What PNUT Tells Us About This Market

If you’ve never heard of Peanut the Squirrel… that’s okay. And if you’ve never heard of PNUT, the Peanut the Squirrel meme coin… well, lucky for you. Because it was all over the place today, hitting a $1 billion market cap after listing on Binance and getting the nod from Elon Musk. If Elon Musk knows you exist, you’re hot - that’s how this market’s rolling right now. It’s so perfectly indicative of the wild froth and bubble mentality out there. Despite being completely ridiculous - Peanut the Squirrel coin for cryin’ out loud - it has big implications for us, the adults, trying to surf the waves of the S&P 500. I’d even say this was a critical discussion for us - let’s go… TotalTheo® Unlimited Monthly Streaming: https://theotrade.com/all/ TheoTRADE 2023 Live Event "A Trader's Paradise" https://go.theotrade.com/23-2/ Sign up for the Trading VIX Options Course: https://theotrade.com/vol/ The Next Big Short Class (Risk Twist Spread) https://theotrade.com/twist/ Weekly Options Trading Advantage Class https://theotrade.com/wo/ Learn the Tetrapod spread in the Secret Weapon to Trading Options on ETF's Class: https://theotrade.com/pod/ Consistent Intraday Strategies and Setups Class https://theotrade.com/day/ High Probability Trading with In Out Spreads Class: https://theotrade.com/spread/ Day Trading Nasdaq Futures Class with Tony Rago https://theotrade.com/nq Don't have thinkorswim? Open a TD Ameritrade Account and get the thinkorswim platform for free here: http://www.theotrade.com/tdameritrade Guide to Getting Short and Collecting Income: https://theotrade.com/getshort/ Join TheoTrade: https://theotrade.com/total Get Market Cliff Notes delivered to your inbox each trading day: https://theotrade.com/cliffnotes Get more free videos like these delivered to your inbox each trading day: https://theotrade.com Get free thinkorswim® tutorials: https://theotrade.com/theotradetutorials/ Subscribe to our YouTube channel: https://youtube.com/theotrade Follow TheoTrade on Twitter: https://twitter.com/TheoTrade Become a fan of TheoTrade on Facebook: https://www.facebook.com/TheoTrade Follow TheoTrade on Pinterest: https://pinterest.com/theotrade