Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities erased much of last week's Trump rally. The S&P 500 was down (-2.1%) and Nasdaq 100 (-3.4%). I started opening positions, and this chart explains why. Blue square shows that more stocks have made net highs vs net lows during this drop, which is bullish longer … [Read more...] about Weekly Update – November 15th, 2024

ey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities erupted after Trump won the Presidency, with the S&P 500 finishing the week (+5.1%) and Nasdaq 100 finishing (+6.2%). It seems like the market wasn't expecting such a clear Trump victory, otherwise this move would have happened sooner. Either way, this high volatility … [Read more...] about Weekly Update – November 8th, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities had a nasty drawdown Thursday, with the S&P 500 finishing the week down (-1.4%) and Nasdaq 100 finishing just positive (-1.6%). While Thursday's drawdown was nasty, only 70% of companies sold down that day. In other words, it wasn't a washout, which is seen when >90% of … [Read more...] about Weekly Update – November 1st, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities were mostly negative, with the S&P 500 down (-1.0%) and Nasdaq 100 finishing just positive (+0.1%). The Dow fell much harder (-2.7%), and small caps fell the most (-3.1%) I wrote at the beginning of this month that October is seasonally poor during elections, and both … [Read more...] about Weekly Update – October 25th, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities were once again positive, with the S&P 500 (+0.9%) and Nasdaq 100 (+0.3%). The "Trump Trade" May Not Be Obvious The Nasdaq 100 has been underperforming the S&P 500 for the past 6 weeks. Druckenmiller claimed investors were pricing in a Trump victory, noting how … [Read more...] about Weekly Update – October 18th, 2024