Tim Knight is one of the last bears standing and he is pressing his bets, about 155 percent short on a red day. His framing: the world's first trillionaire was the biggest round number of all and, to him, the signal to short everything tied to Elon Musk. Tesla is a wreck and SpaceX a fiasco, in his words.
He walks Google's steep post earnings drop, a Nasdaq close to breaking its months long range, gold's failed bounce, crude oil cracking above its trend line as the Iran situation worsens, and bonds that keep pushing rates higher, with a heavy week of mega cap earnings still to come.
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Chapters
00:00 A red day and 155% short
02:43 Google leads earnings lower
03:58 Tesla, Elon and the trillionaire curse
06:47 SpaceX waits for its reckoning
07:32 The...