Daily reflections on market news.
15 JAN: Visa and Mastercard down => could be a good opportunity to enter, thesis is stimulus will promote spending and paying off cards.
BBBY => reversal from short squeeze…it’s a pretty bad company in the age of ecommerce. They are turning things around but a 45% jump this week feels shaky.
14 JAN: GME short bursting => should/could reverse tomorrow.
Biden giving economic speech and talk on stimulus today => 50/50 this will push averages up.
13 JAN: BMY starting to break. Has been significantly undervalued, so this may be time to get on.
- Zoom issuing more stock => could be an inflection point to bounce back up. We’ll see.
- GM => launching Brightspot, commercial van EV solutions, last mile (getting ahead of change). This is definitely the place to be in auto.
- ARKQ => bought 1% fund of LMT yesterday, LMT has been on downtrend for almost a year, but this is a strong indication of a reverse.
11 JAN: Rising yields, steepening curves, and elevated inflation => bond prices will degrade, banks will rise.