Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities had a great rally this week, with the S&P 500 rising (+3.9%) and Nasdaq 100 (+5.40%). While this price action looks good on paper, we have not seen aggressive institutional investor buying under the surface. More than 90% of shares were sold down on August 5th, … [Read more...] about Weekly Update – August 16th, 2024

hope you had a great week, here's a quick recap of last week's plan: Equities rebounded from Monday's initial drop, with the S&P 500 still closing negative (-0.04%) and Nasdaq 100 positive (+.40%). The bigger issue was the 90% downside day Monday, which reflected institutional investors dumping shares at any chance they could get. These selloffs are normally … [Read more...] about Weekly Update – August 9th, 2024

hope you had a great week, here's a quick recap of last week's plan: Equities had a really bad week, with the S&P 500 (-2.1%) and Nasdaq 100 (-3.1%). Small caps gave up nearly 3 weeks of gains, as the Russell 2k finished fell (-7.2%). I have been sharing my bearish concerns since July, and it seems like this is coming more to fruition. Zooming out, though, it's … [Read more...] about Weekly Update – August 2nd, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities had another bad week, with the S&P 500 (-0.8%) and Nasdaq 100 (-2.6%). Small caps were once again positive, as the Russell 2k finished up +3.4%. But unlike the prior few weeks, we are not seeing growth outperform. Instead, money is rotating into value. On top of that, … [Read more...] about Weekly Update – July 26th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities had a bad week, with the S&P 500 (-2.0%) and Nasdaq 100 (-4.0%). Interestingly, there wasn't any serious data behind this drop, such as CPI or a Fed meeting. Small caps did great, on the other hand, as the Russell 2k finished up +1.9%. The Russell's outperformance explains why more … [Read more...] about Weekly Update – July 19th, 2024