MARKETS,Anybody even yet?

[dinghy]

QQQ vs SQQQ. I pulled the chart back to a date when QQQ was at the same level as now. April 2021.



SQQQ is -41%, consistent with SQQQ's tendency to lag its benchmark long-term. In the aggregate, SQQQ is an overall loser. My question is where does the money go? If SQQQ holders are losers, who are the winners?

It's not QQQ holders, because their performance only matches the benchmark (approximately). I'm not aware of any index ETF that outperforms its benchmark.

SQQQ achieves its leverage through swap contracts. Some Wall Street bank or other entity is on the opposite side of those trades. Are they the winners?

[FAA]

Markets: +1.3%, +1.6%, +2.6%. I was +0.72% today. 86% winners. VIX -8.3%. What, me worry? Actually, yes. Usual bears are predicting doom and gloom. Must watch some TV to assess more sentiment.

[dinghy]

Must watch some TV to assess more sentiment.

I never watch, so wouldn't have any frame of reference. Personally, when I see the S&P +15% and QQQ +20% in 6 weeks, I become less bullish. If I owned any of those stocks, I would be trimming them back. Unless the gains were justified by some spectacular good news, such as a deadly pandemic that only affects politicians.

[dinghy]

Another rate hike for Brazil.



Brazil has a 12% inflation rate, a little above the USA's 9%.

[FAA]

I got in after the Jan/Feb sell off. Unfortunately, that was just another chunk, not the final one.

[dinghy]

You didn't do the pluses and minuses.

It's okay because the pluses weren't very plus and the minuses weren't very minus.

[dinghy]

Since last year, Brazil hiked rates from 2 to 14.

USA has been 2 or less for a decade and a half.

[FAA]

Markets: All +0.2%. I was +0.16% today. I'll take this kind of Groundhog Day.

[FAA]

Cramer just broke down gold charts. Goldies may want to get on that must see .

[dinghy]

I just watched the CNBC segment apparently from Wednesday evening. Cramer may have done more Thursday that I haven't seen.

He showed the COT investor sentiment data which is indeed bullish, but has been for many weeks already. He also presented an oil correlation chart, and identified GOLD (Barrick) as his favorite mining stock.

GDX was slow out of the gate Thursday, but surged to +5% before backing off to finish +3.5%. I don't know the extent to which Cramer is able to move markets with his recommendations, but he's off to a good start on this particular call.