Fraser MAtte

How many times did we hear … the stock market is not the same as the economy? We all knew the wave of free money would eventually break on the rocks of inflation.

Really !!

Crash … yes that is what happen when you spend 90 percent of GDP (baseline government spending (40% of gdp) / 4-6 trillion in fiscal stimulus / another 4-6 trillion on the fed balance sheet)

Did you think that level of republican, err I mean socialist spending was limitless.

Intellectual dishonesty

I wonder what happens to inflation when people realize wages are reverting to the mean and the last 30 years of ever declining real wages are over.

I wonder if the same tech used to coordinate Jan 6 events are now being used in this market for individual stocks and perhaps the broader market.

I wonder if the everyday person doesn’t allow the politicians to tax the market down ... won’t happen anytime soon

Economy is likely to end up -15% year over year. USA spent in the order of 10t (50 percent of gdp) to achieve the year over year drop.

Earnings are down dramatically albeit better then first assumed ... forward and backward looking earnings.

Short term debt repo market isn’t functioning.

There is another 6 months (at least) of the current economy. I understand the dollar play and yield curve manipulation

What I don’t understand is why people tolerate subsidizing corporate America on the backs of the average citizen .. nothing new mind you ... just surprising

It would appear the administrator is a little slow in undertaking open market operations designed to maintain the relationship of 1.5x to vix ... I would like to think these operations are not occurring after hours

This should be posting better results

The top 10 holdings (weighted as per the prospectus) are showing a collective daily return of -1.31%
At the same time HIBS had a return closer to .30%

Yesterday the same set of facts (top 10 return) allowed HIBS to perform very closely to the goal of 3x inverse

My observation is this etf struggles on days the market is green and moves to red

I get this isn’t easy ... HIBS being red when the market is red isn’t exactly what was advertised ... regardless of the reasons why