Thread by @frankoz95967943

Everything is a currency

why do u see those huge overnite moves?

#Swap's

Here is an example - TSLA earnings met but there were some problems so stonk dropped.

But it dropped relative to YESTERDAYS currencies.

Today?

DXY is down a bit.

Notice what happened to the stonk relative to currency.

This morning, of course another #SWAP

The euro strengthened(1)
The dxy weakened (2)
I expect a pop in the indexes (3) on the open

its all currencies doing this

But keep an eye on the 30y (blue) its going up. Everything follows the 30y eventually. A swap coming to correct today

In between everything else in this "market" you are working against:
a) cb money games
b) corp malfeasance
c) supply shock
d) rising interest rates
e) vol sellers slurping theta
f) fintwit "influencers"
g) cnbc shills

And know that i am of the strong opinion you must do swaps, ideally iron condors or at least butterfly's to protect from theta decay and rot of vix due to swaps.

See here - notice the vix vs dxy

Its not TIGHT correlation but there seems to be influence.

U don no when swaps hit

Another observation - say you have a loan on a 10m office building.
you got the loan at 2%.
Well that sucks rn cause interest rates are way higher.
So, you want the arb on the interest rate - so you "swap" interest rate w/ higher, and they pay lower.

Banksters will bankster.

sorry - spreads