Click Here to subscribe to The H.E.A.T. Formula Newsletter

_______________________________________________________________________________________________________________________________________________________________________________

‍

Please register for: The Best Investment Themes Post Election 

on Nov 21, 2024 11:00 AM PST at:

https://attendee.gotowebinar.com/register/8455197581530760535

Matthew Tuttle will discuss:

Three below the radar investment themes that have nothing to do with AI.

How to design trades for asymmetric returns.

How to profit from the Fed’s stupidity.

Why bonds are a stupid investment and what to do instead.

If you would like CFP™ education credit (½ hour),  pleaseemail pneville@tuttlecap.com your CFP™ID number.

If you can't make the live webinar, register and we will send are cap.

For investment pros only.

________________________________________________________________________________________________________________________________________________________________________________

Why Are Single Stock ETFs Taking Off?-ETF.com

‍

META and MSFT both reported after the close and are both down over 3% as I write this. The market is down in sympathy. Will be watching the 10 day, 50 day, and 200 day on MSFT....

‍

And the 10 day on META...

‍

‍

This is a positive for AI....

‍

Meta and Microsoft: AI’s Spending Champs Won’t Be Tapping the Brakes-WSJ

But both are betting large sums on artificial intelligence, and neither is yet inclined to slow down.

‍

Meanwhile....

‍

Super Micro Computer Stock Plummets as EY Resigns as Company's Auditor-Yahoo Finance

‍

I would stay away from this. I like to buy dips, but not dips sparked by your auditor resigning. Will be watching NVDA for any good dip buying opportunities though as these guys are their 3rd largest customer.

‍

Keep an eye on this.....

‍

JD Vance Shocks GOP: ‘I’ve Come Around to Ron Paul’s Argument on the Fed!’—Senator’s Bold Stance Sparks Debate on Central Banking-Economic Times

“We’ve seen the impacts of unchecked power in the Federal Reserve for decades, and I’ve come to believe it’s not in America’s best interest,” Vance explained, referencing Paul’s advocacy for transparency and accountability in monetary policy.

Themes

‍

Weight Loss Drugs

‍

LLY had an undercut and rally at it's 200 day.....

‍

NVO ended positive. I would watch the October low of 113.79 as a possible entry point.

‍

Crypto

‍

MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin-MarketWatch

‍

Europe Defense

‍

UK's Reeves pledges more cash for defence spending-Yahoo Finance

British finance minister Rachel Reeves said on Wednesday she would provide the defence ministry with an additional 2.9 billion pounds next year and promised an annual 3 billion-pound support for Ukraine would continue for "as long as it takes".

‍

China

‍

Alibaba Stock Has Soared. It’s Still Cheap Enough to Buy.-Barron's

‍

Yet China’s economic stimulus plan is also a sign that the government is determined to spur an economic recovery regardless of the cost. Even if this round doesn’t work, Beijing’s willingness to intervene should at least put a floor under consumers. Likewise, policymakers may be less likely to interfere with tech companies, which have been the main economic drivers elsewhere in the world. Alibaba, as a dominant e-commerce and cloud provider in China, should benefit both ways. With a flush balance sheet and a stock trading at 10.7 times forward earnings, it still looks like a bargain.