Positioning Still Looks Like a Crash Is Coming
Volume 145 - The Week Ahead
Markets closed Friday on a flat note but still eked out a ~0.5% gain on the week.
Things change.
And last week, I started building downside exposure. (In case you missed it, I’ll share the trade later.)
Meanwhile, the IBKR 08/15 60C I flagged worked like a charm, I cut half at 5.88 (from 2.35). Still holding the rest.
Phase II AI Basket Update
Since sharing this basket two months ago, the equal-weighted basket is up +38.4%.
Top performers: LEU +166%, CRVW +141%, CRDO +86.9%
Laggards: DUOL -27.7%, CRM -4.7%
Find the basket in the post below
Software Basket Update
Since sharing this basket a week ago, the equal-weighted basket is up +5.37%.
Top performers: U +27%, BBAI +23.5%, SOUN +10.7%
Laggards: CDNS -1.57%, FICO -0.17%
Find the basket in the post below
But let’s stay on the shift in tone: when someone like me, who’s been pounding the bullish drum for months, starts buying December puts… it raises eyebrows. And I guess it should.
And it is safe to say that I am