What Happened Today!
Thursday April 2, 2026
MACRO:
I am too tired to really dive into that new announcement and tomorrow the market is closed so I not going to think about it at all until Sunday. That press release isn’t from last year. That came out today. Remember, tariffs is his favorite word so we were all dumb to think he wouldn’t use it again.
Trump’s new new deadline is April 6, 2026 for Iran to decide to wave the white flag. Do you think Iran is going to cow-tow to Trump? Right now my guess is Iran does something bold and foolish. Like blows up it’s own oil and then flee to Russia. If the calculus that defines your life has three solutions. Get blown up. Get beheaded. Or destroy your own country and live in Putins guest house, what would you do?
Next question, who is Trump going to throw under the bus to blame for this mess when he TACOs out again? Or, is going to commit political suicide by sending in troops to get shot at?
Don’t know.
The rumor is if the US goes into Iran to get the uranium, China is going to take Taiwan. Why wouldn’t they? China knows that Trump is weak on defense. Would China just make that move now?
Don’t know.
I said to watch the 30Yr the other day to see if it would push to 5%. And it didn’t. The market just doesn’t think this whole situation is armageddon worthy.
I rolled PUTS again on strength this morning. It’s honestly too easy to make money right now.
And I doubled them.
MICRO:
Lipocine (NASDAQ:$LPCN) fell all the way back to the channel today. Ran on the ACC/Consolition alert. Crashed in the orange-colored event window.
