Derek and Jay cover markets including the news on the CEO of United Healthcare, the Hawk Tuah meme coin alleged scam, unpacking the latest unemployment report, how markets go up 29% or more in a year more often than you’d think, and how the rotation of voting members of the FOMC might be hawkish in 2025.
HiPOS Conservative Trade Update - The S&P 500 Index (SPX) made yet another new all-time high today.
The S&P 500 Index (SPX) made yet another new all-time high today. It closed 15.3% above the short 5100 put leg in our spread. This is how far the spread is out-of-the-money (OTM).
Derek and Jay are back on the big 300th episode to discuss whether Michael Saylor’s ‘Bitcoin Yield’ makes sense and looking at why people are buying MicroStrategy vs just buying Bitcoin.
Derek and Jay talk through the latest market action including the forward PE ratio looking frothy, yields continue rising, probability of rate cuts dropping, and when and if the US Dollar strength will be a problem.
New HiPOS Conservative Trade Established - Today we took the opportunity provided by the market to close our existing open HiPOS position and establish a new one with a December 20th expiration date.