Taking a systematic approach to investing has forced me to analyze the markets in ways I never would’ve done on my own. The money flow in and out of the market is simpler than I thought. Mostly, it’s based upon market caps and certain criteria rooted in fundamentals.
For example, the SPY shed 0.2% for the week, while small caps lost 0.9%. For the first time in 9 weeks, I underperformed because I was in small caps. Today I was forced to sell all of them, reduce my TLT to 5%, and go long mega caps with 75% of my assets.
Digging deeper into mega caps, I found that the fundamental criteria that had guided me in and out of stocks helped enhance performance by an enormous degree. The entire mega cap quintile lost 0.2% for the week, while my fundamentally based screen gained 0.6%.
As such, I am now a happy and proud long in mega cap stocks that I would otherwise abhor — but done in a manner that is consistent with the style and grace that you’d expect from a space alien magician (SAM).
By all measures, the action in the tape this week has been the best in perhaps the past two months. We’ve seen risk off assets drop, small cap degenerates fall out of favor, and mega cap growth return to the top of the hill — urinating on all those below.
This all bodes well for a summer rally, providing oil can avoid collapsing.
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Mazor is small cap, no? 😎
the hell is going on with gold?
it’s weak. Sell it.
flush of weak hands?
What about if oil does nothing?
oil hasn’t affected stocks in a while.
Public interest in index funds is fueling funds into megacaps.
Don’t fail me NVDA.
I am long that too.
Counter trend rally starting……….
https://www.bloomberg.com/view/articles/2017-07-06/private-equity-and-passive-investors-are-on-a-collision-course
SVXY and my boring single ETF portfolio wins again.
As long as my clients are buying 3 bedroom apartments at the 4 seasons that they rent out for $20,000 a month… and spending $100,000 on $10,000 worth of electronics and networking equipment that will be obsolete in 6 months
two at a mother fucking time…
… and spending $100,000 on $10,000 worth of electronics and networking equipment that will be obsolete in 6 months
and dumping the rent they get into AMZN and FB…
I will remain butt naked running around in this room full of killer bees with my hands on my hips listening to gangster music while picking up benjamin’s with my honey covered dick.
New York has got money coming out of her ears.
None of it is for you, unless your already long the indices.
These people don’t think they just spend and buy.
Heading to manhatten next week, any recommendations for pizza or food in general? Staying midtown manhatten.
Get a gyro from the Muslims in the street for 5 bucks with white sauce and a little bit of hot sauce.
Good pizza is to be found in Brooklyn at Spumoni Gardens
2725 86th St, Brooklyn, NY 11223
or the Bronx at John & Joe’s
749 Lydig Ave, Bronx, NY 10462
Lazzara’s on 38th in midtown is decent
221 W 38th St | New York, NY 10018