Aradox 🏛

Updated Capital: $897,532
I run my own portfolio out of a garage.
Research & Analysis
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[The Kobeissi Letter @KobeissiLetter]

US bankruptcies are riding rapidly:

275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010.

Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277.

In May 2024 alone, 62 firms have gone bankrupt, the 3rd largest monthly number since 2020.

Most bankruptcies have been seen in consumer discretionary companies as Americans continue scaling back their spending.

Red Lobster is one of the notable examples which just filed bankruptcy.

More signs of economic weakness are emerging.

[Aradox 🏛 @AradoxCapital]

$GME
tbh, ya'll are only making Roaring Kitty money.
calls, take profit, puts, take profit, he's on repeat
ya'll are just stacking the volume up with petty dollars;

[Aradox 🏛 @AradoxCapital]

keep complaining
but the truth is there’s money to be made;
unless the market faces a black swan,
I don’t see it diminishing
and the FED needs a reason to cut rates.

[The Kobeissi Letter @KobeissiLetter]

The US Economy Now Has:

1. 63 banks on the brink of default according to the FDIC

2. Over $500 BILLION of paper losses held by banks

3. Declining GDP growth with rising inflation

4. Over 50% of Americans believe we are in a recession

5. Lowest mortgage demand in over 30 years

6. A record $17.7 trillion in total household debt

How is this a "soft landing?"

[Aradox 🏛 @AradoxCapital]

stagflation?

[Aradox 🏛 @AradoxCapital]

$GME $AMC
Implied volatility is at 500%+ for option premiums
did you buy some puts during the spike?
destroyed put options with 3 days to expire were worth .1-.5 per contract are now going for 4-5 each, what a quick flip if you timed it right.

[Aradox 🏛 @AradoxCapital]

https://t.co/qKtMqEQetO

[Aradox 🏛 @AradoxCapital]

Takeaway from Fed's Powell:
"I don't think it's likely that the next move would be a rate hike. It's more likely that we would hold the policy rate where it is."

[Aradox 🏛 @AradoxCapital]

$GME

May 17' 24 $30 calls averaged .40-.47, $40 per contract

If a trader purchased, 100 of those $30 calls at $4000
that trade would've netted $300,000 today, peaking $3000 per contract.

[Aradox 🏛 @AradoxCapital]

Both $AMC and $GME are up over 130% pre-market adding another $14.5 BILLION of market cap today.

If your speculating, good luck.
If you orchestrated, I see what your doing.
"let's try to squeeze the last bit before the sentiment in the overall market shifts"

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Warren Buffett’s Berkshire Hathaway cut its investment in Apple, $AAPL, by 13% in Q1 2024.

This is the 2nd straight quarter that he has reduced his stake in Apple.

[Aradox 🏛 @AradoxCapital]

#kendrickvsdrake #KendrickLamar @kendricklamar

[Aradox 🏛 @AradoxCapital]

its 2024, and the "stock market" still capping,
I'm tryna diss the whole system.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: February PPI inflation RISES to 1.6%, above expectations of 1.1%.

Core PPI inflation was 2.0%, above expectations of 1.9%.

Both CPI and PPI inflation are now officially back on the rise.

Disinflation seems to be slowing.

Can the Fed really pivot here?

[Aradox 🏛 @AradoxCapital]

Diabolical,
someone at the trade desk is extremely happy ;)

[The Kobeissi Letter @KobeissiLetter]

BREAKING: New York Community Bank stock, $NYCB, crashes 20%+ after reporting "material weakness in internal controls."

The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment.

NYCB is the same bank that acquired the collapse Signature Bank during the regional bank crisis.

This comes just weeks after the bank posted an unexpected $260 million loss in Q4 2023.

The stock is now at its lowest level since 1997.

[zerohedge @zerohedge]

the Fed now has not one, not two, but three bubbles on its hands, and it is about to start cutting rates.

[Aradox 🏛 @AradoxCapital]

S&P hovering 5000 and people start throwing all the fundamentals out the window

[Aradox 🏛 @AradoxCapital]

@TrendSpider I want what she’s having

[Aradox 🏛 @AradoxCapital]

buy before the hype fomo,
sell on the catalyst news

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Bitcoin is officially down over 20% from its post-ETF approval highs, erasing $200 billion in value.

In less than 2 weeks, #Bitcoin prices are down over $10,000 to their lowest since December 4th.

The drop is largely due to underwhelming ETF demand and ETF approval becoming a "sell the news" event.

Is this the start of a new bear market or just a pullback in a broader uptrend?

[Aradox 🏛 @AradoxCapital]

Here we go