Michael Unetich

Trading, Trading Software, Trading, Trading Software, Trading...in that order

[Michael Unetich @ChiMikeU]

@BitcoinNewsCom Smells of a Biden Bottom akin to the infamous UK Gordon Brown Bottom in gold

[Michael Unetich @ChiMikeU]

@LynAldenContact What's your call for Fed Day next week Lyn?

[Michael Unetich @ChiMikeU]

@rt_gamma Are you including CME S&P options? There's a ton of volume and OI there too which influence equally to more then SPX

[Michael Unetich @ChiMikeU]

@otteroooo This happens in the stock market every day, they're called options. Agreements were from 2019/20

[Michael Unetich @ChiMikeU]

@biancoresearch Market prices reflecting that the Fed has zero credibility

[Michael Unetich @ChiMikeU]

@CumberlandSays @jvb_xyz Other Downside Risks
3. Continued hawkish fed, rates higher for longer/strong dollar
4. More institutional abandonment for multiple reasons
5. Brain drain back into more traditional fields due to market malaise/apathy or menacing regulation creep

[Michael Unetich @ChiMikeU]

@lizrhoffman 🤡 journalism at its best

[Michael Unetich @ChiMikeU]

A far cry from the grand exit of $70 that the mkt predicted a few wks ago...

[Rob Levy @robbylevy]

The ETHPoW future on BitMEX has over $10M notional two-sided liquidity on a 19/23 market… see how that lines up with the premium that spot ETHUSD is trading over the Sep and Dec ETH futures, which is 20-22 now. Arb opportunities and derivatives liquidity keep everything in line

[Michael Unetich @ChiMikeU]

@charliebilello Would be great sometime soon to see this list on a 30 or 60 day basis, if you would be so kind Charlie

[Michael Unetich @ChiMikeU]

@BillAckman Bill, why not take more into account how far most of the major commodities have already sunk? Your focus on CPI may prove to be backward looking

[Charlie Bilello @charliebilello]

All of the US wage growth since the start of the borrowing/printing binge has been a mirage, up 12.3% in nominal terms but -1.5% after adjusting for higher prices. Initially, everyone loves "free money." It's only w/ the passage of time that the ravages of inflation are revealed.

[Michael Unetich @ChiMikeU]

That's a hard call to make, but what's not hard is to judge the failure of the Fed who were given a bread crumb trail of evidence of a bad moon a-risin' more than a year ago and chose to do NOTHING with it until it was too late.

END

[Michael Unetich @ChiMikeU]

The last two trading days in the US markets have been very interesting. The bond market has been on an absolute tear higher (price-wise that is). Stonks have taken shelling, but have been resilient and settled strong both days. Diving a bit deeper...
1/11

[Michael Unetich @ChiMikeU]

If the turn in rates lasts, a stock and crypto bottom is likely in. If the rate market rally is a fraud (see recent Bill Ackman thoughts), bonds are a sale and stocks/crypto could be in for more rough sledding.
10/11