📉 Bill
What will the economy be like in 1 year?
🌚 Nlggers
I hope somewhat better. I'm not sure I can say with much certainty. I suspect property prices may continue to decline but beyond that I don't feel particularly confident speculating.
🌋 Pod Unk
I'm bear gang, pretty massively short SPY (via SPXS calls) over the mid-term (1yr+)
📉 Bill
I keep on trying to short $QQQ but timing a top is incredibly hard. The run up since March is crazy. I can't believe it's still going.
🗜️ Mx
The SPY will keep going up until November. Then, depending on the US elections outcome it may stay there or crash.
📉 Bill
So you don't think polling has any effect on equity sentiment? Is Biden/trump a toss up? I bet it's going to get interesting when we start getting into the debate sessions
🗜️ Mx
Polling does have effect on equity sentiment. The volume of SPY put contracts tripled when Elizabeth Warren was the DNC front runner. However, I'm not seeing any Trump/Biden effect yet. Then again, with these weird COVID times, who knows ...
📉 Bill
Yes the central banks and government response to COVID is unprecedented in modern times. Very interesting to see how that plays out over the long term.
😏 Yt L.
I'm about confused about how the stock market is doing as well as it is given covid and quarantines.