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Blood Bath & Beyond
A Rough Week For The Apes After hitting a high of $30 on Wednesday, shares of Bed Bath & Beyond (BBBY) fell to $18.55 Thursday, on news that billionaire Chewy, Inc. (CHWY) founder, GameStop Corp. (GME) chairman, and pied piper of Wall Street Bets apes Ryan Cohen had dumped his entire stake in the ailing retailer. Chart via ZeroHedge. After hours,…
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The Market’s Up, The VIX’s Down, But Risks Abound
Bears Drowning In Sea Of Green “‘Sea Of Green;: Bears Crushed As Stocks Storm Above 50% Fib Retracement” That ZeroHedge headline from Friday’s close would have seemed unlikely a few months ago, when former Fed wunderkind Zoltan Pozsar warned that the Fed needed stocks to fall further to fight inflation. Yet here we are,…
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ROKU Bounces Back
On Friday, after Roku Inc. (ROKU) plunged 23%, Cathie Wood’s ARK Investments bought ROKU shares in a few of its ETFs, including its flagship Ark Innovation ETF (ARKK). So far, that has proven to be a smart move, as ROKU shares have regained most of their losses from last Friday. One advantage of hedging in…
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ROKU Shareholders Learn A Hard Lesson
Here Comes Another Lesson “Hey, Professor!” Charles turns around to see a very short, very wide man stamping and scraping his feet on the cinders. His blunt, wide head is lowered beneath his mountainous shoulders, and a massive nose ring loops between his snorting nostrils. “Who are you? asks Charles. “I’m a real angel,” says the man.…
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Our Factors In Action
In our previous post (One Month Later), I contrasted the performance of our top ten names selected using our factors (including the new one added last month), and the “plain” version using no factors. Here’s another performance comparison of the two. These were our top ten names (with factors) as of July 15th. Screen capture…
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One Month Later
Update On Our New Factor Each day the market’s open, Portfolio Armor gauges stock and options market sentiment to rank securities by its estimate of their potential returns over the next six months. In an email last month, I mentioned adding a new factor to that process. This was the first top names cohort to include the…
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Riding The Natural Gas Rollercoaster
(Originally published on July 16th, 2022) Natural Gas Climbs Back After crashing by about 25% at the end of last month, natural gas has regained momentum this month. In my personal account, I bought at-the-money puts on the ProShares UltraShort Bloomberg Natural Gas ETF (KOLD) when it hit $40, and then sold them (too soon) for a…
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“All Hell Will Break Loose”
Serbian President Predicts Doom Serbian President Aleksandar Vučić was interviewed by local media on Wednesday, where he predicted the next stage in the Ukraine War. According to RT (Ukraine Conflict Is Already A World War–Serbia), Vučić sees the Ukraine War as essentially a world war already, with the West aligned against Russia. And he’s not optimistic about…
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Adding A New Factor
Updating Security Selection This post was originally shared via or email list on June 29th. Each day the market’s open, our system gauges stock and options market sentiment to rank securities by its estimate of their potential returns over the next six months. We made a slight change to our selection process last week, incorporating…
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Surviving An Ugly First Half
An Awful First Half For Stocks The first half of 2022 featured a perfect storm of headwinds for stocks: by January, inflation was at a 40-year high. Then came Russia’s invasion of the Ukraine in late February, and, following that, Western sanctions on Russia that exacerbated already-high inflation. Add to that the Fed raising interest…
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