MCTrader

Macro, trading and Philadelphia Eagles

Thoughts, comments and ideas are not investment advice.

[Rick Palacios Jr. @RickPalaciosJr]

Today’s Census print on single-family housing starts was a head-scratcher. Homebuilders we survey (consistent sample size with minimal noise) saw starts per community drop -13% YOY nationally in July, with all regions falling except for the Midwest.

In order for the Census data to be correct on July single-family starts +7% YOY (NSA), builders would need to grow community counts ~+20% YOY, which is very hard to believe and doesn’t match what we're hearing, even from the big builders.

[Financial Times @FT]

Donald Trump compares US strikes on Iran to atomic bombing of Hiroshima https://t.co/MHwO2qhV5L

[MCTrader @elementmacro]

👀

[unusual_whales @unusual_whales]

Walmart, $WMT, CEO has said customers are feeling signs of financial stress: "You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month"

[MCTrader @elementmacro]

🤣

[*Walter Bloomberg @DeItaone]

$MSTR - MICROSTRATEGY FILES FOR OFFERING OF UP TO $21 BLN OF 8.00% SERIES A PERPETUAL STRIKE PREFERRED STOCK - SEC FILING

[MCTrader @elementmacro]

Checking in to see how this one is being received... 😬

[MCTrader @elementmacro]

A lot of ppl on here seem absolutely convinced Trump is going to blow out deficits as soon as he's in office (betting markets say it's a done deal, duh!).

How many have actually attended some of his events to see what the campaign is saying?

[MCTrader @elementmacro]

B. Riley $RILY and Benchmark named as agents on $QBTS sales agreement.

Two days later, B. Riley and Benchmark upgrade w/ price tgt increase on $QBTS and $RBTI...

I'm sure the two have absolutely nothing to do with each other... @SEC_Enforcement 🫣

[MCTrader @elementmacro]

Check out @stromcapital

[MCTrader @elementmacro]

Aaaaaand there it is!

[tradfi news @tradfi]

TRUMP: WAPO ARTICLE STATING TARIFF POLICIES WILL BE PARED BACK IS INCORRECT

$DJT

[MCTrader @elementmacro]

@Fullcarry They were too busy piling into $IONQ...

[MCTrader @elementmacro]

Have to love this headline on quantum stocks...

'Rigetti Stock Rockets 1,860%: Did Insiders Miss The Quantum Boom?'

Yes - insiders are super bullish on the breakthroughs that they were dumping stock weeks ago...

They missed the boom right in front of their own eyes... 🤔

[MCTrader @elementmacro]

But when I look at the same exact options on the *new* $MSTX option chain (same expiry & strike) - they're trading for well above my cost basis... 🤔

[MCTrader @elementmacro]

Appears as though IBKR shut off ability to buy put options on MSTX...

I held some b4 the dividend and position was changed to MSTX1 BASKET "Basket Derivatives Restricted"

🤔

The ones I held should be deeply ITM but now can only close position at a chunky loss.

[MCTrader @elementmacro]

Phew!

The worst is behind us... Back on our way to another 20%+ year for $SPX

[MCTrader @elementmacro]

Sean McDonough trying to take credit away from Notre Dame when they were down their two best defensive players (both All-Americans) and one of their best offensive linemen...

I know, I know, when a SEC team loses, it must be a "down year". 🤦‍♂️

[Awful Announcing @awfulannouncing]

"This was not as good a Georgia team as we've seen in the past, but it's the best Notre Dame team we've seen in a very long time." - Sean McDonough on the call as Notre Dame takes down Georgia in the Sugar Bowl. 🏈🎙️ #CFP

[MCTrader @elementmacro]

The dollar is ripping faces, yields are unch'd, oil on a run and we have ppl piling into "quantum" stonks up 25% today...

And we're supposed to believe the end of year "dip" is a generational buying opportunity?

[MCTrader @elementmacro]

Oh, look... Fundstrat ran a data mining exercise to support its bullishness.

Also, water is wet...

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Fundstrat: Soild returns when the S&P 500 is down 3 days in a row in the last 5 trading days of the year @fundstrat @fs_insight
https://t.co/ZYzkfcWlf3

[MCTrader @elementmacro]

What's a new year without 'unconfirmed chatter' to pump a shitco?

[*Walter Bloomberg @DeItaone]

$AMZN $LYFT - AMAZON COULD ACQUIRE LYFT THIS YEAR, THE INFORMATION SAYS

[MCTrader @elementmacro]

Strongest performers today are the only ones with negative YTD performance - mainly Energy and Metals...

Classic front-run of buy the losers for the January rebal...

[MCTrader @elementmacro]

@Mr_Derivatives Large dividend.

And bc morons trade options on a 2x levered product of an underlying that is a levered product itself.

Just search MSTX - lot of retail put selling that woke up to the surprise dividend...

[MCTrader @elementmacro]

Meanwhile, insider activity... 👀

[Evan @StockMKTNewz]

Nvidia $NVDA was the most-bought stock by retail traders on net in 2024 - CNBC