Finally the day has arrived, whilst we have no idea whether this move fades and turns into a sell the news, so far so good. Small caps, innovation, risk on sectors; all looking good here. Institutions have been selling at the largest pace in years and no doubt Kamala supporters will be shorting the hell out of this move.
Does the under-positioning turn into a huge face ripping rally?..
My thoughts have not changed, Biotech should be a clear proxy and more specifically “cure orientated” companies.
With Musk technically stepping into the white house many investors are chasing Tesla. However, as far as I see it, the biggest beneficiary will be Spacex and the space sector that still relies heavily on government money. I now can’t see the money getting pulled anytime soon.
A lot are calling for Oil/Gas names to be bearish under trump, so if they rip today the massive over-positioned short will get squeezed, meaning I’ll add to longs.
One thing I won’t be doing is adding on dips, put aside your feelings, if the market sells the news it’s not a sell you want to buy.
For the past month I’ve been practically sat out, mainly due to my intense travels. Whilst I’m getting back into the full swing and work mode, I’m struggling to find much “new ideas” I want to get involved with. If Biotech etc doesn’t work then my thesis is completely wrong.
I’m hungry to get back involved but I fucking hate losing money, much prefer making it. I already have money on the line to benefit if my thesis plays out.
Biotech, Space, IWM, Oil & Gas.. Does it move, that’s all I care about.
Going to step away today in order to remove all emotion, will check back at close.
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