Sunday, November 6, 2016

"Everyone To The Same Side Of The Boat"

Events leading up to the election are eerily similar to Brexit, with a couple minor caveats - this time global markets are falling rather than rising, and global Central Banks are not standing by to unleash massive amounts of liquidity. Because they already did...

Earlier today, the FBI cleared Hillary for a second time - on her latest set of scam emails...Given the pre-market ramp in Mexican Peso, this now makes a short-covering rally into the election the most likely scenario. Which happens to be deja vu of the Brexit vote when the untimely assassination of British MP Jo Cox, swung polls back to the ill-fated Bremain camp in the days leading up to the vote (h/t Zerohedge):



Also, deja vu of Brexit, gamblers are betting that volatility subsides as soon as the election is over.

UVXY 2x volatility ETF short volume:
Data from: https://www.quandl.com/data/FINRA-NYSE-TRF-Short-Interest-UVXY



Which will put EVERYONE on the same side of the boat by Wednesday, if not sooner - in the process making a Trump win a true Black Swan event, and a Hillary win a sell-the-news event...

Semiconductors with cash commitment:
Brexit is circled...




In other words, Wall Street desperately needs a year-end rally, or they're fucked company:



And it's not their money, anyways...

The Ackman Fund: