Quick update on markets.
When bombs start flying, we start buying.
When bombs start flying, we start buying.
The S&P looks slightly overextended, especially with elevated geopolitical tension—but this sets up attractive buying opportunities. Tech and infrastructure remain leadership areas.
Let’s revisit our “3 MAJOR THEMES OF 2025”:
Underestimated AI Impact and Infrastructure Spending;
Rethinking Traditional Investment Approach, the 60/40 portfolio
Bitcoin higher in 2025
Oil is bid on middle-east tensions, but seasonality peaks in June, and this move likely fades. We’re not chasing crude here.
This week we look at S&P levels, oil, Meta, Tesla, Palantir, Apple and Philip Morris
S&P: % of stocks above their 50ma is a great indicator for overextended indices
S&P: Zooming in, here are the levels to watch closely for opportunity.
US 10yr yield is still trading sideways. Higher oil will bring this up a bit.
But oil is starting to top in its range.
Looking at seasonality, Oil’s best month is June. Fade the rally in oil.
New fresh relative highs for Palantir. Here is a link to our pre-IPO research from back in 2020
“Scale AI’s Alexandr Wang confirms departure for Meta as part of $14.3 billion deal”. Meta will continue to outperform its peers.
Top in ASTS Spacemobile.
Apple: Vulnerable stock at these levels. Tim Cook needs to go.
Platinum: Doesn’t get any coverage but look at that rally, $950 to $1300 quick.
Tesla continuing to strengthen relative to the overall market.
Philip Morris: Zyn is king.
AI will accelerate this chart 10x.
MTG’s Final Fantasy Collectors Box is already at $850.
