The Market Just Showed Its Hand
My new position, where the market goes from here, SpaceX, AI, Kevin Warsh, and more.
That’s what you might’ve thought if you read social media yesterday.
Why? Because Kevin Warsh was “hawkish.”
Instead, the market exploded higher today and closed out the week with a monster day across multiple groups and sectors.
This reinforces one point. Price is the only thing that pays.
You can read all the headlines, pay attention to bears, etc. but at the end of the day none of that matters when price is telling you something different. And price spoke in a big way today.
Yesterday’s FOMC was perceived as hawkish and negative by many on social media over the last day, but the market said otherwise. And that’s all that matters, markets can remain irrational longer than one can remain solvent.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
This is where I posted my three new positions in real time.
I added a new position today in an old retail favorite that everyone’s now forgotten about and left for dead… just as it bounces on support. More on that below.
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article I’m going to discuss my newest position I added today, what we learned at the FOMC yesterday, the SpaceX IPO and what opportunities I think are percolating in the space group, what I expect from the market from here, the AI trade broadly, and much more.
We got a lot of answers this week, and it’s important to understand everything that’s happened as I believe we learned a lot about where the market is headed.