Hello all,
I hope you all had a great weekend.
Last week pretty much muted if you just see the week over week numbers, Spooz lost 47bps, Nasdaq lost 70 odd bps and Russell gained 195bps.
But there was excellent volatility both ways and made it a “trader’s market”. We did capture bunch of the points and had one of the best weeks of the year. But that could very well be positive variance as opposed to sustained edge over thirty years or so. This is extremely pertinent especially with AI advancing everyday and breaking barriers in science, art and everything in between(even economics which is neither science nor art).
NO ATTACK ON IRAN (FOR NOW)
This afternoon President Trump said he will not be attacking Iran today.
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This likely is going to provide some respite to the markets which have been
showing a drawdown since the start of the month. With a triple digit crude oil right before the midterms, it seems like US attacking Iran is not something that the administration would like to do.
WEEKLY TEARSHEET
These are my thoughts for this week and positioning I anticipate to occur post FOMC and megacap tech earnings.
note: there is also a pdf attached at the end if the images are difficult to read on mobile devices.
