Staring at the sun for too long
STARING AT THE SUN FOR TOO LONG UPDATE
US Dollar Update - Potential for more upside but need another day or two to confirm.European Markets - I like the DAX long but am still cautious on the Euro Stoxx 600.US Markets - Choppy action with Nasdaq 100 leading but others still vulnerable to more downside.They are not working and could lose on the March but have plenty of time for April. March are only SPY and QQQ (2.5% allocated) and April I have SPY, QQQ, and IWM (5% allocated). I'm still in the puts I bought for March and April. Now and I would advise against chasing some of the names mentioned above. Some run into regulatory issues with governments when they get too big and powerful. They run into tough comps, earnings growth rates and technological changes and habits. I am asked often "How long can this last?" I don't know the exact day but I am assured that stocks like these, that dramatically outperform, come back down to earth. Those that have outperformed have owned Amazon, Apple, Netflix, Microsoft, Nvdia, Intel, Boeing, and Goldman. I've discussed the crazy narrow attribution with the big weights quite a bit but it's the market we have and as much as I cringe when I hear people say it's a "stock pickers market" it's true.
STARING AT THE SUN FOR TOO LONG FREE
You'll go blind staring at the Sun and insane if you stare at your screens to too long.īesides the bounce from the political news, the gains were focused around small/midcap indexes with good action in regional banks (the tariff free trade) IĬouldn't believe how the average of the largest 10 weights in each US sector was as follows: Financials -40 bps, Materials -25 bps, Consumer Goods -50 bps, Consumer Services - 105 bps, Utilities -94 bps, Industrials -43 bps, Energy -84 bps, Telecom flat, Healthcare +13 bps, AND Tech + 98 bps. If you find yourself doing this, force yourself to shut down, get away, go workout, take a walk, hang out with significant other and kids, and if that doesn't work open a great bottle of wine like you crushed it. I call it staring at the Sun and I've done it when I've had a hard day. Yesterday was a difficult day for me as I'm set up net short and throughout the day I was staring at my screens in disbelief.