Intel (INTC), similar, fell hard at first, but is now rallying. Of course, since it is down about 60% from its recent peak, a 3% recovery isn’t a huge deal, but at least they’re not taking on more water.
I felt quite flat-footed today. For one thing, my Spidey sense on Wednesday told me to dump my IBM puts, but I only partially closed them. They got nuked today, sadly. I also ditched my EFA and EWZ short positions, and I just about flipped my wig a few minutes before the close when I saw tariff chatter once again was rattling the markets.Below is the EFA, which was just all over the place today.
Although I’ve never touched DJT in my life, I noticed yesterday it had a massive spike. What was the news? Well, Truth Social was talking about getting into the financial services industry. The explosive moved has been unwound almost totally, since I figure the public at large can tolerate Trump Steaks and Trump Water, but they’re probably not going to be handing their cash over to a Truth Social Bank or whatever it is they’re contemplating.
Gold, as you probably know, hit a record high today, which I applaud. I have long trumpeted the bright future ahead for precious metals – – gold, silver, and, most recently, platinum – – and it’s nice to see in this crazy world that actual physical precious metals are doing well.
On a closing note, and speaking of our crazy world…………here’s how things are going with a company that loses billions of dollars every single quarterMore By This Author:Deconstructing HomebuildersDoc CopperCurrent Bearish Positions
