Quick Market Update
Quick Highlights:
Interest rates continue to trend higher
Bitcoin will remain the top asset of 2025
Tesla poised to make new highs
AMD is making a comeback
Our Long Meta / Short Apple has been winning since 2022
Watch out for your traditional 60/40 portfolio. Bonds are not bid.
Learn Something
Diversification and risk-adjusted return, as taught in business school, is largely nonsense. As a money manager, it’s more effective to have a multi-asset discipline rather than being stuck in equities. Too many investors focus on the present—but the present is already priced in, and what a company is earning right now is largely irrelevant.
You need to think outside the box. The key is to focus on what most “investors” expect, and then identify where the future might look different from that consensus. That’s how you make money real money. The obvious is obviously wrong.
S&P has support around 5750 & 5500
Tesla: This will be a textbook breakout to fresh highs.
The 10yr wants to go to 4.80%
Japanese rates are parabolic. Keep an eye on this.
Oct 2022 we started pounding the table on the Long Meta / Short Apple trade. 25% tariffs on iPhones will destroy Apple. Cook needs to go.
Don’t look now… AMD is finally making a comeback
Coupang is still on fire from $13-$14 when we first started covering it.
Johnson Controls: The true winner in data-center liquid cooling up 32% since our coverage.
Fade this EURUSD rally.
Platinum is breaking out of a huge base.
Do you know what assets don’t care about macro news/events? Everything below. Beating every asset classes you can think of besides Bitcoin.
