WARSHED OUT!!
Benny & The Squirrel: Ep. 22
We recorded the show on the evening (EST) of Monday 2nd February.
In Episode 22, Benny and The Squirrel dissect a historic week defined by the “Christmas tree of death” crash in precious metals. Ben details his successful short trade during silver’s 38% plunge, characterizing the move as a massive leverage washout requiring a “correction in time” rather than a fundamental break.
The dynamic duo discuss Kevin Warsh’s Fed appointment, noting how fears of balance sheet contraction steepened the yield curve and crushed mortgage stocks like Rocket Companies $RKT.
Shifting to macro, they highlight Monday’s strong ISM data and rally in ‘deep cyclical’ stocks, concluding with a preview of Thursday’s deep dive interview physical power markets.