Submitted by QTR's Fringe Finance
The volatility I have been expecting in markets for the better part of the last two years feels like it could finally be around the corner, with stocks whipsawing violently back and forth over the last 5-7 trading sessions.
While stocks ended the week on a green note, sharp declines in the days prior and following earnings results from Google and Tesla make it seem as though the AI and technology bubble could be on the verge of bursting. As I noted recently, volatility in either direction is usually a sign that bigger moves are coming. I laid that out last week when I wrote about the trade I would put on if I had to choose just one: We Are On The Edge
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Last week I published a ton of analysis on where the market and economy stands from some of my favorite market participants.
In Part 1 of Lawrence Lepard’s investor letter, he talks about macroeconomic developments, the election and the nation’s debt.
Market Moves Like These "Have Not Ended Well"
In the second part, he continues to talk about how federal government finances are a mess, and the US bond market is sick, while BRICS nations are pushing for dedollarization; simultaneously, gold demand remains high but supply constrained, and gold and silver stocks are currently considered silly cheap.
Gold Allocations Still "Very Low", Silver A "Very Special Metal"
I ended the week with notes from Harris Kupperman, who is says he is “positioned for a financial and economic crisis”.
We Are "Positioned For A Financial And Economic Crisis"
I also published last week why I thought Kamala Harris was “The Next Worst Thing” to having Joe Biden as the Democratic nominee:
The Next Worst Thing
Here’s what else is new on the blog:
"Gross Malpractice": Blackwater's Erik Prince Slams Secret Service
Robotaxi Collapse "Conveniently" Follows $250B Tesla Stock Surge
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QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author. This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.
