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

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Little bit of an up day yesterday, looks to be reversed so far today. The gold and silver miners continue to be may favorite area on the long side. Good day yesterday and so far so good this morning. NVDA has earnings tomorrow, I may decide to hedge with some SMH puts, will see how the action plays out. There are rumors about overheating.

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FLR is a name I added to yesterday on an undercut and rally at the 50 day.

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Same with SAP.

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On the long side most of my watchlist is still extended. On the short side, most of my watchlist curled up so will be watching for any breakdowns today. I did get back into KVYO on a break of the 50 day.

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Couple of names I am watching closely are TTD and ZLAB

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Themes

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Politically Neutral

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I think that when socially responsible turned into SG people took it too far, it’s one thing to have an option for people who don’t want to invest in certain areas, it’s another to sacrifice shareholders for stakeholders.  This is the inevitable result on the right.  I think this eventually settles into the middle, or at least it should. Companies should go back to focusing on shareholders and profits, leave politics to the elected officials.  

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Donald Trump Jr. Goes All-In on the Anti-Woke Economy-WSJ

At 1789, Trump Jr. will work alongside some of Trump’s biggest allies, mixing politics with business even as he has said he plans to stay out of the administration. His current role is honorary co-chair of his father’s transition team, where he sees his job as keeping people seeking to capitalize on roles in the administration out of it.

European Defense

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Germany to publish new defence industry strategy by year end, says minister-Reuters

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Weight Loss Drugs

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Here's one of the major issues with the weight loss drugs, are they going to be able to get into areas like this in spite of RFK Jr.? Right now the market looks to be betting on RFK Jr.

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Makers of Weight-Loss Drugs Want Your Employer to Pay for Them-WSJ

Lilly and Novo NordiskNVO -1.90%decrease; red down pointing triangle are hoping to win over employers on the idea that obesity and its complications are already a huge cost in terms of healthcare, workers’ compensation and disability. By offering employees coverage for the weight-loss drugs Zepbound and Wegovy, companies can save money in the long run, the messaging goes.

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Crypto

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Extended at the moment, but could be interesting on a dip into support.

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Robinhood poised as ‘major beneficiary’ of Trump’s crypto trading changes: analyst-MarketWatch

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