KOTOV.IN
RRTLXMar 05, 12 PM UTC


1

18
CORN: inflates another +1.1% for #FullCycle Investors who aren't just long a bunch of @chamath story stocks


1

5

1

1

25
COPPER: inflates +1.4% this morning after yesterday's big BUY signal @Hedgeye


3

21
OIL: inflates another +2.4% this morning, right off the chart Alpha for #FullCycle Investors who are Long Energy and Short Gold

1

3

23
aapl
COMMODITIES: if you have this major Asset Allocation, you aren't whining like people who own $AAPL and $AMZN

1

1

11
NORWAY: stocks up another +1.2% to +4.5% in the last month with Rising Interest Rates

3

2

18
In ROC (rate of change) terms, the UK's 10yr Yield is up more than America's, fyi

1


16
cnbc
LONDON: stocks open up +0.2%... because the FTSE isn't what everyone watching CNBC is long either


1

8
@KeithMcCullough retweeted
What was your position size in % relative to your entire portfolio? Sizing your position is the real problem.


1

6
need
@KeithMcCullough retweeted
You need a bigger toolbox as every tool has its own field to shine in a particular moment

1


21
JAPAN: down a whopping -0.23% overnight... because that's not what every Momentum Monkey in America owns right now

4


38
collapse
Nothing in Cross Asset Class Vol changed yesterday - it was just another collapse in Crowded Equity Manager positioning


1

3
aapl
@KeithMcCullough retweeted
Daily Risk Ranges also had AAPL going bearish.. i cut my exposure by 2/3 that day. I cant short yet but it saved me a ton of jing$

1


20
VOLUME: #decelerated -23% vs. the 1-month avg yesterday - will review why this matters on The Macro Show 9AM ET

3

1

21
@KeithMcCullough retweeted
I didn't listen as well. Lost a ton of money, but I am wearing big boys pants. No whining, always learning.

1

1

5
aapl
@KeithMcCullough retweeted
Must have missed this tweet as well.....
@KeithMcCullough
You chirped, and you got chirped back. Watch the Macro Show and you'll learn why I'm out of $AAPL twitter.com/SST185/status/…


1

13
@KeithMcCullough retweeted
My portfolio is down this month

2

1

10
That's a monthly update product. If you want daily updates, pay for those products
@olofmol
Replying to @KeithMcCullough
As a ETF Pro sub, I would appreciate this kind of update in that product as well. Or are you bullish in the longer term and this was just a short term sell?

7

6

45
Don't wake up worrying and whining - wakeup like winners do


1

7
@KeithMcCullough retweeted
I love the way you wait until you see the whites of their eyes before you execute your trades.

6

1

10
aapl
So you missed the Macro Show where I walked through why I was taking down my Tech Exposure, big time, taking up Energy, and shorting $AAPL?

3

6

61
beating
SP500: if you're beating the market so far this year, you're probably Long Energy $XLE = +34.7% YTD

1

4

29
Today in 1616, Copernicus's book On the Revolutions of the Heavenly Spheres was added to the Index of Forbidden Books

1

1

20
@KeithMcCullough retweeted
If I was Tom Hanks in castaway, and could only have one hedgeye product, it would be the early look. Maybe I could send my trades in via smoke signal.

19

3

72



1
44/ More pictures of the marble work.

2


3
43/ Marble sink for our main bathroom is currently being handmade by our stonemason. This thing will look AWESOME when installed! I'm excited.

9

34

106
burger, panic
@SamRo retweeted
TECH PANIC!! $42.4B of $QQQ traded yesterday, a new record.

4

1

39
What an incredibly beautiful piece of real estate in #SanFrancisco, currently up on the market and for sale @ $25 million USD.

2

1

4
force
Post JP/WSJ: I applaud his belief that lab force participation is too low and good things happen if workers lost along the way are helped back. And, not allowing Fed policy to be hostage to higher (but low) yields and a small equity correction, is better than the alternative.

2


4
$USD continues to strengthen as the short squeeze comes into full play. Gold and Euro have been very weak since the start of this year.

4

26

65
federal

5

9

70
This may be due to the surprising resilience in the U.S. dollar, as the nation becomes a key global source of expected growth this year. Or perhaps investors are getting spooked by the Fed's tolerance of higher benchmark yields. Or maybe a bit of both.

7

48

139
Investors are moving away from bets on riskier emerging-markets credit, one of the consensus trades heading into this year. Yields on USD EM corporate debt have risen to the highest since November. The biggest U.S. EM credit ETF saw the largest outflow yesterday since last March

8

19

60
gathering, government, political, stimulus


1

5
@andrewnyquist retweeted
It has been a sell off across the board in most Nasdaq stocks over the last 3 weeks with just 38% now above their 50-day moving average. However, we still aren’t at the Sep/Oct levels yet. $QQQ $NASDAQ



1

4


5

2

3

23
apple
@Callum_Thomas retweeted
Äntligen fredag! För då kommer Börssnack! Denna gång med otroligt skicklige chartisten @Callum_Thomas från @topdowncharts Ett måstefölj! apple.co/3eaHmDt bit.ly/3ebT54z spoti.fi/38dsFLT bit.ly/3sSdBLK


1

2
@NordeaMarkets: We believe the recovery of the economy and the normalisation of interest rates will be both faster and stronger than expected. We therefore think Norges Bank will increase its key rate twice already this year, in September and December.

1


2
This morning's mangled ear-worm - The Fed's not for twisting, you can shout if you want to.
Twist And Shout (Remastered 2009)
Provided to YouTube by Universal Music GroupTwist And Shout (Remastered 2009) · The BeatlesPlease Please Me℗ 2009 Calderstone Productions Limited (a division...
youtube.com



2
conservatives, tax, tories
The Conservatives have enjoyed a significant bounce in the polls since Wednesday’s budget despite announcing the biggest tax rises in 30 years. A survey by YouGov found that the Tories had established a 13-point lead over Labour - The Times

1

5

19
Brent crude briefly rose this morning to a fresh one-year high of $68 a barrel, while WTI has risen to nearly $65 a barrel. Time-spreads also bid up, with the big rally in deferred structure. Brent Dec-Red-Dec rising >$4 a barrel, up more than 100¢ in the last 48 hours | #OOTT

2

58

76
OIL MARKET: After OPEC+ moved to tighten the oil market further, Wall Street expects prices to soar. Goldman Sachs has lifted its Brent forecast to $80 a barrel by 3Q. $GS says "the discipline of shale producers" likely behind the Saudi move to tighten the market | #OOTT


8

9
Primary Dealer #NFPGuesses: Citi +410K Jeff +360K SG +350K TD +300K Amh. P +275K CS +250K BoA +225K GS +225K WF +210K BMO +200K DB +200K JPM +200K Nom +200K UBS +200K Miz +175K Scotia +175K HSBC +150K BNP +140K Barx +100K Daiwa +100K MS +60K NatWest -35K RBC -100K Med +200K


1

1
Asia-Pac Catch Up: China Targets GDP Growth Above 6% For 2021 (MNI) China To Keep Flexible Money Policy, Stable Yuan (MNI) BoJ’s Kuroda: Widening 10-Year JGB Range Undesirable (MNI)



1
BJ did an outstanding job with this. Completely agree.
@BarnabusCarmud1
Replying to @KingofShirgar
This is by far the best explanation I've found: youtu.be/DRPeExoH5rY

6

4

28
The large cap technology names + other growth stocks have basically made no progress since the summer of 2020. Meanwhile, small caps and especially small cap oil & gas has more than doubled in value since autumn 2020.

3

2

6
ECB Has Room to Boost Bond Purchases to Temper Yields

8

3

8
damage
Two week market rout damage, via @stocklabs_io

2

3

31
China spending on R&D to rise 7% per year in push for major tech breakthroughs

3

2

8
electoral
China proposes changes to Hong Kong’s electoral system *

4

2

20
bust

21

239

1855
@GentsNews retweeted



4
government
Face ripper
@ForexLive
Japan 10-year government bond yields extend fall after Kuroda comments forexlive.com/news/!/japan-1

17

5

123
NASDAQ FUTS -56, THE TRAGEDY DEEPENS

25

3

99


3

6
pandemic

2

4

14
government, governments, minister, stimulus
@ABartonMacro retweeted
#China Finance Minister says at NPC “no sharp turn” for fiscal policy, China to “resolutely resolve” hidden financial risks, debt issues of local governments, reducing quota for special local government bonds to RMB3.65trln. (2020 quota was RMB3.75trln as China boosted stimulus.)

4

27

127
remembering
@JustinWolfers retweeted
Today would've been Alice Rivlin's 90th birthday. An amazing woman who made a huge impact on this world, I'll always be grateful for everything she taught me. A series of reflections remembering her life & contributions as a public servant: brookings.edu/remembering-al

1

1

4
What’s interesting is that all of these are large. Which are likely fulfilled by merchant / $MWK.

1


4
Commercial dehumidifier under $MWK HOmeLabs brand.

1


2
Compact dryer by $MWK HOmelabs brand. Pretty neat.

2


4
Cool looking wine cooler from $MWK HOmelabs.

1


2
Not as interesting but other launches from $MWK are below.



1
JGBs well bid in early afternoon trade after Kuroda expresses no desire for a widening of the permitted 10-Year JGB yield trading band.

8

6

34
suspect
Mohawks RIF6 brand has gone full fitness it looks like: $MWK Notice how their aqua row product image says “RIF6 Fitness Collection” I suspect collection doesn’t equal 2 items. This was on their DTC site.

1

5

12
covid, cuts
@ABartonMacro retweeted
#China cuts 2021 budget deficit goal to around 3.2% of GDP, Premier says. (Budget deficit target was set at above 3.6% in 2020. Beijing had widened it then for more fiscal wiggle room to manage #COVID19 fallout.)

5

3

26
Whack-a-mole & Duck Feeding
@truthhurts_135
@KeithMcCullough ‘s investing strategy told as 2 carnival game pictures... #HedgeyeNation

5

3

40
I like shorting Ackman ideas
@j_flann85
Replying to @Hedgeye and @KeithMcCullough
Keith - hedgeye subscriber here. I haven’t heard you mention @BillAckman SPAC yet? PSTH. Do we not trust ole wall BILL? Or is this an opportunity on this pullback?

4

2

26
panic
@KeithMcCullough retweeted
@KeithMcCullough loaded up yesterday at low end of risk ranges. Watched early look-realized I made a mistake and sold at open. Recouped all I was down by following your buy signals today. No panic. Learning.

6

4

72
Nope. Moved back to net LONG today, covering Gold and $TLT $XLU Shorts, buying some smaller cap growth equity

2


16
haha
@PHfloor
Replying to @KeithMcCullough
You don’t know how many copper maximalists you made happy today...

2


18
You hit the button, cheers
@smdaniels86
Replying to @Hedgeye and @KeithMcCullough
How do I subscribe to the early look? Dm open. Thx.

1


15
Hope is not a risk management process, Jeff. Sounds like you are beta. Be better
@JeffGao53059987
Replying to @KeithMcCullough
spooz down 4PCT since 24Feb. I'm down 4.2PCT. Hope to do better next time.

2

1

32
virtue
Whack-a-mole!
@Hedgeye
"I will buy anything that I deem to be a Commodity by virtue of its Volatility characteristics (including #Bitcoin $BTC ) provided it's at the low end of its Range and we're in #Quad2 ." via @KeithMcCullough Full clip here: app.hedgeye.com/feed_items/963

13

13

16
pfizer
@hmeisler retweeted
If you have had the BOTH the first and second PFIZER vaccines, please state your reaction to the 2nd one:
Sick as a dog for 2 days.
Modest flu-like symptoms.
Injection site pain only.
No reaction.
1,305 votes10 hours left

5


27
Ozzy’s in the rebellious smoking phase of his teenage years.

3

29

57
congress, national, pandemic
@ABartonMacro retweeted
#China kicks off National People’s Congress. Premier delivering his “work report”- plan for 2021. China sets GDP growth target of over 6% for year. (Talk had been Beijing might skip target as it ended up doing in 2020 due to pandemic. Beijing showing it sure does like targets.)

5

29

59
@marketminute retweeted
Argentine #soybeans rate just 10% Good to Excellent this week, down from 15% last week. #corn falls to 25% G/E, down from 30% last week. #oatt

4


14
I just got an Instagram ad that’s targeting... billionaires?

10

1

29
beer

1


13


1

11
@KeithMcCullough retweeted
Thank you. Although I already have a list of things to buy or sell each day, your RTAs always help me time the market better.

1

5

26

1

2

22
arms
BINGO. And grazie!
@ETFProfessor
@DiMartinoBooth - Danielle - When you said "watch the @moveindex on our Happy Hour I yawned and then I checked today and threw my arms up! NICE CALL. Better telegraph than the #VIX .@vixologist @leadlagreport @michael_venuto @DavidDziekanski #fixedincome

10

4

19
emergency, stimulus
He held line by entering verbiage into last stimulus bill that prohibits Yellen from flipping switch back to ON on shuttered credit facilities w/o Fed providing fresh justification for doing so, a new emergency. While up for interpretation, “IG fell out of bed” should not qualify
@AngelaCTheWorld
Replying to @DiMartinoBooth and @business
Why Toomey?



1
pelosi
Pelosi is my safe word.
@DowdEdward
What kind of sorcery is this? This clown show is beyond epic now.

5

4

31
need, treasury
No need to bookmark this (now that I know how ). @bondstrategist pins this Fed balance sheet update that will be an increasingly hot subject as we approach the end of the quarter.
@bondstrategist
Fed B/S Update: A reversal this week as the MBS category saw a reduction (don't worry that will get re-stocked soon). The B/S is basically back to the same level as of mid-Feb @ $7.56T. Treasury & TIPS purchases keep powering up. Again all of the action was on the liab side! 1/2
Show this thread

3

1

26
panic
@KeithMcCullough retweeted
BEST part of today is that I felt zero panic. Knowing the current Quad and next quarter's Quad allowed my emotions to be in check so I could execute my process/plan. Thanks @KeithMcCullough

4

1

29
@KeithMcCullough retweeted
Dude, I could barely follow you today. My fingers hurt from all buying and shorting. Got to a point when I said: “fuck the work today”, went to my car and spent over an hour buying on the dip. You are a great leader. Thank you!



Listen in to the Friday preview call.
@LMAX
Testing the Fed's resolve.

1


12
cnbc
Tu mission es mi mission.
@SidhuMel
Replying to @DiMartinoBooth and @ValuetainmentTV
#Mailey always watching and learning!! Whether your on @CNBC @FoxBusiness @BNNBloomberg @RealVision or @ValuetainmentTV, #Mailey is always adding them on to good ol' watchlist and plugging through them like its a mission!!



1
Thanks!!!!
@NYRick_Grimes
Replying to @sharigordon and @marketminute
She’s the best.

1


Markets this week be like "Ah ya that's great Jerome...you don't think inflation is going to shoot up for any meaningful period of time.....BUT...what if you're wrong and it does??!"

3

5

54
wreck list: -break 50dma -break 3800 -break 3700 -break 200dma $SPX $SPY

2

4

7
trapped
@DiMartinoBooth retweeted
Think about being in a variable rate mortgage that's in forbearance. The double whammy would be extremely problematic: much higher monthly payments. Even without a variable rate mortgage, many are trapped and in extremely serious trouble with rising costs.

1

4

11


12

26
pandemic
New podcast ep! (And the Readout Loud’s 150th!) This week is the anniversary of when the pandemic hit the US biotech community. We discuss: Merck+J&J: a team of rivals What’s next, w @DrewQJoseph Is it ok to feel optimistic? w @ashishkjha

9

4

169
Absolutely stunning sunset here in Boca Raton. Great to be here to film with ⁦@ValuetainmentTV

4

20

26
@DiMartinoBooth retweeted
The knock-on economic impacts of the torrent of insolvency and bankruptcies coming are only in their first inning. It seems these impacts being massively underestimated by the consensus view (see: roaring recovery). What's happening with WPG is the first of many dominoes to come.
@DiMartinoBooth
Mall owner Washington Prime Group preparing potential bankruptcy filing as time runs out to avert a default after it skipped an interest payment on its debt. The real estate investment trust, which owns about 100 malls throughout the U.S. @business

16

6

49
@DiMartinoBooth retweeted
People also tend to forget this is about affordability, assumes you maintain your income; not asset inflation. Keeping the monthly payment (affordability) constant, a change in mortgage rates from say 3% to 6% would take a $500k home down to $350k.

1

1

6
national
@DiMartinoBooth retweeted
Here on Earth it does matter.
@Mayhem4Markets
The Atlanta Fed's national home ownership affordability index was already trending in the wrong direction. Recent increases in rates that are translating to higher costs for mortgages mean perspective homebuyers aren't able to afford as much home. This creates a ripple effect.

7

3

28
senator
PAGING SENATOR TOOMEY! *Investment Grade CDX, which trades on spread, is more than 4 basis points wider this morning, the biggest jump since Sept. 20 *High Yield CDX, which trades on price, is nearly 1 cent lower, its biggest drop since Aug. 14 #JandJ @business

5

41

111



1
Cheers Kit. Hope all well.
@kitjuckes
Classy chart analysis! twitter.com/joelkruger/sta…

3


16
btw, I still think there’s a ton of buying pressure, even though there are obviously air pockets in intraday trading.


1

4
Classy chart analysis!
@JoelKruger
Not too sure we should be expecting much more upside from $USDJPY. Has it really gone anywhere? Here's a look at the weekly chart going back to 2015. It's just one big range contraction. Volatility ahead. But don't be so sure it will be a bullish breakout.


1

5
@DiMartinoBooth retweeted
Off topic, but just heard your RV interview from last year which they just posted for non subscribers. Your description of "protected universe" and "unprotected universe" was, in the words of Kenny Bania, "Gold Jerry, Gold."

7

18

111
Drops like these are healthy (even normal), and they can even happen in strong markets. I'm just gonna leave this right here.


1

1
Not too sure we should be expecting much more upside from $USDJPY. Has it really gone anywhere? Here's a look at the weekly chart going back to 2015. It's just one big range contraction. Volatility ahead. But don't be so sure it will be a bullish breakout.

4

7

24
federal

13

11

120
US 10YR 1.557%; CATACLYSM

1


3
flag, rules
Alt farming & buzz words don’t bother me. Nor is it the co’s fault. Technically the stock was well set up. I had a profit that we didn’t take. Or go to a no loss stop. It’s my bad I broke w/ the rules. I got attached. Got ahead of myself. But only 2 losing trades in last 5 mos.
@NYRick_Grimes
Replying to @marketminute
Hearing him put a focus on “climate” is a red flag for me. These CEO’s today always have to somehow mention “climate” or a “better planet” in every interview they give. Enough already. It’s so disingenuous and silly.

1

10

41
need
@mcannonbrookes retweeted
The seating in our vehicles is designed for a great experience. Everything you need is at your fingertips – choose a song, control the temperature, check your ETA, enjoy the ride. #ThisIsZoox

1

5

18
junk
Junk only has $47 billion in refinancings in 2021.
@jasonbourneszy
@DiMartinoBooth WHY no move in credit spreads? Have you EVER seen this behavior before - 10yr rate large move up, equities sort of breaking down today & no follow through in credit spreads. twitter.com/JackPScott/sta…

10

1

37
@AdamBaxendale3
Replying to @JJ21338337 @bondstrategist and 2 others
CPI is accurate.

6

13

46

4

1

10
dictate
@DiMartinoBooth retweeted
Respectfully, interest rates dictate how much home an income can afford. Homes would become affordable to fewer people at current prices. If income increases (e.g. UBI) offset interest rate increases - then the decline may not be as significant.

3

13

26
unemployment, fake
@DiMartinoBooth retweeted
I find it fascinating that the Fed needs to admit BLS unemployment data is fake to perpetuate QE infinity while also hiding the fact CPI data is fake as signs of inflation are everywhere so they can also perpetuate QE infinity.

24

1

40


2

9
covid


3

5
tv
@JoelKruger retweeted
Check out today's episode of SportX TV with @JoelKruger Today’s Pick: Michigan vs. Michigan St. Check out the episode for the pick and analysis youtube.com/watch?v=Ge3Rxj

7

11

51
Highest Naz volume since 2/11

10

6

71

2

30

48
@JustinWolfers retweeted
Striking graph summarizing the unusual "Shecession" of 2020 from @TitanAlon @mdoepke @janeor_econ @TertiltMichele

3

4

101
@mcannonbrookes retweeted
The @trello and @Atlassian teams don’t get enough credit for how they merged and didn’t ruin the product and experience for devoted Trello users.


1

13
@Callum_Thomas retweeted
Capital Market Assumptions (Feb 2021): -US equities face considerable valuation headwinds -Frontier markets + commodities look good -Growth assets mostly still look better than fixed income -Within fixed income the riskier end looks better Chart Source: topdowncharts.com/post/market-cy

2

1

7
Quite the pile of fungible tokens there...
@Callum_Thomas
Personal Savings Things are going to get interesting... $MACRO #Roaring20s
Show this thread

1

11

44
@Callum_Thomas retweeted
Late last year I decided to combine my 10 big global macro asset allocation ideas into one basket, which I termed the mega-theme... Here's why I named it, what went into it, and what to watch for:

2

392

1070

9

9

75
@callieabost retweeted
The S&P 500 just recorded its first back-to-back days with a drop of more than 1% since September.

4

6

41
“Formula for Success: Rise Early, Work Hard, Strike Oil” -- J. Paul Getty

12

49

166
treasury
The Fed's balance sheet actually shrunk a touch, by about $32 billion, last week amid the Treasury selloff.

11

1

58

3

6

22
@DiMartinoBooth retweeted
Never mind retailpocalypse affecting individual businesses, mall owners are closing their doors to entire centres now...
@DiMartinoBooth
Mall owner Washington Prime Group preparing potential bankruptcy filing as time runs out to avert a default after it skipped an interest payment on its debt. The real estate investment trust, which owns about 100 malls throughout the U.S. @business


4

12
federal
@DiMartinoBooth retweeted
My candle burns at both ends; it will not last the night; but ah, my foes, and oh, my friends – it gives a lovely light! Edna St. Vincent Millay June 19, 1918
@DiMartinoBooth
The Weekly Quill — The Curve Burns at Both Ends Confidence in the Federal Reserve is Put to the Double Test #Quillintelligence #DiMartinoBooth linkedin.com/pulse/weekly-q


2

13

1


7
president
The first position in as long as I can remember, that I held and position sized for with a really wide stop to sit with-AND-closed out today with the loss I planned for. I root for this co-but the stock now, is not worth trading til it gets closer to 14.62 (Jan low) & holds there
@Benzinga
$APPH "Creating A Better Food Company" | David Lee, President of Appharvest (APPH) Twitter: @anotherdlee twitter.com/anotherdlee?la | Full Interview: youtu.be/r3_xE-6XnWw



4
You know how there’s Cap’n Crunch With Crunch Berries but also Oops! All Berries? This sport is Oops! All Bicycle Kicks.
@SportsCenter
Sepak takraw is an incredible sport @espnfc (via astroarenahd, sbyrne23/Instagram)

28

67

360
aapl, portnoy
@GentsNews retweeted
Dave Portnoy's $BUZZ ETF is now live. Top holdings: 1. $TWTR 2. $DKNG 3. $F 4. $FB 5. $AMZN 6. $AAPL 7. $AMD 8. $AAL 9. $NFLX 10. $TSLA

10

99

305
treasury
The average dividend on the S&P stock is roughly even again with 10-year Treasury yields for the first time since early last year.

3

1

9

8

7

25
bailout, council, lawsuits
“It’s no longer a question of IF the state will have to step in & rescue the Electric Reliability Council of Texas, it’s a question of WHEN it will happen and how much it will cost to winch state’s beleaguered electricity system out of the financial ditch”

18

3

76
She is underweight FANG

16

73

132
Mall owner Washington Prime Group preparing potential bankruptcy filing as time runs out to avert a default after it skipped an interest payment on its debt. The real estate investment trust, which owns about 100 malls throughout the U.S. @business

2

1

23
@DiMartinoBooth retweeted
Crazy what banning foreclosures and evictions can do!

21

12

97
Down Town Association, a social club in Manhattan's financial district founded in 1859, filed for bankruptcy Thursday. Club listed assets of $74,859 compared to nearly $7M in liabilities, including more than $1.9M in unpaid rent & thousands of dollars in severance payments.


1

4
I feel like the devil to your angel as I have poo poo'd most of the symbols you've thrown up on the stream-and glad I did as you would not be happy right now. It's not enough to make a low, it has to prove that is the low-see no evidence at this point
@Niscoh1
@marketminute SPLK more then 60day low it is a data maining- compny

8


19
collapse, covid

2

5

10
treasury
MOVE print should be ugly today. $LQD down 5.4% ytd and trying to close above a key level of $130. A Treasury event through to credit would qualify as “disorderly.”

3


16
I love when @WilfredFrost talks charts.

4

1

40
Maybe I've just been doing this a long time, but I've seen a lot of volatile bond markets and this one isn't disorderly imo. Credit spreads are well behaved, financial conditions are still loose, not showing stress.

1

3

41

2

1

8
@DiMartinoBooth retweeted
but Supply -
@EpsilonTheory
In 2007, the Fed thought subprime was “contained”. Then the housing market broke us. In 2021, the Fed thinks inflation is “transitory”. And the housing market risks breaking us again. The ET Pack is going to figure this out. Together. No paywall today. epsilontheory.com/the-opposite-o
Show this thread

2

1

12

6

6

25
bailout, need
I see Yellen championing FHA bailout. Delinquencies have fallen to 17.0% from 17.5% Nov peak. The same cannot be said for Seriously Delinquent; that remains at peak 11.8%. For perspective, post-GFC peak: 14.4%. And most of these borrowers need assistance to make 3% down payment.
@unfreemarkets
Replying to @DiMartinoBooth
The most screwed people are first time buyers who bought a house in the last 3 month with < 20% down. There will be no escape.

5

2

39
FANGarama hardly down today. Some are even green
@sharkbiotech
all the liquid stocks Cathie been selling to buy her illiquid stocks holding up relatively well

3

7

35
chicken

1

2

27
@KeithMcCullough retweeted
Tough times don't last, tough people do. - Robert Schuller @KeithMcCullough reminds us that mistakes are part of the process and importantly they should be the fuel that drives us to refine and evolve our process.

3

5

19
slam
Good question. GREAT @Quillintel chart if I don’t say so myself.
@Theimmigrant84
Homebuilders are increasingly “pre-selling” housing amid robust demand. How long until rates slam this on the breaks? @DiMartinoBooth

5


13
Arch Crawford was right.

7

10

28
congress, gross
Fresh data from @USCBO which does NOT incorporate the $1.9T check Congress is about to write. “Debt will be equivalent to 202% of gross domestic product by 2051 from 102% this year, the nonpartisan arm of the legislature said Thursday in its long-term budget outlook.” @business

1


7
Makes sense
@ChipotleTweets
Burrito lovers beauty lovers
Show this thread


5

12

16

26

93
treasury, slam
Context: The 10-yr Treasury increased from 2.20% in September 2017 to 3.15% in October 2018. That was sufficient to slam the brakes on housing. And home prices are much higher today, a polite way of saying “much more sensitive to rising rates.”
@johnamacro
Replying to @DiMartinoBooth
LOL With rates at 7% I think we'd see appraised values approximately cut in half. That would definitely ease yoy price gains.


2

4
biden, president, stimulus

8

12

135
There are more new highs than lows on the NYSE today (by 7 little stocks but still. )

6

6

36
Currently around 120 million shares and a year ago we had just shy of 150

12

6

31
@DiMartinoBooth retweeted
Always read a 1% jump in rates, lowers prices by 5-6%. Maybe that's wrong, but I think Math and economics are still a thing ?

12

11

88
We might get record volume on the QQQs today

1

1

3

59

14

195
Can someone please tell me how to bookmark a tweet?
@hereforthedip
Replying to @windgineering @DiMartinoBooth and 7 others
There’s no correction in the residential real estate market coming. 7% mortgage rates will only ease yoy price gains.

7

1

22
government, stimulus
"The stimulus is only one part of the equation driving the inflation overheating narrative. A disproportionate amount of what is being spent by the government is being saved. The other part is the fact is shipping and manufacturing" #Bloombergtv
Is the Fed Going to Revive Operation Twist? — DiMartino Booth via...
Is the Fed Going to Revive Operation Twist? — DiMartino Booth via Bloomberg#QuillIntelligence@Danielle DiMartino Booth #Bloomberg MarketsTV ShowsMarch 2nd, 2...
youtube.com

14


108

1

7

38
@DiMartinoBooth retweeted
@cvpayne had THE best analysis of Jay Powell’s *flub* w @DiMartinoBooth and @rebeccawalser ... spot on commentary from a great host and a great panel!

23

97

634
@SamRo retweeted
Robinhood's brand new investor hotline right now

5

4

23
@DiMartinoBooth retweeted
Friend, the real estate dream is just that. Prices will fall. It’s a choice for th Fed to either hyper inflate day to day goods, crowding out disposable income through inflation or letting interest rates rise (buying a payment rather than a home price).

4

4

16
charges
@SamRo retweeted
glad this is behind us *BOXER MAYWEATHER, DJ KHALED SETTLED SEC CHARGES OVER PROMOTION


2

20
@KeithMcCullough retweeted
So much to learn from the RTA... From positioning to timing (and much more), it definitely helps NOT BE the uninformed volume !

19

2

87
How many 50 handle rallies are we gonna have today?


1

13
alerts
@KeithMcCullough retweeted
Yes!! His commentary within the alerts is so helpful!!

8

5

52
@KeithMcCullough retweeted
@KeithMcCullough just hit the button on 10 #RealTimeAlerts signals in the last ~45 mins -- each with detailed color on the specific exposure, as well as our view on the broader market(s). #subscribe to see his thought process in... real time. The alternative is @ZeroTransparency

1

4

6
facebook
@DiMartinoBooth retweeted
Chubby Checker - The Twist (Official Music Video)
Celebrate the 60th anniversary of "The Twist" with new commemorative releases:https://abkco.lnk.to/chubbycheckerFollow Chubby Checker:https://www.facebook.co...
youtube.com

1

1

10

3


33
Just listening to my Country tunes, executing
@steve_capital
This man is helping us navigate a s#@! storm and he still has time to tweet us and send out RTA's @KeithMcCullough I think we owe you a pat on the back, or a bottle of wine. Alright everyone back onto the ice, this one isn't going to end without tossing the gloves

4

1

34
Thank you. There was a LOT of coaching in RTA in the last hour!
@ThomasHein168
Replying to @Hedgeye and @KeithMcCullough
@KeithMcCullough Keith, great Macro Show today! You are getting better as a coach each day!

6

30

130
Currently, the Nasdaq is down 9.9% from the all-time high. Should it close in correction territory (down 10%), this would be one of fastest corrections ever. 2020 had the two fastest corrections ever btw.


1

20

1

1

10
@KeithMcCullough retweeted
We sharing our tranquility photos? I’ll play...

12

3

88
That's not a dip
@jamesSt61046664
Replying to @KeithMcCullough
Would you be buying the dip in gold...

1

1

8
@KeithMcCullough retweeted
@HedgeyeEEvans that little company from New Jersey look good here? Asking for a friend @KeithMcCullough

4

3

18
covid


2

6
has steve mnuchin called the banks

5

14

58
charged, covid
@DiMartinoBooth retweeted
As @adam_tooze notes, in America it is twice as expensive for small business to get credit than big business. (via @DiMartinoBooth)
@adam_tooze
The interest rates charged to small businesses in the US, according to these data, are twice those to large firms and tightening as the COVID-19 crisis bites. @DailyFeather via @SoberLook

17

21

112
Even an allusion to a twist possibility would have been helpful. This could be a bumpy blackout.

11

3

47
Will the USD rally cool the commodity love?

15

15

58
treasury
I'm not sure why so many find the Fed's stance surprising. The move up in yields is driven by "real yields" consistent with improving growth prospects. As long as its an orderly advance why is a 10yr treasury yield of 1.6% a big deal?
@TimDuy
Latest Fed Watch: "This is all uncharted and hence uncomfortable territory for all of us...Barring a financial accident, the Fed will tend to hold a steady path...emphasizing its commitment to low rates ... as sentiment shifts around it.” sghmacro.com



2
Here is the link and thank you! bit.ly/3kKiq6V

7

9

71
S&P 500 broke the 50-day yeesh.

6

2

24
demands
@DiMartinoBooth retweeted
My favorite "Yes" album comes to mind. "Close to the Edge!" The man cannot ease to help markets any more because the "market" demands tightening. And he cant tighten because he made markets addicted to easing. So what's next?

16

17

173
How do investors model and trade around policy unpredictability? How effectively can they model policy makers' likely responses to different economic data and market developments, rather than the data themselves?

18

97

369
Today is a good demonstration of how much markets rely on policymakers' decisions above any fundamental economic data. Fed Chair Powell surprised bond & stock markets with his unwillingness to talk down recent yield moves. OPEC+ nations seem committed to higher oil prices. (1/2)



3
CATHIE WOOD TURNED ME INTO A NEWT!!!


2

6

1


3



1
The bond market is a cruel mistress.



1
THANKS, JAY!!!



1
I'm sorry. I have to do some hedging trades.



Did you think bonds were going to beat you to within an inch of your life and then just STOP???

6

25

84
Oil jumps to the highest since 2019 after OPEC+ surprised markets and decided not to alter its output. “Demand is only going up and it looks like supply is going to be slower to respond.” bloomberg.com/news/articles/



2
Depends where you look
@CRemodel
Replying to @marketminute
Deflation soon ? Asking for a friend



3
Yes major tankage
@SarjanZaveri
Replying to @marketminute
JNK!!


1

4

53

130

375




4

2

13
Message today appears to be "disorderly" vis-a-vis 2018.
@MrBlonde_macro
Replying to @bondstrategist
can also see clearly how real rates have influenced market preferences (i.e. equity internals). but message today is very different than real rate rise in late 2018...so far twitter.com/mrblonde_macro…

7

34

108
We've shared this chart a lot, but the two previous best starts to a bull market ever ('82 and '09) both began to tire some around now. After a 76% rally, why would this time be much different? Time to catch your breath is necessary to continue on the journey.



cops, gun, nypd, violence
Now do we have to hear that "It's an expression of their individuality" bullshit?
@NYCPBA
Graffiti that plagued NYC in the '70s & '80s is back. @NYCCouncil ignored until it got out of control. Now, they want the cops to clean it up. We have out of control gun violence–is this a good use of our cops? Isn’t there another city agency for this? nypost.com/2021/03/03/nyp



administration, biden
It even SOUNDS like the Biden Administration.
@RevShark
Breadth now is more than 5 losers for each gainer



pelosi
BEYONCE!!!
@SpeakerPelosi
Who was the first woman to receive a medical degree in the US? #WomensHistoryMonth
Show this poll

18

8

143
PA: Covering some of my Long Bond $TLT Shorts here


1

16
@KeithMcCullough retweeted
@KeithMcCullough fed the ducks some #xle a bit too early, good problem to have...

1

2

15
@KeithMcCullough retweeted
@KeithMcCullough Keith, all I can say is Thank God I found Hedgeye! You and your team have saved my retirement account from the folly of old wall knuckle heads. May God Bless you and give you a long, long, long life!!!

1

3

18
@KeithMcCullough retweeted
Do yourself a favour tweeps and go read This book. It is an eye opener! Recommended by Keith

2

12

54
average max drawdown in a year is 14% for the S&P. we’re down about 5% from the Feb high. yhoo.it/3kJkYlI

2

53

58
sars
@megtirrell retweeted
1/3 New Connecticut #SARSCoV2 variant surveillance report - @CovidCT B.1.1.7 is rising rapidly, now close to 25% of positives in the New Haven area (based on SGTF results, purple). I'm worried that a rebound in cases will follow. report here covidtrackerct.com/connecticut-sa

2

35

70
coronavirus, trial, trials, nytimes
@megtirrell retweeted
Updates to @nytimes coronavirus vaccine tracker include 1) 81% efficacy for Bharat’s Covaxin, 2) 83% efficacy for Sinovac in Turkey 3) Cuba’s Soberana 2 goes into phase 3, 4) Gritstone starts a trial on adenovirus/RNA vaccine 5) J&J trial for children

5

60

180
@JavierBlas retweeted
Oil demand will be rising very rapidly in the spring, by 3-4 million b/d by July. We are already trading May contracts. #OPEC trailing this demand by several months will overheat the market.

6

18

48
crash, pandemic
@JavierBlas retweeted
This piece I wrote a year ago seems relevant to today's OPEC+ outcome. Much easier for Saudi to let price rise & mkt tighten when shale's growth has been kneecapped. Rig count will still rise if WTI does but not like before.

24

55

320
@SamRo retweeted
$SPX approaching a 5% correction. Is that unusual? No, you should expect, on average, three 5% corrections a year. You should also expect, on average, one 10% correction every year. This is how the market works.

3

1

12
struck
One of the best videos ever.
@cvpayne
Making Money with Charles Payne There is No Joy in Mudville Move over Casey, Powell Struck Out Chatbots Bitcoin $1,000,000 @DiMartinoBooth @KristinBTate @wadhwa @emilydparker @rebeccawalser @fitz_keith @DavidANicholas @ntengler RT Song: Sledgehammer youtube.com/watch?v=OJWJE0

1


7

3

25

73

1


7
The beatings will continue until bond market morale improves.

5

1

27
i'm in a meeting. something going on in the stock market?

262

490

2535
@SamRo retweeted
$TSLA now down 28% since buying Bitcoin.

3

50

177
The Nasdaq's inverse correlation with yields is increasingly apparent.

31

129

227
minister
AMERICAN SHALE INDUSTRY: “Drill, baby, drill is gone forever,” says Saudi Energy Minister Prince Abdulaziz bin Salman, who is all but declaring the end of the U.S. shale revolution | #OOTT #Texas More on @TheTerminal

7

86

233
The gap between 10-year and 2-year yields climbs to the highest since 2015.

4

3

15
So basically Powell implied we will do nothing on rates as they are controlling inflation (which of course is not close to target) but would be bad if happens. $TLT

12

7

79

23

196

569
Fed Chair Jay Powell didn't say last week's move in U.S. yields was disorderly, signaling that the central bank didn't intend to take additional measures to suppress the recent selloff. The result: yields swing higher.

8

2

31
Unusual activity in XOM calls? Oy.


7

37
Steve Jobs on bringing in “managers”

2

7

35
NAAIM Exposure Index now 65. Was 108 three weeks ago. I know I harp but please see my pinned tweet.

4


30
People freaking out during a Powell speech because they think the Fed is being too lax because it's saying basically nothing is not something I had on my 2021 bingo card.

2

20

58
soaring
OIL MARKET: The full communique of the OPEC+ meeting is below, with my highlights: Saudi Arabia is extending its voluntary output cut another 1m b/d, and the cartel isn't increasing output for April | #OOTT #SaudiArabia #Russia Our full story is here: bloomberg.com/news/articles/

4

6

22
cnbc
@marketminute retweeted
its amazing to me that the guys on @CNBC don't get why bonds are falling after the text of #Powell speech was released. There was NO comment on the problems in #repo market that has been seen in the past few days. And there was NO comment on interest rate control or "Twist 3"



5
Over the life of $TLT, we are hitting some of the more drastic moves in history. Currently over 12% below its longer-term averages. 200 days here as the metric. History is friendly to this move. Flat to positive 100% of the time 20-60-120 trading days out.



3


1

1
treasury
10-year Treasury yield moves above 1.5% as Powell speaks



Jesus... What did Powell say to spike ten year rates?


2

3
unemployment
@SamRo retweeted
Fed Chairman Jay Powell to @NickTimiraos: "4% would be a nice unemployment rate to get to, but it will take more than that to get to maximum employment."

4


5
What's all that nautical stuff?

23

3

54
Guys, I don't watch BTC much but is it now trading with the 10 yr?


1

15
Congrats @silviakillings !!
@talkingbiznews
.@silviakillings to lead Americas editing hub at @business: talkingbiznews.com/they-talk-biz-


2

3
stimulus
it's not stimulus, it's a sedative.



$COTY looking like a good short under 8

19

23

262



3
In our Daily last night we wrote this: This makes Thursday pivotal as we watch for more sectors to break down or hold. So far true marketgauge.com/resources/mish



1
Oil surges more than 5% after OPEC+ reportedly agrees to keep oil output unchanged in April

2

3

25
@DiMartinoBooth retweeted
Great way to start your rates day, daily by @beth_stanton
@beth_stanton
#TreasuriesToday: Yields lower inside Wednesday's ranges, curve flatter. Next week's auction sizes at 11am: $58b 3Y new issue, $38b 10-year and $24b 30-year reopenings projected. Fed targets $1.75b in 20-30yr coupons in 10:30am op. Fed's Powell speaks at 12:05pm sans text.

9

4

37
bailout
Bite your tongue, Dave.
@DavidBCollum
There will be a Fed bailout of the states, and I will be so pissed off.

121

205

1630
@DiMartinoBooth retweeted
Banning books is a slippery slope. History has taught us this again and again.

19

78

289
biden, covid, democratic, senate
@marketminute retweeted
U.S. SENATE AIMING FOR VOTE TO MOVE AHEAD WITH BIDEN COVID-19 AID PLAN AT 1 P.M. EASTERN (1800 GMT) ON THURSDAY - SENATE DEMOCRATIC AIDE

1


2
CEO very optimistic
@NYRick_Grimes
Replying to @marketminute
They made an acquisition the other day. Market may not have liked it or felt they overpaid. 25% moves don’t happen on a simple offering. Is what it is now. Still believe in it longterm.

1


5
Jobs day tomorrow. When do #NFTGuesses start?



Which gets to $70 first, oil or $XOM?


3

7
It has been a long year away from family and friends. Vaccines!
@SamRo
Traditionalists, which BofA defines as those aged 73 -92, are flying. “We do not see the same pattern for lodging which may suggest that traditionalists are traveling to see family rather than take vacations."

1


2
I am sorry-hopefully it stops the bleed here over 20.00
@NYRick_Grimes
Replying to @marketminute
Unfortunately for me I am transferring a security to another brokerage and because of that all of my back stops were canceled so I’m taking the whole ride down the elevator. Thanks Chase.

1


3
classes, college, need
Used to joke about my journalism degree. Now I'm v thankful for it.
@BullandBaird
What would I change about my education if I could go back to college and still want to work on Wall St? I'd keep my History classes for sure, there are so many lessons to be learned. I'd also keep the math. I'd ADD more public speaking, psychology, and writing. You NEED THESE
Show this thread


2

7
covid
@EPBResearch retweeted
#Treasuries Japanese SELL BONDS 'like never before' 10yr REPO squeeze, 'JPOW, PLEEZ!!' BoJ shares nearly DOUBLED this wk? daily: bit.ly/3qgQZD1 The Money Supply Mystery bit.ly/3sNA5NN thanks TO @EPBResearch for this one (M4, PRE covid)





1

13
court
"Hold on, I'm putting my headphones in," she mumbled for the 20,000th time that morning.



death, lawsuit, portnoy
I PICK 2!!!!!
@stoolpresidente
Hey @MerrillLynch Im considering my options if you don’t let people buy $buzz soon 1. Class action lawsuit 2. @Vindog56 meme’s you death.


6

22

2

4

5
Traditionalists, which BofA defines as those aged 73 -92, are flying. “We do not see the same pattern for lodging which may suggest that traditionalists are traveling to see family rather than take vacations."



1
covid, illegal, terrorism
Domestic terrorism?
@nypost
108 illegal immigrants in Texas who tested positive for COVID reportedly released trib.al/m63aaIE



2
Please keep me posted
@LaughSmileGiggl
Replying to @marketminute
The CEO is on Benzinga now.

1


1
Yeah-we are out of it now -$APPH too bad-only 2nd loss this year and one I was so enthusiastic about-but I will watch and be back at some point-massive liquidation so have to check the news
@NYRick_Grimes
Replying to @marketminute
Did they have an offering? Getting crushed today.

3

11

38
covid, vaccination
@emmarcourt retweeted
If you've been struggling to find a Covid vaccine for someone in an eligible group, now is a good time to check again. Supply is . Some mass vaccination sites are switching to 24/7 operations, and pharmacy chains suddenly have appointments available in many states



biden, democrats
Seriously, though. Who thought Biden and the Democrats were going to take power and the price of oil was going to go down??? No brainer. cc: @jimcramer

1197

881

1741
suit
@SamRo retweeted
We're going to start seeing ad campaigns for a post-vaccine world. Suit Supply just sent this out under the heading, "The New Normal is Coming." Too soon? Not soon enough? Thoughts? (And let's keep it clean, folks.)


56

95
soaring
OIL MARKET: Brent and WTI surge more than 4% after OPEC+ decides against a production hike. Bond vigilantes are going to get another reason to worry about inflation: Saudi Arabia and oil prices | #OOTT

5

1

16

7

15

73
Crude is up big right now. The last two times crude oil gained >5% or more? Nov 9 and October 5. The S&P 500 added 1.2% and 1.8%. Higher crude isn't always bearish.


3

16
@KeithMcCullough retweeted
‘We will be right. We will be wrong. But we will never be the crowd.’

1

1

8
@KeithMcCullough retweeted
The sweet CALMing sound of emergent properties extracted, deciphered, and communicated by @Hedgeye @KeithMcCullough



BRENT CRUDE FUTURES RISE TO HIGHEST SINCE JANUARY 2020


1

4
covid


2

10
#LPLAdvisors the latest Monthly Client Letter is out! Go to the @LPL Resource Center to share with your clients.

3

2

26
herd

4


15
It's already there, cheers
@MattUlatowski
@KeithMcCullough Can you please create a book suggestion list on the HEDGEYE site? That would be awesome.


4

12

1


5
Sorry this was completely false

6

3

18
congress, covid, treasury
@DiMartinoBooth retweeted
If the Covid crisis does fade, Treasury investors may question their own commitment to higher rates in the face of what is likely 2 be tepid demand and a huge durables pasta-hangover for the rest of the 20's decade. CHINA IS SLOWING. Inflation is toast without Congress. Good luck

10

3

47

3


10
Bounced off the 50-day again
@callieabost
The S&P 500 just closed right on top of the 50-day and I’m over here likely
Show this thread

6

6

65
@hmeisler retweeted
nice shake & bake so far on open $VIX now down on day

2

1

28
shocked
Wait, let me get my shocked face.
@Street_Insider
We may have finally reached SPAC overkill. Two SPAC IPO opened so far: one below $10 pricing, one right at $10.

1

4

18

1

13

33
#Commodity prices continue to push higher, fueling #inflation concerns

66

432

872
sanitizer
@SamRo retweeted
Bucks introduced the Hand Sanitizer Cam last night.

4

1

10
portnoy

1

7

8


1

2
Yes
@JasonPerz138
Replying to @marketminute
1 eastern?

2

1

15
Long Sierpinski Triangle
@HedgeyeTV
THE MACRO SHOW "The three pillars of the Hedgeye #process are behavioral, history, and math. That's what we do, what they do are theories and valuation. You get paid by having a strategy that gets you in, and then gets you out." via @KeithMcCullough info.hedgeye.com/l/764243/2021-

4

3

17
Painting, slowly, is fun
@PoissonEnt
@KeithMcCullough⁩ ⁦@Hedgeye⁩ ⁦@HedgeyeDJ⁩ thx for everything

2

1

6
Pro Women Traders Teach Trading & Investing Opportunities for Everyone in Today's Markets March 1st-5th, 2021 LIVE - NO COST - ONLINE bit.ly/3pi1u8H I speak at 1 PM ET

1

1

7
aapl
@KeithMcCullough retweeted
@KeithMcCullough Just look at this noise. Thanks for guiding us Keith. I sold my AAPL last week.


1

17
@KeithMcCullough retweeted
When you place orders premarket at the low end of the RR.

2

2

14
.@IvanTheK can get his flush now
@followtheh
That Nasdaq bounce

2

2

10
need

8

5

36

4

2

20
@KeithMcCullough retweeted
@KeithMcCullough @HedgeyeDJ this is Keith’s “Your question is getting a one world answer look”

2

2

8
Oops. Mexico should just be in cut list. Only 6 have hiked.

4

4

7
In 2021: 6 countries central banks have hiked rates (Ukraine, Kyrgyzstan, Zambia, Mexico, Tajikistan, Armenia and Mozambique). 3 have cut rates (Indonesia, Mexico and Romania).

2

8

28
@hmeisler retweeted
#Breaking -- @Cardinals received approval to welcome guests back to Busch Stadium for the 2021 season @FOX2now #STLCards

9

6

58
suspect
I suspect the Naz h/s top chatter gets quiet today.

2

1

2
What's another business model that hasn’t changed in last 10,000 years?

23

27

90
claims

1


2
Yes if market holds
@BarrieNJ
Replying to @marketminute
You like FLR?

6

4

12
$8 a year ago. Closed at $69 yesterday. And it's up pre-market. Incredible. $RICK finance.yahoo.com/quote/RICK

3

26

62
gathering, minister, remarks
OPEC+ POLICY: The full introductory remarks from Saudi Energy Minister Prince Abdulaziz bin Salman to the OEPC+ virtual gathering (as prepared for delivery, with my own highlights) | #OOTT #SaudiARabia

1


1
Thanks!!!
@BarrieNJ
@marketminute I am sure you saw BOA on transports twitter.com/WallStJesus/st…

3

25

69
As they say: “Past performance is not indicative of future results." US stock market valuations indicate -4% per annum over the next decade, in 2031.

4


15



12
That's where I do my teaching - which includes teaching myself
@jodydowda
Replying to @KeithMcCullough
Great Early Look. I’ve learned a ton in the last two weeks. As always, the hard way! Excited because I know it will stick. Thanks.

1

1

7
mad
@KeithMcCullough retweeted
The early look was particularly awesome this morning. I wouldn’t be mad about more table pounding on the macro show

1


6
Thank you
@Holmes35S
@KeithMcCullough Great Early Look today. Printed this one to keep handy.

1

1

10
@KeithMcCullough retweeted
Thanks for putting $XLF back in the Risk Ranges.

2

3

10
bust, covid
@KeithMcCullough retweeted
Hmmm....who has been bullish of $XLE and $XLF? @KeithMcCullough come to mind....


3

6
@JoelKruger retweeted
We’re delighted to announce that with thanks to @LMAX the latest cohort of candidates have begun their journey on @resurgospear North Kensington Programme. Thank you so much to everyone at @LMAX for getting involved and supporting our local community! (3/3)

1

2

22
claims, feds
Thursday: jobless claims edge down a bit. Markets waiting for Powell’s talk at noon. Expectations are he will reiterate the Feds “patient” stance. Bond yields lower.


17

31
minister
OPEC+ POLICY: As the cartel and its allies sit down for another virtual meeting, Saudi Arabia Energy Minister Prince Abdulaziz says the oil market has "improved", but again urges "caution" and says OPEC+ must keep some of its powder dry | #OOTT Full coverage on @TheTerminal

2

10

20
claims, unemployment
@SamRo retweeted
JUST IN: Jobless claims: Another 745,000 Americans filed new unemployment claims yhoo.it/3sKU5kf by @emily_mcck

1

6

24
Square adds Jay Z to the board at $SQ Square also takes majority stake in @TIDAL Here was our thoughts when it was announced month or so ago.
5 Potential Reasons Why would Square Buy Tidal?
Why would Square buy music streaming platform Tidal?Here we think through the possibilities. More on Avory: https://linktr.ee/avorycoSubscribe Here: https://...
youtube.com

147

2345

6804
@SamRo retweeted
I’m grateful for Jay’s vision, wisdom, and leadership. I knew TIDAL was something special as soon as I experienced it, and I’m inspired to work with him. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.
@jack
I appreciate & respect people who depart from their strengths and take on new challenges. Been using Tidal & dig it! twitter.com/s_c_/status/59


1

@JoelKruger retweeted
Perhaps a little too much Yen weakness?

3


18
panic


1

8
Tired: CEO of one company Wired: CEO of two companies Hired: CEO of three companies
@DeItaone
Square Inc. to Buy Majority Stake in Tidal for $297 Million $SQ


1

5
@KeithMcCullough retweeted
Tourists jumping from headline to headline :)

1

2

4
pandemic
I have to assume @Pixar is working on a movie that picks up on pandemic themes. It’ll be as heartbreaking as it is heartwarming. We’ll all be talking about how perfect the Zoom scene was. It’ll win the Oscar.

3


34

4

12

77
@DiMartinoBooth retweeted
What is most striking about the Age of the Influencer is the extremes to which celebrities will go to remain relevant amid constant cultural change. The experts are true chameleons - which ironically should alarm their ardent followers, yet doesn't

57

65

842
school
When my high school teacher told me I would never speak English properly, I could hardly imagine I would be publishing a book in English. But this week, that's what I did (with a little help from @jfarchy). Check it out: smarturl.it/lwefbl #WorldBookDay #WorldBookDay2021

38

182

529
Higher rates are bad for stocks. That might be true, then you look at the data. The truth is a higher 10-year yield has been extremely bullish for stocks, especially since the mid-'90s.


2

25
@KeithMcCullough retweeted
Just like @KeithMcCullough said yesterday on The Macro Show, explosions in volatility beget Ivol premiums



2
$KRE 63.65 new support. $SMH Needs to get back over the 50-DMA at 234.69 $IYT Holding. all-time highs at 241.36. $IBB Broke support. Next main support the 200-DMA at 143. $XRT 85.69 resistance. 10-DMA at 80.21 marketgauge.com/resources/mish



4
$SPY 380.71 the 50-DMA $IWM 230.32 resistance. Support 314.80 to 312 area. $DIA 309 support. Resistance 320. $QQQ If can’t get back over 310 could see larger mover lower. marketgauge.com/resources/mish

8

84

207
treasury


1

5
Retail ETF ($XRT) Transportation ETF ($IYT) Both are currently over support from the 50-Day moving average. If these can hold their bullish trend it will show that the demand side IYT and the consumer sentiment side XRT still have investor’s support. marketgauge.com/resources/mish

6

4

28
aapl
In today's Early Look: "Crowding Factors, Continued"... #subscribe I explain why we got you out of where The Crowd was (Momentum, $TSLA, $AAPL, etc.) between FEB 22-25



3
drunk
A cool title! A Drunk Man in the Snow: The Random Walk of Interest Rates | Guggenheim Investments guggenheiminvestments.com/perspectives/g

2

4

11
@KeithMcCullough retweeted
Idealism is like a veil that causes the idealist to miss all kinds of opportunities as well as alienate people who would be allies or partners. I wish I had learned this lesson in my 20's. Better late than never.

1

4

28
panic
“Financial panic narratives have a strong psychological component, and a key concept here is crowd psychology.” - @RobertJShiller



16
Love that
@TheLifeCFO
@KeithMcCullough I read a quote this morning in a @JohnCMaxwell book and thought of the full cycle investing process: “An idealist believes the short run doesn’t matter. A cynic believes the long run doesn’t matter. A realist believes the short run determines the long run.”

5

63

132
lockdown
@marketminute retweeted
Boost in global savings has been remarkable … consumers have amassed $2.9 trillion in additional savings during lockdown era; half ($1.5 trillion) comes from U.S., which is at least 2X average annual GDP growth during last expansion @Economics


1

1
@marketminute retweeted
Make sure you've read our latest article from special guest and stock market expert Mish Schneider @marketminute as she explains what a trader might learn from using a particular tool in their toolbox. #expert #trading #investing #tools #stockmarket #markets


4

13

2

8

45
AAII Bulls 40%. Bears 25%. Not a big change. Folks were more bearish in late January.


1

16
congress

1

1

7
Huh.
@MarketCurrents
$FVRR - Fiverr withdraws follow-on share offering seekingalpha.com/news/3669269-f



14
toxic
And who's life isn't altered by a coin, who bought it back OCT 12th #Timestamped

1


11
Cool, thank you
@snb0_
Replying to @KeithMcCullough
Listened to your podcast with Jesse Felder this morning on my run. Was good. Will have a closer look at your framework and processes

6

5

48
@KeithMcCullough retweeted
@KeithMcCullough Volatility is up, USD up, Futures Down, and Coffee is ON!! When the room is filled w Chaos and logic pulled from the collective are you looking at everyone else looking back at you or are you the one smiling, eager for the fight?...no emotions.


1

16