In what was an otherwise ugly week for the market our portfolios continue to heavily outperform showing us two core positions gaining +500% just this week. As, usual we’ll finish this week off with a short 10 minute macro view of the market before we get into a comprehensive portfolio review.
This time I am zooming out to the weekly chart to show you how the market has been respecting the time by degrees timeframes since the covid crash low. We are also showing you how this bullish move is still very much in tact and could get started at any moment. You’re going to want to see the current sentiment gauges we highlight and how these same indicators helped us call the beginning of a major advance just a year ago.
We also have some new macro developments like the additional $280 billion of Chinese stimulus announced last night. Again, we continue to reiterate that the fear here is well overblown and the headwinds to this market are now at our back and not in front of us. We are days, if not a week away from a true Uptober moment.
