Money Vikings Investing Where are Da Bears? Week of 7/3/2023
In This Issue: Where are Da Bears? Market Report, Finviz/Sector Analysis, Sentiment Analysis, 🔴🟢 VIX Multi Year Lows, Hot🔥Trades - Bearish SPY Broken Wing 🦋
Happy 4th of July readers, and welcome to the 2nd half of the year! I can not find any 🐻bears left on this planet. Even my favorite perma-bear Tim Knight is starting to capitulate. With a face ripping rally of 3.49% IWM, 2.46% in SPY, 2.09% in DIA, and 2.05% in QQQ we could be heading to all time highs in the next few months. Believe it or not, I still have a bearish trade on, my SPY Broken Wing Butterfly, highlighted for Premium Members in the HotTrade section below. In our WOW Portfolio, WMT is up 9.46%, WM is up 10.44%. O is down -6.29%. If you adjust O for dividends of around +$25/month—it’s still ahead. This is not investment advice, but if you had put $1000 into each of these on Jan 1st, you’d have $3136 or 5% return not including dividends. Note this week is a shorter trading week with the 4th of July, and there aren’t any earnings to monitor.
Weekly Market Report
The 10/2 Yield Spread Continues to Invert
The Fear and Greed Index, AAII
Events Next Week
Financial Freedom to Kids: What to Teach About Money to Kids in Elementary School? - A great article about how to get your young ones thinking about money, and this history of it.
Antagonist Stocks and Options Research : Over the Weekend #26: Best and Worst Sectors to when rates rise - Includes an interesting chart and discussion of the best sectors to follow when the US 10 Year treasury yield rises. And the black market for AI Chips!
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