A few random notes.
The bubble basket of high valuation stocks in Exodus is up 9% over the past two weeks, off more than 2% today.
My prime barometer of risk, TWDFM (these will definitely fuck me) are getting smoked today, but up sharply over the past two weeks.
The FANG stocks have been grossly underperforming, up just 1% over the past two weeks. They’ve played second fiddle to the Renaissance found in low brow reflation stocks.
The market is smartly reallocating out of the fast trades, the bullshit dead cat bounces, and into companies of substance. As you can see by the graphic above, FANG is vastly outperforming today. This is undeniable in its bullish meaning for stocks and should provide succor for asset allocators who opt to purchase real companies over fading stars.
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Member TheMaven and I just went through the Free Cash Flow Mode Portfolio on a demo and honed in on 6 strong companies.
I’m getting to zee choppa. Too much bull capitulation.
DWTI is calling me.
More like a rotation into Treasuries & anything with strong & stable cash flows (props 2 Raul)
DPZ / DUK / VZ are my favs.
elvis’ *in the ghetto has been stuck in my head for two days. can’t find anything to buy. maybe SHAK down another 10% gets interesting.