Now that I’m back into full work mode it’s even more clear just how big of a miss Quantum & Uranium was for me. A thesis that went back to the summer of last year was finally met with some very obvious entries and some outsized opportunities.
These watchlists act as a diary/journal, somewhat personal and often repetitive. They allow me to unload thoughts, feelings and ideas; keeping the mind clear to think freely.
Thanks to the miss in the mentioned sectors, October turned into a very quiet month & one of great underperformance. Yet I’m ok with that and looking forward to operating at 100% once again.
So what now? With a trump win my thoughts are as outlined yesterday, so no need to repeat.
In terms of Biotech, Trump, Musk & Vance have already shared their beliefs on the current Pharma industry and how there should be a much greater focus on Cure > treatment of symptoms. Still waiting for this thesis to show signs of life 😂
The move in IWM was thanks mainly to regional banks, some of the wildest price action and strength we’ve ever seen in the sector. Yesterday was a big breadth thrust but not as big as one may first believe.
Large cap tech still trades at very high premiums, whether this weighs on the rest of the market is yet to be seen. NVDA pushing towards ATH whilst AAPL enters a bearish trend. I’m not thinking too much into it yet remain aware and observant.
As it stands I’m just sat patiently waiting…
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