The diesel supply agreement with Russia is a very very temporary respite (though a great headline and discussion point in the business media!!) to a difficult demand/supply situation that must have other resolutions to be lasting.
By my estimates the diesel agreement is less than two days usage for the U.S. — it is a Band-Aid.
The immediate response was for about a 4% decline in the price of diesel.
I am expanding my shorts on the news.
Position: None
With S&P cash +53 handles, I am shorting another tranche of indices:
* $SPY $779.22
* $QQQ $752.61
Position: Short SPY (S), QQQ (S)
Position: None
With S&P cash +43 handles I am re-shorting the indices:
* $SPY $778.21
* $QQQ $750.63
Position: Short SPY (S), QQQ (S)
Here are today’s things:
* I added to $MSOS at $4.22 and $GLAS at $4.25 longs.
*I added to $PEP long at $125.87.
* I am reshorting $GRNY at $28.43.
* I added to my $NVDA short at $232.98.
Position: Long MSOS common (VL) and calls (S), PEP (M); Short GRNY (M), NVDA (S)
Position: None
Scott Galloway’s “No Mercy/No Malice”…. Asymmetry.
Asymmetry – by Scott Galloway – Prof G Media
Position: None
Position: None
There is currently a discussion on CNBC regarding the value and ultimate demand for the new Apple ($AAPL) iPhone offering.
As I mentioned previously there are not enough changes to rationalize the $1,800 purchase, imho.
And I have a new one, so I can testify to this!
Position: None
A potentially significant message from Jason Spatafora on cannabis:
Marijuana Rescheduling: Trump’s Kessler Move Markets Missed | StockAlpha.ai
Position: None
