TradFI Weekly Update
Models Tech stocks calls have done well.
Since the model went long
Meta is up 50%
Apple and Microsoft are up over 20%
Google has had an amazing week. It's up over 20%.
This is what was mentioned when the Model went long
Here is the interesting thing, most market analysts are busy writing obituaries about Google citing how ChatGPT will kill it but the Market is suggesting otherwise. Model continues to be long GOOGLE.
In last week's update, this was mentioned.
One big change models picked up is its exit from BOND position TLT. It would be interesting to see how it plays out. The mainstream narrative is that FED is done with the rate hikes, but then why are markets not bidding TLT?
TLT continues to look weak.
Model went bullish on DXY.
Weak Bonds and a strong dollar are signaling a Risk off Scenario.
SPX looking weaker but the model hasn't flipped bearish yet.
NDX and Tech look the strongest among the lot.
Model has exited its GOLD and SILVER positions for now. Model was able to capture the meat of the up move in this leg. Will renter the positions when turns bullish again.
Coming to Models positions. There have been 2 exits and 1 entry.
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