The manufacturing numbers were horrific. Producers overstocked, no one buying from the states. Can only imagine unemployment numbers are equally horrific. The move in yields is the wrong one and I’m buying more TLT. Rates need to be cut asap.
two goose eggs, private credit, and auto loans. It’s getting ugly.
I actually followed him into an inflation based play quite a few years back that was genius, something about shorting TLT because inflation would cause the bond market to collapse. Puts went nuts back then just as he predicted. He was right about the inflation, wrong about the market bubble bursting because he failed to realize that more and more would be pumped.
JPOW scared long-term treasuries and today is the ex-dividend for TLT, and I ran a protective collar with some extra puts. I'll ride it down and DCA into a lower cost-basis.
AMDL put spread seems rather tempting. Collect the premium from your short put. Sell the long put once Lisa Su speaks. Get assigned. Wait for the V.
I'm probably going to just continue DCA'ing into TLT and writing silver contracts though.
Also, contemplating 100 shares in NWL.