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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.

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At the moment I am scheduled to be on Fox Business tomorrow at 7AM, if that gets finalized then there will be no newsletter tomorrow.

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They tried and failed to sell the market off yesterday. Today is NVDA earnings so I would suspect we won't see much going on ahead of that. What they say about tariffs could have an impact on the entire market. Bottom line, NVDA is so systematically important that I would wait for their earnings and market reaction to make any big moves one way or the other.

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Lowe's earnings report did have some troubling comments...

"When it comes to the macro environment, this remains a challenging home improvement market. While interest rates are beginning to drop, consumers continue to face affordability challenges as both inflation and interest rates are putting pressures on their wallet. Mortgage rates also remain stubbornly high, and there's still a meaningful gap between current mortgage rates to purchase a home and the homeowner's existing rates, with over half of current rates below 4%."

On the long side still seeing a lot of extended names, except again the gold miners.....

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Those are selling off this morning. FCX (copper) could be setting up....

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CEG sold off early in the month and now looks to be inching it's way back. This is buyable right here on an undercut and rally at the 10 day.

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I added to my SAP position the other day, still looks buyable here above the 50 day.

On the short side I added ATAT yesterday on a break below a few moving averages.

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Themes

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European Defense

Europe space industry needs consolidation, Airbus CEO says-Reuters

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