/biz/ - Business & Finance

>>57944698
Bank bailouts are ending today. While many people will say "This has been priced in", it hasn't. Most people barely understand it and it hasn't been ran in the media at all. In fact its difficult to find any articles from major media corps on it despite it being one of the most important economic events this year.

https://www.reuters.com/markets/us/fed-allow-emergency-bank-lending-program-expire-march-11-2024-01-25/

Remember all that "systemic risk for banks"? It's coming back. Everything is overbought, and bank problems are a good indicator for a recession, not to mention the fact that unemployment keeps rising slowly, up to 3.9. Also, all of the previous monthly job creation stats have been revised under the biden administration. Basically. Too many lies and fomo, the important numbers not being discussed.

I'm in LABD, maybe good crash this week, maybe not. However there is good reason to stand aside and close long positions.

There is gamma on SPY 515. As long as we are below 515, I'm bearish.