Today, was the best single-day return in 26 years of market participation.
The XBI moved 7.5%. Everything went up except NASDAQ:$BOLT.
It had to be Bill Ackman’s doing. He must be the chosen signaler that the pain trade has gone on too long OR it’s because Trump watches the bond market and panicked when the 30Yr breached 5% as I said yesterday.
You can sheer a sheep a hundreds times. But you can skin it only once. This is probably the most famous Wall Street quote.
Who cares really because the stock market was just covering up the real news of the day.
Which was, Matt Gaetz said he was briefed on aliens conducting experiments on how to create alien-human hybrids? Just when you thought you knew who the dumbest person in politics was someone else gives an interview.
You probably missed it celebrating your account being green for the first time in two weeks - but it did happen today. Also, an astronomer came out and said that science basically has proof of life on another planet but that the James Webb telescope isn’t sensitive enough to meet the high bar of statistics.
So we need a new telescope.
A bigger one. And Artemis II is going to head to the Moon this week. Musk can’t get a banana to orbit and NASA is going to circle the Moon.
All of this setups up Space again… I guess.
The European Union Commission issued as statement advising all citizens of the member states to stop traveling and work from home. Demand destruction in the form of a memo. I am glad it wasn’t a tweet.
JOLTS job openings came in weaker than forecast as expected.
Tomorrow, is April Fool’s Day. So I bought PUTS on close as a hedge against alien-leprechauns.
Space! I posted Virgin Galactic the other day here is Astrotech which took off just below the channel after tripping liquidity. Since I don’t follow the sector and have a Braves Game to get to I am just posting this one.
If you want other Space! stocks ping me on Twitter.
As always, if you think there are spelling errors update your dictionary to the latest version. Happy speculation!
— AJ
Event Horizon Tools
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