America: Season 500
It’s the 44th season of Survivor. Yes that Survivor. Good old, pre 9/11 Survivor. MY GOD who is still watching? The media and entertainment biz is CLEARLY in trouble. Endless free money, work from home, you name it and the industry still couldn’t take out the relative high made in 2001.
CLEARLY the media & entertainment industry is just not woke enough. Kidding, obviously it’s because they hate comedy.
Speaking of too many seasons, we’re now on to season 500 of America. The last 20 or so atheism has been all the rage. ‘I believe in nothing, I won’t bring kids into this world etc.’ And ever since that guy wrote Sapiens all hell has broken loose.
The producers..they WERE NOT FANS. So now they have offered up a couple of choices.
Back in the day, ‘god’ was used to scare the shit out of you and keep you in line. Can’t lie, it has worked pretty well. We’ve made it pretty far and we have nice things. BUT you can’t keep that secret sauce a secret forever. And like every new version of religiosity, you just do the previous god - and add a twist. You ignite the flames of fear and righteousness, with a new twist. PEOPLE LOVE THE RIGHTEOUSNESS. It really makes them feel alive. And this version’s twist is the mysterious, measurable but unknowable, mother nature.
It’s brilliant really: mother nature as a relentless, malevolent being here to punish us for our carbon emitting sins. They literally copy and pasted the idea. Why do something new when you can just do a remake with a female lead?
Certainly mother nature is a little angry these days, but she’s always been one crazy bitch. You know, 30+ ice ages and such.
Of course aggressively sucking all the goo and gas out of the earth doesn’t seem like the best idea. Given the fact that all the closest planets around us are either on fire or dead, dusty, gassy wastelands, you’d think preserving goo would be a priority.
And on the other side we have good old fashioned clean, pure, pro life, pro deregulation, speaks for itself god.
Choose wisely my friends.
We finally caught ourselves a juicy magazine cover indicator. The idea behind the indicator is that when an idea is so prevalent it’s all over the headlines and top of mind, the news is priced in. So, maybe it suggests mean reversion within a larger trend or maybe it means the end of a trend. Either way, what a confluence we have here in the US Dollar.
There was a lot of indecision last week in markets like Oil, 30 year US Treasuries and S&p 500 volatility. Whichever way last week’s ranges break will tell us a lot.
30 year US Treasuries. We mentioned the other day if there’s ever going to be a bottom, why not here?
S&P 500 volatility
Elon Must unveiled all sorts of Tesla news this weekend. First they announced a robot that does nothing
A very nice distraction indeed while later announcing deliveries fell short. We’ll see how the reaction goes. Q4 is going to be the biggest quarter the stock has seen in years.
The real estate market isn’t handling the transition from fake prices to real prices very well. There are 0 S&P 500 stocks in the real estate sector above the 200 day moving average. Lord knows what schemes are unraveling before our eyes.
We keep seeing subtle signs of strength in growth. Despite all the carnage, S&P 500 Tech relative strength is still trading fine.
Trade ‘em well