Market When Closed, Wednesday 11 December
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"You're Going To Need A Bigger Load Bay..."
by Alex King, CEO, Cestrian Capital Research, Inc
... to stash all those dollars.
$TSLA hit new all time highs today, fuelled by momentum, China hopes and dreams, the wonderfully-named Tesla Q (eat that, $TSLAQ haters!), and general smokium-hopium-euphoria.
An on-target inflation print today sent equities ripping upwards. It also, rather curiously, saw oil move up and bonds drop a little. Suggesting that nobody is really buying the "inflation is done" line but that instead folks expect the Fed to cut into an inflationary environment. Which means the actual inflation may get worse (oil up, bonds down) but the price of money won't yet be moving up to compensate for that (so equities up). So, Santa Rally intact for now.
Now talking of stacking the Musks, a word about a veritable source of funds for me personally of late.
YX Insights. Where Tesla Sceptics Go To Make Money.
Yimin Xu's YX Insights is a wonderful research service that we're delighted to host. I personally use his work a great deal in my own investing and trading. What I particularly like about YX Insights is that the service has helped me to make very good gains in stocks and ETFs on the fringes of the "Degenerate Economy" - specifically I am thinking of the BlackRock Bitcoin ETF, $IBIT, and of course the next-generation robotics and AI compute business $TSLA (nobody say "sedans"!). Yimin's work is purely technical in nature and pays no heed to the narrative of the day (which tends to be way too bullish or bearish for these kinds of names) nor to the somewhat lightweight fundamentals that underpin such stories. His work has given me the confidence to play highly speculative names in a risk-controlled way, with a series of successful gains banked and with risk controls always in place. I would encourage anyone who is both a grownup and interested in not missing out on "story stock" gains to take a look. I would expect Yimin to be no less successful in calling the downside of these stories when the inevitable rug pull comes.
Short- And Medium-Term Market Analysis
Don’t forget that to open full page versions of any of the charts below you can just click on the underlined header which titles each chart - they are all hyperlinks.