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Joe McCann Profile picture
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5 Mar, 15 tweets, 5 min read
Bottom.
Rates down, VIX down, stocks down.

This is the opposite of nearly every day the past 2 weeks.
All of @CathieDWood's @ARKInvest funds putting in monster capitulation volume on huge bottoming candles. ImageImageImageImage
#stockmarketcrash is trending for the second day in a row, meaning, market sentiment is quite bearish.
Solid/positive jobs/unemployment report gets faded (good news is bad news).

bloomberg.com/news/articles/…
Political theater in D.C. will end and the COVID relief bill will pass.

Stimulus checks will flow in the coming weeks.
COVID cases dropping precipitously across the country and vaccines delivered topping 2M/day. Image
"stock market bubble" Google Search Trends back to "normal" (low) levels Image
Nasdaq, $QQQ, plunged 3 standard deviations from its 20-day moving average, typically a grossly oversold indicator. Image
Growth / Value ratio ( $IVW / $IVE ) plunged 3 sigmas as well. Time to revert. Image
Not financial advice.

Don't Be Dumb™️.

I've been wrong before.
Send it.
$QQQ put/call ratio vs $IWM put/call ratio is outsized bullish for Growth vs Value reversion, meaning, traders are significantly more bearish Russell 2000 as opposed to the Nasdaq

bit.ly/cheddar-flow ImageImage
Follow the flows.

Record inflows into equities over the past 3 weeks; YTD a stunning outlier Image
Monster dark pool prints hitting the tape on Turnaround Tuesday for the Nasdaq $QQQ Image

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More from @joemccann

Joe McCann Profile picture
7 Mar
The Board takes the view that blockchain technology has the potential to disrupt both existing financial and technology industries, similar to the manner in which mobile internet has disrupted the PC internet and many other offline industries.

www1.hkexnews.hk/listedco/listc…
“The Board believes that the blockchain industry is still in its early stage, analogous to the mobile internet industry in circa 2005.”
“Against this backdrop, the Board believes cryptocurrencies have ample room for appreciation in value and by allocating part of its treasury in cryptocurrencies can also serve as a diversification to holding cash”
Read 4 tweets
Joe McCann Profile picture
31 Jan
Gamestop is only the beginning.

Posit: if K-Pop stans can shut down trending topics at will, imagine what happens when they join the Reddit Army against Wall Street Suits.

bit.ly/gamestop-sunda…
The #silversqueeze is the next example.

Silver dealers are likely massively naked short and are scrambling to not get run over.

The @FT is using a 90s @MCHammer reference as a chart title to highlight how gamma is squeezing a stock memed into existence by a Reddit sub, $GME.

The meme-ification of finance is upon us.

ft.com/content/b65423…
Read 6 tweets
Joe McCann Profile picture
30 Jan
Damnit, am I really gonna have to write a post on what a gamma squeeze is?
Welp I guess there's demand for it.

Wow.
Wrong answers only
Read 4 tweets
Joe McCann Profile picture
28 Jan
This is how the system is rigged.

The elites aren't even trying to hide it.

Robinhood, who's revenue is largely tied to Citadel, restricts trading in $GME, $AMC, and $NOK.

Users can only sell, not buy.

seekingalpha.com/news/3655535-w…
Jeffries is restricting trading in the most shorted stocks group (source to be added).
TD Ameritrade has restricted trading in Wall Street Bets names like $GME, etc.

bloomberg.com/news/articles/…
Read 57 tweets
Joe McCann Profile picture
28 Jan
This pretty much sums up the WSB Reddit Army defending $GME.
And here's @chamath explaining it to the suits...

Unreal
Read 4 tweets
Joe McCann Profile picture
4 Dec 20
The most astounding stat from AWS this past week is that nearly half of new apps built inside Amazon were deployed to AWS Lambda in 2020.

Half.

That is dogfooding on a massive scale and is setting the stage for an entire generation of "serverless developers".
If you take what Amazon has done historically with their tech, they dogfood it first and expose it as a service second. This also applies to non-tech like their last mile shipping capabilities offered to marketplace customers.
There is a pattern here and if history is any guide the pattern for the majority of cloud computing in the coming years will be serverless.

That presents an enormous opportunity given the expansion of the definition of what a "developer" is, what they do, the tools they need...
Read 5 tweets

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