To The Moon

Previously I mentioned that Biden & democrats will want to talk up the markets to improve their mid-terms elections.

Let's look at what is Biden saying now:

https://www.businesstimes.com.sg/government-economy/biden-warns-us-inflation-could-last-for-a-while

Biden is pushing blame to Federal reserves.

It's not a good sign For Biden & the democrats.

When politicians start to push blame, meansthe situation is getting or is already out of control. They are preparing scape goats. 

In this case, the Feds. 

What this means is that inflation will remain high, and since the Biden administration pushed the blame to Feds, we cannot expect Fed to play nice. 

Likely the Fed will push interest rate hikes and QT even higher and/or faster. 

This is likely going to cause pain in the markets esp for stocks that are sensitive to interest rate hikes, in the coming week unless there is a change in narrative. 

What makes things even worse is when the US president seems to have lost his marbles.

https://www.businesstimes.com.sg/energy-commodities/exxon-made-more-money-than-god-biden-rips-high-gas-prices

I didn't know that God needed or made money. There is a first for everything I guess.

Oil companies buying back their own stocks is simply commercial sense. Why "invest" in new production and push down oil prices and reduce their profits? 

When biden starts to make such statements,it further confirms that inflation is likely out of control.

will be waiting for a rebound rally to load up on $Direxion Daily Small Cap Bear 3X Shares(TZA)$$Nasdaq100 Bear 3X ETF(SQQQ)$$Barclays iPath Series B S&P 500 VIX Short-Term Futures(VXX)$.

Since Biden is complaining about oil companies, guess it will be a gd time to buy oil companies Or oil etf Like $United States Oil Fund(USO)$

Guess it's time to prepare some more protection for my positions.

Invest safe everyone, exciting times ahead. 

[Cool]