Financial News vs. Noise
Matthew Tuttle Keeps Challenging the Establishment-ETF.com
ETF Innovator Offers Early Exposure to Hot Stocks-ETF.com
Yesterday the rotation trade continued to prove it was more than a one day wonder. S&P 500 advances led decliners 8 to 1 and the S&P 500 equal weight outperformed market cap weight by 110 basis points. Small caps continued to go parabolic…
As did the Dow…
Rates shrugged off better than expected retail sales…
Mornings like this are why I love being a counter trend trader as we have some significant weakness in the S&P and the Qs. Interestingly the Dow and IWM are near the flat line. The main culprit this morning looks like the semi’s. This maybe the catalyst…
ASML shares under pressure as U.S. reportedly considers new export controls-MarketWatch
ASML Holding shares were under pressure on Wednesday following a report the U.S. is considering placing even tighter restrictions on the Dutch company to block it from selling its machines to China, as the company posted a worse-than-expected outlook for the third quarter.
Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments-CNBC.com
Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S. President Donald Trump.
This is why I wouldn’t worry…
Traders pivot back to multiple rate-cut view, reviving one of 2024’s biggest trading themes-MarketWatch
I went short a whole bunch of stuff yesterday into strength and also cut a bunch of longs. Hoping that at least offsets my semi exposure today. I continue to think this market is overbought, but you can’t just outright short it or get out, instead I think you tactically add shorts into strength and add longs into weakness. My short watchlist coming into today is massive, but those only trigger on large pops, which seem unlikely at the moment. On the long side my daily models have MSFT, META, AMD, and CRWD among a few others. Would add those on weakness. My fixed models are out of AAPL, MSFT, and TSLA in the Magnificent 7 so I may be adding those back.
Real-Estate Meltdown Strains Even the Safest Office Bonds-WSJ
The commercial real-estate meltdown is spilling over into the bond market.
Defaults are mounting in a favorite Wall Street mortgage-bond investment, setting off fresh alarms about the future of offices and malls in cities across the U.S.
Regional banks have been on a tear……
Interestingly, we have been seeing large volume and inflows into SKRE over the past couple of days. I love to see people using this in what I think is the right way (buying it on rips in KRE).
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Matthew Tuttle is the Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management, LLC.
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