$FRMM is starting to catch my eye ๐ง
~70% SI, ~400% borrow rate, buybacks happening, and analysts setting price targets at $9-11.
If it breaks $6.10, things could heat up fast. Super thin float means not much buying needed to move it.
I'm in.
June's jobs numbers are in.
Bottom line? The U.S. economy's not crashing, but it's not booming either. Just kinda floating.
Thing is, 'solid' job growth means something totally different now since population growth has really slowed down.
Here's what it all means for th
Just hopped on with @adamtaggart over at @thoughtfulmoney to chat about why the Fed should tighten via its balance sheet now, so Chair Warsh and @POTUS can go big on easing later. We also talked about a possible 1998-style market correction and how top investors separate researc
Understanding delta for put selling:
โ What delta really means for you as a seller โ and the two things it tracks
โ The breakdown: 10-20 delta vs 20-30 delta vs 30-45 delta
โ Neither high nor low delta is always better โ it's all about your goals
โ Why a 30 delta put
New jobs numbers just dropped. A bit of a letdown, but still solid overall.
Only +57k jobs added in June, missing the mark. Plus, big downward tweaks: May cut by -43k to +129k, April down -31k to +148k.
Unemployment dipped a notch to 4.2%.
TWI Morning Report โ
SPX Gameplan
๐ 7500 โ 7525, 7540
๐ก๏ธ 7500 pivot
๐ 7500 โ 7480, 7455
Roadmap: TWI Trend
It's a positive environment for trending higher if 7500 holds. Need to break 7525 for more upside.
Focus
Not many clear setups. Memory names show beari
Not shocked they pushed it back under 7500 to close below that key positive gamma level.. now it's slipped into a small negative gamma pocket here for SPX