Financial News vs. Noise
I will be at an ETF conference in Miami Sunday-Wednesday so unlikely to get a note out, also maybe let my finger heal a bit. Still hard to type so abbreviated this morning.
S&P still trying at 5000, figure they eventually break as there are no real catalysts until CPI next week. Remember if there is no good reason to go down the path of resistance is usually up.
I talked about crypto early in the week or last. Figured this sell the news would subside and it has. Forgot to take some profits on my CLSK ahead of earnings, so again better to be lucky than good. Added to MARA as well.
The security names did well yesterday—CXW, GEO, AXON, SWBI. Probably a reaction to Trump’s Supreme court case looking to go his way. I do play DWAC but these are a less volatile way to play this theme.
Flipped long from short in China yesterday, no real conviction long term, just buying the dip. Bought the dip in BABA as well.
In other EM, Argentina getting crushed a bit, still do like that area longer term. Went back long Brazil.
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