One might argue this is the stupidest fucking reason to jimmy stocks. Then again, markets are always making excuses for its actions. In this case, the fact that people will no longer be welded into their homes is good news for stocks here too — for reasons I cannot tell you.
But notice what is busting loose in the pre-market: oils and other commodity related stocks. Copper is +3.5% and oil is +2.7%. But this is legitmized by the bond market reacting — with the US 10yr -14bps to 3.93%. Ergo, even though this might seem retarded, the proper things are moving to keep a rally.
Today I rebalance my Quant portfolio. If you don’t have the appetite or time to trade often, this is the perfect solution for you. I re-balance this just once per month — buying the top rated stocks in Stocklabs with 5% weightings per position and leave it alone. YTD, this strategy is +11.7% and has achieved 23%, +29% returns the past two years.
For members, I will sell current positions this morning and replace with the November portfolio around noon. This is exactly the screen I use, buying 20 stocks in order.
Bottom line: Stocks found a reason to rally, but its inflationary.
SL quant recap
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