Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: The equities call was correct, but barely. The S&P 500 advanced +0.45%, and the Nasdaq 100 +0.15%. The real story is my bond holdings (gold as well, I'll discuss their eruption at the end), as yields may have finally topped out. I'm not spiking the football on this, just … [Read more...] about Weekly Update – October 13th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: The equities call was correct, and the Nasdaq 100 finished up 1.8% this week. Unfortunately, the yields have been killing my portfolio, and they rose relentlessly again this week. You'll see just how much this move impacted my portfolio. And as painful as the past several … [Read more...] about Weekly Update – October 6th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: I was wrong on the S&P 500, but the Nasdaq and riskier names were up, which I'll discuss in Market Trends. More importantly, my call on yields rolling over has been dead wrong, which I'll cover next. As for next week, I'm generally bullish equities, and plan on staying long … [Read more...] about Weekly Update – September 29th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Although I thankfully have not opened an equities position yet, my long bonds and gold positions were hammered after Powell's press conference. Here's the 10 year yield for context. Just a massive, and frankly, surprising spike after Powell started talking. I did not hear anything … [Read more...] about Weekly Update – September 22nd, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Last week I wrote that "next week will judge whether or not this call was right", in terms of going long equities. The call turned out right, but only because I unloaded my equity longs Thursday afternoon (blue arrow). Friday was options expiration, which can always be a funky day, … [Read more...] about Weekly Update – September 15th, 2023