Afternoon Notes – 3/24/2022

Good Afternoon:

• The Federalist’s Sean Davis aptly summarizes where things stand today:

“We’re about to face massive energy and food shortages, and Biden’s solution is to ban drilling and put expensive and inefficient solar panels and windmills on what’s left of American farmland that hasn’t been bought up by China, Bill Gates or BlackRock,” he wrote on Twitter.

• Add housing to the list, as BlackRock is buying that up too. Remember the Great Reset promotional video – “you will own nothing and be happy.” They didn’t tell us that BlackRock would own everything instead. I am not happy.
• And then BlackRock’s CEO Larry Fink told shareholders in a letter today, “the Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Daaaaa! “A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption.”
• Should we laugh or cry? First, they are coming for our money and will be tracking EVERYTHING. Bitcoin, is this your moment? Oh, and welcome to the Surveillance State.
• But the good news about globalization is that the interdependence between and among countries probably led to fewer conflicts and wars. I would not be isolating Russia after 20 years of American culture becoming part of their land. The move is a huge step backward. Sanctions have never worked anyway.
• As Bob Gates deftly observed, Biden has been on the wrong side of every foreign policy issue in the last 40-years. No point in breaking such a great record now.
• As one example, Mcdonald’s is closing 850 stores in Russia. The average lifespan of a Russian has now increased by seven years. Just kidding, but isolating Russia or any country is not the best solution. But who would expect the wokesters to be smart?
• Now that all of the important nations are isolated from each other, could we close our Southern Border, please?
• Is this really a good time to reinvigorate Iran with another bad nuke deal? Oh, sorry, that is another part of the population control agenda. My bad.
• Also, none of us want that globalist, commie “Great Reset” either. We want our jobs back too. We want our Country back. If we have to experience inflation, could we do so benefitting our own country with jobs? I am tired of sacrificing for the wokesters and their grand, corrupt, boondoggles.
• Ironically, we are getting a New World Order, but not the one Davos wanted. This world order will be divisible by at least three global regions.
• The Great Reset crowd and their woke nonsense led to Russia invading Ukraine in the first place. I would not want George Soros and the Davos wack-jobs living or working next door to me either – especially with Biolabs.
• A recent survey of 100 Russians found that they all knew the definition of a “woman,” unlike Supreme Court Nominee Ketjani Brown Jackson.
• The same 100 Russians had absolutely no doubt about what should happen to purveyors or producers of child porn either.
• President Putin would prefer Russia stay “woke” in those ways. President Xi likes the same plan for China.
• Please make no mistake, considerable animosity toward Russia and China emanates from the Davos snowflakes who see both countries as significant obstacles to their Great Reset, utopian, collectivist dream.
• In the Great Reset utopia – you slave – they master. No wonder they are so excited.
• Part of the Great Reset is population control. The Russian conflict grants the World Economic Forum Davos a two-for-one. If we have a nuclear war, Russia is no longer an obstacle and it helps with population control.
• If we wipe out China and Russia, even though only three or four of us might be left alive, the wokesters hope we can join the woke cause with no opposition.
• Anyway, I am still thinking of identifying as a minority woman to get an SBA loan. Be prepared, I am one ugly girl!
• Today, the market stayed inside our sandbox, closing just slightly above our second resistance at 4510.
• 4500 is still the most significant strike on the options chart – so it is a magnet of sorts through April expiration (but with a sizable JP Morgan position expiring on March 31st).
• The market tried to hold the 200-day line and the Weekly Mean on today’s lows. So it was a struggle for the first few hours. But the market held the line for the second time and regained most of what it lost yesterday.
• Swing traders took positions today on the pass back up and through S&P 500 (SPY) at 447. I am still targeting the February 2nd highs near 458 (370 on the QQQ), but the WEM high sits at 454 and may stunt our growth before tomorrow’s weekly expiration. 
• Leveraged accounts used April monthly SPY and QQQ at the money calls. Non-leveraged accounts used the SPY and QQQ ETFs at 45% each.
• Again, we will be managing these positions tightly as the market continues to climb the wall of worry or at least until we have some adults running the country again.

A.F. Thornton