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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),  please email 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.

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Themes

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Trump Trade

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The Trump trade was alive and well yesterday. TSLA and anything crypto related soared. We saw massive inflows into inverse TSLA ETFs (including ours) as it looks like traders think a 43% 4 day gain is a bit much. I personally took profits on my TSLA position but won't flip short. Good commentary on TSLA this morning from Mike O'Rourke....

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Since its earnings release 3 ½ weeks ago, Tesla shares rallied as much as 70%. We can understand the short covering since there is no choice there, nonetheless, the move is beyond bubbly. We understand Elon Musk was pivotal in the election, but adding $345 Billion in market capitalization in 4 sessions is like adding a Bank of America. Musk has proven he is capable of amazing things, but Tesla is still a company that needs to execute in the real world. Interestingly, since Musk acquired Twitter, all we have heard was about the demise of the platform. Today it would appear the X platform was the next biggest election winner after President Trump. The market may be chasing the wrong Musk asset.

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Interestingly TSLA and MSTR were up when I started writing this, they are now selling off.

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I will be closely watching gold miners, silver, and silver miners. All have gotten crushed since the election and I think it's overdone. I still believe the Fed is behind the curve and that is a positive for precious metals. I think precious metals and crypto can rally at the same time. However, I am not going to get in front of this move, at some point it will settle, until then I won't be trying to catch any falling knives. This is also likely having an impact.....

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EU Aerospace & Defense

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EU moves to reassure Ukraine of 'unwavering support' after Trump win-Reuters

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Donald Trump committed to NATO and is right to push Europe to increase funding, UK defence secretary John Healey says-Sky News

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AI Power Generation

One of my favorites....

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Way overextended with everything else though...

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Hedges

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Going to be looking for spots to short some of the recent high fliers, especially the non household names. With everything so extended, I think this maybe the best opportunity out there right now.

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A couple that I bought puts on yesterday....

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