BREAKING: The United States has requested a new temporary ceasefire with Iran and is seeking a return to the collapsed and suspended Memorandum of Understanding, with discussions also expected to include Yemen and Trump seeking to make the Houthis part of it, per sources.
Iran is highly unlikely to accept the US offer, having comprehensively rejected all negotiations throughout this week and confirmed it won’t start negotiations under any circumstances, while Trump simultaneously announced the US is about to carry out a ‘massive attack’ on Iran ‘bigger than any attack ever carried out before.‘
First picture is QQQ when it bottomed in April
Second picture is QQQ now
A 2-3 day flush and recovery of this level would be excellent. No idea if that happens but if it does, time to track relative strength and see what held up the best during this flush
Have a great weekend
Current holds
1. $PYPL biggest position by far. Worked out good so far, but hoping for more momentum.
2. $BABA Hedge against US. Cheap. nfa.
3. $BULL Upside potential in Q3/Q4
4. $SQQQ Hedge against US
5. $CLNE Oil related
There were some really great opportunities the last couple of weeks. Lots of volatility and reversals in both ways. Lots of possibilities to fuck things up as well
I have not been able to participate, because of my regular job and I think it was good that I could not
$QQQ $SPY
BREAKING: The US 10Y Note Yield officially surges above 4.70% for the first time since January 2025.
This puts yields above the "Liberation Day" high in April 2025, set to drive interest rates to new 52-week highs.
The bond market is flashing red.
PAYPAL'S BOARD HAS REPORTEDLY REJECTED THE $53 BILLION TAKEOVER OFFER FROM STRIPE CALLING IT “INADEQUATE”
JUST LIKE I SAID YESTERDAY PAYPAL IS WORTH MUCH MORE AND THE BOARD KNOWS
$PYPL
Dear Traders,
Take the day off.
Better yet, take the week off.
Actually, you can probably take the rest of the summer off, and we'll all meet back here in September at the exact same prices.
BREAKING: The largest US gold-backed ETF, $GLD, has recorded -$14.4 billion in outflows since March 1st.
This is 50% more than the -$9.6 billion in outflows seen across all Bitcoin ETFs since the October peak.
In March alone, investors withdrew -$8.5 billion from $GLD, the largest monthly withdrawal on record.
This was followed by -$1.7 billion in April, -$872 million in May, and -$3.2 billion in June.
Meanwhile, outflows have eased in July, with withdrawals tracking at -$46 million month-to-date.
Is the gold market setting up for a comeback?
I would love for a bidding war to start on $PYPL. I mean if Paramount went through one…
I think shareholders would not mind $80-$100.
But here at $60.50 is just way too low imho.
Barely off the $38 multi yr lows.
Paging @elonmusk..