The Wall of Supply

IPOs, Meme Tops, Agricultural Commodities & Other Stories

As we described in our seminal piece “Doomer Boomers Vs Token Maxis”, there are two types of personalities prevalent in the Market right now:

• The “Doomer Boomers”, who focus on the Crude price and the disconnect between the “physical” and “paper” markets

• The “Token Maxis”, who are spending tokens in order “to escape the permanent underclass”, which is basically the new way of telling the boomers “have fun staying poor”

Both of these types have been making money in their respective trades, with the Semiconductor Index and Brent both up +10% in just two weeks.

From our part, our Brent Call Spread detailed in 8x-Bagger Tail Risk Hedge * is already a 3x-bagger, we sold 1/3, made it “free” and gave thanks.

The question now is:

• “When will the Equity Markets care about the Oil Price?”