Momentum Monday – The Wall Of Worry Grows…So Does Speculation
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Good afternoon…
There is a huge new brick in the wall of worry with the bombing of Iran’s nuclear facilities.
Markets love to climb wall of worries. The problem with this brick is that Iran’s leadership are fanatics and they no doubt like chaos and of course chaos ois terrorism and they have had decades to put in place sleepr cells. The market cant price events like that in, so today markets are calm and oil, which was expected to skyrocket, has plummeted.
This bombing was leaked and priced in.
I think that’s the way a Trump Presidency works..people know and they don’t even try and hide it from the markets because there is nobody to hold anyone accountable
I hate being that cycnical but it has worked for me.
Elsewehere…
Speculation is everywhere which surprises me with interest rates at such high levels. I am seeing so many things happen that do NOT happen at market bottoms, but at market tops. Tens of SPAC’s, IPO”s quadrupling, crypto pumps, small cap stocks surging on sketchy news etc. Not to judge because timing when things reverse is almost impossible.
The speculative supply always dwarfs demand it’s just a matter of when.
Tesla launched robo taxis and $TSLA ( ▲ 8.24% ) fans are ecstatic. Never underestimate the cult of Tesla.
Ivanhoff and I walk through this and more in today’s episode below…
Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
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Travel Tales: Howard’s Italian Experience
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Wealth Management’s Boom and Investments
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Real Estate Market Stagnation
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Insights on $COIN ( ▼ 0.26% ) Revenue and Stock Performance
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Impact of Stable Coins on Visa and Mastercard
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Elon Musk’s Focus on Product Launching
In This Episode, We Cover:
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Travel Tales: Howard’s Italian Experience (0:00)
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Wealth Management’s Boom and Investments (3:19)
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Real Estate Market Stagnation (6:21)
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Insights on $COIN ( ▼ 0.26% ) Revenue and Stock Performance (8:41)
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Impact of Stable Coins on Visa and Mastercard (11:20)
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Elon Musk’s Focus on Product Launching (14:02)
Here are Ivanhoff’s thoughts:
Bull markets climb a wall of worry. They keep brushing bad news off and find a way to continue rising. The most recent examples include the war in the Middle East, which spiked crude oil prices; the Fed’s reluctance to cut rates due to fears of higher future inflation; and the lack of any signed major trade deals.
Despite everything, the dips in QQQ to its 20-day moving average have been consistently bought. We all know this is not going to last for too long. It is normal to see deeper pullbacks even in a bull market, especially in individual stocks. After all, bull markets don’t lift all boats equally; they are an environment for good stock pickers. Bull markets also tend to correct through rotations. We have seen lately how legacy stocks like AAPL, GOOGL, Visa, and Mastercard have been under pressure while recent IPOs like CRCL and CRWV have been on absolute fire.
And here are the charts discussed:
