The Wall Skreet Boys were 1 for 2 on hot takes given last week. We called the olympics being traaaaaash, but fell oh so short of the eviction moratorium existing in perpetuity, as the U.S. Supreme Court puts the kibosh on the eviction ban in New York State. The Senate passed a $1T infrastructure pack which will send us on a one way rocket ship TO THE MOON (or maybe more like a railroad or something, you get the point). Inflation data provided this week has Jefferies economists with some outlandish claims, and the S&P continues to do its thing.


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With a slightly boring week in the markets, all eyes are on the eviction moratorium which shows no signs of ever ending. RIPYDB to all the landchads out there. Vlad Tenev also finds a way yet again to skirt the system and upend his cult following doing so. The boys went off on multiple tangents regarding superheroes and space, in stunning Wall Skreet fashion. The ultimate question that stems from this episode: who is the biggest weed smoker in the fed?

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The lackluster GDP and jobless claims didn’t stop this bull market from making steady progress (to nobody’s surprise). Orange juice futures went absolutely brazy after a frost upends Brazil (breakfast brunch at Tiffany’s became a little bit more pricey). Also, Trevor Milton continues to take L’s as he is facing threats of securities fraud and could potentially serve up to 25 years in ​​prison (although securities fraud wasn’t the most heinous crime committed by this individual). And to finish off the show, the debt ceiling (which is very much a permeable membrane) is the topic of discussion as the U.S. government is in jeopardy of running out of cash. Kick rocks, Robinhood you’re IPO was traaaaaash.

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Our friends at the National Bureau of Economic Research have solidified that the United States is officially the universal champions of recessions, book it baby. Apparently the COVID recession lasted all of 2 months and we are back and better than ever. Just like Bezos in Blue Origin, the economy has taken a trip to outer space (except we never came back). Stocks are going for a wild ride this week, so buckle up to the close of this week and enjoy another installment of the Wall Skreet boys spitting nonsense. Robinhood still sucks btw.


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Episode Details: EP32 coming in hot when one of the OG homies on FinTwit finally link up with (½) The Wall Skreet Boys (prayers up for BB). No topic was safe in the end as the boys discussed best trades, worst trades, current market conditions, and much too long about coffee and caffeinated drinks in general. Big ups to whoever finishes this entire episode.

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Glizzy Options

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First things first F’s in the chat for anyone that bought into the Didi IPO. RIP in peace. Also F’s in the chat for Yuppie’s retirement account as he’s almost holding the bag on a China-based, U.S.-listed company which unleashed mayhem on his account. The million dollar question though, is when (if they ever do) will the Fed start tapering? And last but not least, SHOUTOUT DOJA QUEEN

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Robinhood let off with a wrist slap and a consultant after putting on arguably the most embarrassing trading platform performance in the history of the universe. Amazon’s rise to monopoly status is well underway. And United Airlines is letting it absolutely RIDE as they plan for massive growth in the coming years. Forget a pandemic, Imma cop me a Boeing 737 MAX BABYYY.

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The crypto markets are feeling the wrath of The PBOC (or so that’s what we’re told) and gold bugs/crypto bears (such as yours truly) rejoice. Full disclosure we still don’t understand crypto at all and at this point we still don’t care. Also the Fed comes out and just straight up lies regarding QE and its effect on the housing market, but who cares? QE INFINITY AND BULL MARKET IN PERPETUITY.

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