CHART OF THE DAY: Do You Have A Winning #Quad3 Hand?

Fact of the matter is that by the time we see the “turn” (4^th card) and the river card in SEP, both the RNC and month-end markup pumps will be over and it will be time to play the next hand.

Is it possible that you, and 50-75M Hoodies, are all holding 4-of-a-kind (that beats a Full House)? Nope. But after seeing 4 straight all-time closing highs for both the SP500 and NASDAQ, everyone might think they have a Straight or Royal Flush too!

*Reminder: both of those flushes beat your pocket pair of Aces, Full House, and 4-of-a-kind – and you don’t get more Aces on a “stock split”

If you’re playing multiple hands at multiple tables (because you, unlike the Hoodies do multi-factor, multi-duration Macro, across asset classes), here’s what a Long/Short Royal Macro Hedge Fund Flush looks like right now:

ACE – Short US Dollars, Long Commodities
KING – Short US Bank Stocks, Long Gold and Gold Miners
QUEEN – Short Small Cap (Russell), Long Large Cap US Tech + Chinese Internet + Selective EM
JACK – Short Spain’s IBEX, Long Finland’s (or Norway’s) Stock Market
TEN – Short Old Wall Macro, Long Inflation Expectations via TIP and IVOL

That hand sure beats the “pocket rockets” held by the “Investment Committee” @CNBC.