Daily Market Brief
I am not saying anything here to start you all have not already seen so let’s skip that part about the CPI print, there’s no need in me regurgitating it and you’re all here (or should be) because you’re after actionable data so you can do what matters: make money.
In this environment I think everyone has to become a macro-trader or at a very minimum pay attention to it because the inflation trade is raging again.
And finally, I simply follow the money flow across financial markets and in this era trading the incompetence of Central Banks and Governments is just too hard to pass up so that’s where the focus is, until it’s not.
Our energy longs that started last fall and January were great to be in and there’s another one (still in and added into today) is going to make new highs. If you are an AST Portfolio Member then you had that alert sent a month ago. With those names they are “quality” meaning: buybacks, increased dividends, strong FCF and of course technicals to support the trade. And one thing I look for is all of that together when I take position/swing-trades.
Michael Marcus said it best: The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone.
Alibaba - The standard press article was out today from CNBC on Jack Ma re-emerging and I still think that name remains a value-trap but the time may be right soon to dip in to that idea.