we said at the beginning of the month... The first two weeks of October are normally more volatile, and we saw that... The mini correction, if we can call it that, is over... The last two weeks of the month of October are much better, and that is what we are seeing now... But the Fed meeting worries us... As does a report from MS showing that 88% of the S+P 500 members have suffered a 10% correction at some point this year...WHAT 88% OF THE S+P HAVE SUFFERED A 10 % CORRECTION THIS YEAR... YIKES..yet because of the massive Faang stocks doing much better, there was only a drawdown of 5.2% on the average... Normally with 85% or more stocks hit that magnitude, we expect to see at least a 10% correction of the S+P...

CIDM you beautiful *******

Bitcoin going parabolic today.

MVIS rocket.