Equities will have a nice bounce into the end of quarter - September 29th. We will most likely add a long position to the short-term portfolio.
We remain defensive with our metal’s outlook until after the FOMC meeting.
We would like sentiment to reset and come back down to the 40-50 level.
We added Bitcoin under $10k to our short term portfolio on top of GBTC. It could flash-crash intraday to the rising 200 DMA, but odds say no. Bottoms often unfold on weekends in BTC.
Biotech is another long trade target of ours into FOMC week.
Virgin has a ton of news coming out over the next 45 days and we expect fireworks. CNBC pundits plugged the company Friday after the bell as a top long term hold. SPCE is the future. The richest men in the world, Bezos, Branson, and Musk, are moving their chess pieces into play for the industry of the next century.
We see no collapse in energy demand. Crude should follow the stock market up into late September.
DENN is trading at a 60% discount from February prices. They have already raised capital and the bad news is out. Funds will find value and buy with a forward-looking investment view.
Steel may not catch fire until after the election but we can still harvest a nice gain into end the of quarter with X.
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