The Market -- 11:19 A.M. EDT -- June 2, 2023

Locator: 44832INV. 

Updates

Later, 1:35 p.m. EDT, the VIX drops below 15.

Later, 1:33 p.m. EDT, overheard at a McDonald's in Omaha, Nebraska:

• Warren: Did you see the market today? The Dow is up over 600 points; trending toward 700.
• Charlie: Pretty disappointing.
• Warren: Say what?
• Charlie: Imagine what it would be if we weren't in a recession?
• Warren: Imagine what it would be if Trump were president, making America great again.

 Original Post

Two words: short sellers. Classic squeeze.

Along with short selling squeeze: YOLO, FOMO, MOJO. But, of the four, it's mostly about short selling squeeze.

Investors should be looking forward to the "Fed" raising rates by 25 basis points in June, with another two raises after that yet this year. In other words, three more raises in the "Fed rate" before the year is over, 25-basis points each time.

What a great country. A month from now, I'll be able to park money anywhere for 6% while looking for the "next big thing."

A reminder:

• One year ago, July 15, 2022: Nancy Pelosi "reveal": a new multi-million dollar investment in Nvidia.  At this post.

The great reset: March, 2023.