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Alias Born 02/29/2020

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Friday, 03/27/2020 4:13:24 PM

Friday, March 27, 2020 4:13:24 PM

Post# of 102
The TIPs Mr. Market was Smoking Crack Today.

Day started out good, STIP up .33%.
An then about 1:00 pm EST it plunged down -.67% for a 1% move which is phenomenal for the short market.
WFT happened? Did the stimulus package get voted down? Did the USD soar.
Nope, package approved and Trump set to sign, the dollar continued to drift lower.

Figured out quick this is the classic: 'buy on rumor, sell on news,' gambit. I needed to buy some more STIP before the market closed so I took advantage.

After all is said and done the cross section of tips (STIP, TIP and LTPZ) pretty much closed unchained. What could have been my worst down day for the year ended off $22.00 -- LOL!
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