Happy Halloween catamites!
For the month of October, a month which I proposed we might crash (wishful thinking), the NASDAQ rose by 4%, Semis 2.5%, and the SPY 8%. It was a nice month for the permanent bull class of investor. However, those catacomb’d inside the FANG cellars were dispatched and placed into ruin.
Shares of META, GOOGL, MSFT and other tech giants disappointed and dove the fuck lower.
The oils rose by a staggering 30%, followed by beaten down REITs at +19% and retail at +18%.
The only areas of the market truly weak in October were Chinese burritos, solar, alt energy and biotech.
Barring some sort of collapse in my picks from now until the close, I will book a 3.5% gain.
What to expect for November?
I will reiterate my suggestions given in late September: a whirlwind of pain and suffering eagerly awaits you in the month of turkey and gravy. Tranny platoons of American soldiers will be STEAMING towards Europe in an effort to prevent a giant Russian winter offensive and markets won’t like it one bit.
Markets typically never trade lower in November and rarely crash into year end. My best guess is for an A-typical end of year wrought with pain and fears.
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Guessing midterms won’t move much of anything. Doesn’t matter, just get this crap over with. THEN, we can talk turkey.
Remember 2018?
Remember 2018?