The New Recession Narrative - Market Opportunities

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This week’s research:

• Tesla, Meta, Palantir, PM, AST Spacemobile

• What to avoid: India, Small Caps

• Mainland Chinese investors are buying this dip in Chinese tech big time.

• Gold is being vaulted in the US at record rates.

• Bonds are rallying on GDP weakness

Big Story To Monitor

Media outlets will amplify the recent GDP prediction drop from 2.3% to -1.5%, signaling a contraction due to sharp government spending cuts—which is actually positive. Don’t fall into the fear. Embrace the dip as an opportunity, as it gives the Fed cover to cut rates once or twice more this year. This is why bonds have been rallying for the last two weeks.

Tesla at longterm support. Volume profile is the best indicator during large drawdowns.

Palantir at good support here. Use the DOD “expense cutting” news as opportunity. Palantir excels at making processes more efficient and cost effective.

Feb 3rd: “Speaking of drugs. We still like Philip Morris. Cigs.” Up 21.5% since.

Meta’s dip is being bought up quickly.

Continue to keep an eye on AST Spacemobile

June 10th 2024: “Small-caps have done NOTHING since 2020 besides diminish returns. Failing to diversify.” Still trash.

Two weeks ago we discussed the topping in coffee. Playing out.

Avoid India. Rather own China any day of the week.

Bitcoin Vol.

Current state of Ethereum holders. Bitcoin over everything.

M2 velocity rolling over. Financial conditions are tighter than investors think.

JP Morgan delivered one of the largest shipments in history 59,296 contracts breaking the 47,132 June 2020 record during QE infinity. Something is up.