As the Nasdaq jerks off into outerspace, and Bezos’ net worth eclipses $90 billion, I am bemused to inform you that most stocks performed miserably this week. As a point in fact, the SPY charged higher by just 0.55% — but the divergence amongst market caps was palpable. Only a select few stocks did well and I can prove it.
Inside Exodus, each and every week I break down the performance by market cap. This is for my quant based trading, which, by the way, legged higher by 0.91% for the week — almost doubling the returns for the SPY. Only stocks with market caps over $50 billion traded up for the week. To that end, they only traded up by 0.08%, while stocks under $1 billion traded lower by 1%.
Both TLT and GLD did poorly, so I am still 80% stocks, 20% cash. I will, however, be moving up the market cap ladder — all in on stocks with market caps over $50 billion.
Exodus members can access the market cap screen here.
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It’s not so much the net gains, it’s the reversal. If one was short at whatever the bottom was this week, or long vol, they’re grabbing their ass right now.
Being short or long vol at this point is nothing but betting on a meteor strike.
Remember that drop on Wed? lol
“Most” drops recently, or say since june, have been managed
Prescribed or allowed
And generally when allowed, standard drop-limit programming
– just refuting the notion of a surging-bull
– drops are “just a memory”
– na control and programming, “sorry”
Good thing you are rebalancing or whatever you call it, I guess.
Day traders / market timers and the “pros” are pissed because the Granny portfolio keeps kicking their asses, day in, day out.
Very true but it didn’t kick ass December 2015 when she raised rates in the deflationary environment followed by the next month of China implosion.
XIV just dominating. Oppressing the masses with it’s inflationary vortex. Like a pounding Hans Zimmer score.
Blade Runner 2049 – Flight to LAPD
https://www.youtube.com/watch?v=xnR8dXJAF7w
Check out the Adrian Belew and Martha Wainwright version of Heroes.
Fly – I see stocks with market caps over 50b had an average return of -32bps. Am I reading the chart wrong?
So only stocks with caps over $100b traded up for the week.
Might’ve changed from the time I posted.