Ted Darling Profile picture
Individual investor and trader.Endurance athlete, avid cyclist, swimmer, runner, and triathlete. #fintwit #macro #oldwallwarrior #5Real Not investment advice

Apr 1, 2022, 17 tweets

Hello Friday at the 1st day of April!
๐Ÿฐ๐Ÿฐ

Since there's no trading allowed on the Fool's ๐Ÿƒ Day, let's review the month-end and quarter-end ๐Ÿงฎ!

๐ŸŒŠ rough seas, for sure, but equity volatility declined into month-end (m) but remained ๐Ÿ›— for the quarter (q)

$VIX 20.81 -9.34 pts (m), +3.59 puts (q)

The $NIKK +4.88% (m), -3.37% (q) was the best performing developed market

$SPX +3.6% (m), -4.95% (q)
$COMPQ +3.4% (m), -9.1% (q)
$CAC +0.02% (m), -6.9% (q)
$DAX -0.3% (m), -9.25% (q)
$HSI -2.87% (m), -5.7% (q)
$KOSPI +2.15% (m), -7.4% (q)
$SSEC -6.05% (m), -10.65% (q) โฌ…๏ธ

$XLU was the best performing US equity sector for the month, while $XLE took the ๐Ÿฅฎ for the quarter
(reported ex-div)

$XLU +9.9% (m), +4.3% (q)
$XLE +8.3% (m), +37.75% (q)
$XLRE +7.2% (m), -6.75% (q)
$XLV +5.4% (m), -2.75% (q)
$XLY +4.25% (m), -9.5% (q)

With interest rates through the ๐Ÿ›–, $XHB was the worst performing US sub-sector

#NotQuad4

$XHB -9.8% (m), -26.3% (q)

China ๐Ÿ‡จ๐Ÿ‡ณ crashed mid-month before the PBoC stepped in to rescue markets

$FXI -8.4% (m), -12.6% (q)

Rich with ๐Ÿ›ข๏ธ and ๐ŸŒฝ, Brazil ๐Ÿ‡ง๐Ÿ‡ท ripped ๐Ÿš€

$EWZ +14.95% (m), +34.7% (q)

Metals were higher on the month, with Dr. $COPPER leading the charge

#NotQuad4

$COPPER +6.75% (m), +6.5% (q)

Lots of ๐ŸŒŠ with hydrocarbons with $OVX 57.66, but ๐Ÿ›ข๏ธand โ›ฝ๏ธ were up sharply on the month and quarter

#NotQuad4

$WTIC +4.75% (m), +33.3% (q)
$GASO +7.5% (m), +41.9% (q)
$NATGAS +28.2% (m), +51.2 (q)

Natty ๐Ÿš€

Not only is your food and energy going to cost more, but so are your ๐Ÿ‘š ๐Ÿ‘–

$COTTON +10.6% (m), +20.75% (q)

At least your โ˜•๏ธ was stable

$COFFEE -3.0% (m), -0.5% (q)

The story of the month and quarter as UST yields ๐Ÿš€ with curve ๐Ÿฅž

#MaybeQuad4?

The 10/2s declined to .8BPS from 39 BPS at the beginning of the month and 79 BPS at the beginning of the quarter

Bonds were the absolute worst place for your capital for the month and quarter

#NotQuad4

$TLT -5.55% (m), -10.85% (q)

Kuroda-San has pegged the 10-year JGB at < 25 BPS and is the only CB loosening into #inflation.

With that, the ๐Ÿ’ด crashed
$FXY -5.65% (m), -5.6% (q)

The Aussie, on the other hand, picked up the slack in #FX markets๐Ÿฆ˜๐Ÿฆ˜

$FXA +3.0% (m), +2.95% (q)

#Bitcoin

$BTCUSD +5.7% (m), -5.6% (q)

If your #furu bought $TLT, shorted $QQQ, and was indifferent to $CRB, then you missed an epic ๐Ÿƒโ€โ™‚๏ธ in ๐Ÿ›ข๏ธโ›ฝ๏ธ๐ŸŒฝ and the best short ๐Ÿฉณ in treasuries $TBT in a decade

Yeh, maybe the ๐Ÿ’ is going to #quad4, but run your comparisons vs 2019 and ๐Ÿ‘โ€๐Ÿ—จ

Have a super profitable ๐Ÿ’ฐ day!

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