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Toppy Tuesday – $2Tn Stimulus Talks Buys Us a Journey again to the Highs

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Right here we’re once more!

After unbelievable positive aspects yesterday, we’re again to the highs on the Dow, Nasdaq and S&P 500 and we’re ready for the Russell to return again to 1,700 (now 1,636) however even the NYSE has joined the occasion at 13,324 and issues couldn’t be higher in America, may they?  

Effectively, the financial system could also be on life help however what plenty of life help we’re getting with Trump now bidding $2Tn and Biden saying that is nowhere close to sufficient so, whoever will get elected – there’s going to be a number of cash flowing into the financial system – simply do not ask the place it got here from…

Apple (AAPL) led the markets larger yesterday, leaping 6.35% in a single day forward of at the moment’s iPhone 12 occasion.  Whereas Apple could also be introducing a 5G cellphone, the US is definitely not prepared (the remainder of the World is) as Trump’s ban of Huawei set us again fairly a bit and he both saved us from Chinese language spying or put America a few 12 months behind the remainder of the World in know-how – which one do you suppose Putin hoped for?  

Regardless of the run-up within the Nasdaq, our Brief-Time period Portfolio is holding up nicely at $484,069 – up a really wholesome 384% for the 12 months and that is unusual for a hedging portfolio in an up 12 months however that is as a result of we caught a few good down strikes completely AND we made some very worthwhile short-term performs.  We’re down about $30,000 since last Wednesday however our Lengthy-Time period Portfolio has jumped from $1,005,650 to $1,065,450 (up 113%) so we’ll take the +$30,000 we made within the LTP and spend it on extra hedges within the STP to lock in these positive aspects – simply in case.

Brief-Time period Portfolio (STP) Assessment:

  • CANE – We figured sugar would do nicely with individuals being shut inside and nothing to do however bake.  We are able to exit at $1.20.

  • INTC – Only a brief put to boost money.  Very assured.
  • WBA – My favourite discount inventory.  In competition for Inventory of the 12 months 2021.


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