Daddy…What’s A Melt Up…AND…Do Not Fight The Fed

Before I get started this made me laugh

Actually, everything about the markets and our leadership is a laugh at the moment. If you are in it you are laughing and if you are not, you are the joke.

In September, The FED started QE4 after being bullied by the President. That was the all clear for the machines to get long and leveraged. In the few months since, the S&P is up nearly 20 percent…

As I said yesterday, it should not be this simple, which is why machines make it harder for humans to beat the S&P.

We are in the midst of a melt-up in stocks. How do I know?…

There is a large orange man in the white house tweeting and doing whatever he can to keep the markets higher. It is working.