Navigating NASDAQistan
We are not at war
To my dearest compadres,
We are not at war.
An alcoholic Fox News host, who now runs the Orwellian Department of War, which itself answers to the lifetime chair of the Board of Peace, who has bombed seven countries so far this year, has threatened to cut out or even nationalize the world’s most advanced AI company… How much we really do live in free market capitalism?…
Money Monster’s does keep an eye on the economy but actually most active analysts don’t use prompts that factor it in. Here was MM’s summary today…
…the U.S. economy is facing significant challenges, primarily due to escalating geopolitical tensions in the Middle East, particularly the ongoing conflict with Iran. This situation has led to a sharp increase in oil prices, with Brent crude reaching $85.41 per barrel, the highest level since 2024. The surge in oil prices has heightened concerns about inflationary pressures and the potential for prolonged economic strain…
It goes on to summarise the effects on the energy, tech , consumer goods , banks and airline sectors.
It’s likely that the classic F150 driving MAGA voter is going to have an unpleasant surprise next tie they visit the pumps.
But how did MM do? It was a mixed bag.
A rocky week
Today
Yesterday
A note on the numbers below - the first number is the change from the market open, which isn’t always a great indicator given that calls might finish after market open. The second number is the actual position return that day. What it does show yesterday is that if these positions had been left to run - they would have had a good return.
So with dynamic brackets for stop loss and take profit, which take into account a company’s typical volatility on earnings day, the ALTO position would have stayed open.
Wednesday
A dystopian week
… with a few dystopian stock picks
May you live in interesting times.
A
