Trading Desk Notes For May 8, 2021

Trading Desk Notes For May 8, 2021

  Stocks, commodities and gold surge higher, the US Dollar falls The S+P 500, the Dow Jones Industrials and Transports, and the TSE Index closed the week at All-Time Highs. The Transports (up ~145% since March 2020 lows) have closed higher for 14 consecutive weeks –...
What is everyone smoking when it comes to asset bubbles?

What is everyone smoking when it comes to asset bubbles?

  This morning: As the Federal Reserve wakes up to “elevated relative risks” and the rest of us scream “bubble”, the real questions are about real value. Why is a Bitcoin worth as much as Renaissance Art? Why is Dogecoin the top performing asset off the year when...
It’s Not a “Real” Truck

It’s Not a “Real” Truck

  I just bought a new truck. My 2013 Ford Focus (with requisite 5 speed Millennial Anti-Theft Device) couldn’t keep up with the rigors of my 3/4 mile trek to pavement multiple times a day. It was time to get something out of it before it began costing me real money,...
COMMODITY NEWS OF THE DAY

COMMODITY NEWS OF THE DAY

  Assets of all types have exploded in 2021. There’ve been NFTs, trading cards, and crypto. The latest rage: commodity prices. We tapped one of finance Twitter’s most popular accounts (@ParikPatelCFA, who writes at Bullish Studios) to explain what’s happening: Lumber:...
‘Airbnb for pools,’ just raised $10m

‘Airbnb for pools,’ just raised $10m

  Don’t have a private pool to float around in this summer? Join the club. Thanks to Swimply, that reality is quickly becoming a thing of the past — the company is basically Airbnb for private pools. And it’s growing like there’s no tomorrow Founded in 2018,...
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