Monday Monitor

Pay attention to TLT!

Some highlights from this weekend’s Event Driven Monitor

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The Event of the Week

We’re increasingly of the view that TLT fails. When that happens, we really don’t know WTF happens. Just think about all the things that suddenly blow up. We’ve been bearish the US since last summer. However, when we saw bonds sell off with stocks this past week, we had a “it’s pretty fuct, isn’t it??” sort of moment.

In 2006 and 2007, we were bearish. We told everyone we knew, that large banks would fail. We knew that the financial systems was wobbly. Then, somehow, in 2008, we got clobbered, even though we had lots of shorts on the books….

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Kuppy’s Tweet of the Week

 


Chart and Kliff Note of the Week

13D and Activist Monitor: MAGA activist campaign continues at US Steel. At the start of the week, activist Ancora published a presentation detailing their plan (enjoy the 120 slides as Sunday reading!!). Shortly after, U.S. Steel management came out firing at activist Ancora’s strategic plan, calling it inconsistent, unrealistic, and self-serving.


Strategic Alternatives Monitor: For those of you are not familiar with the story, Harley Davidson got a new CEO in 2020, Jochen Zeitz, who has been pushing the company closer towards “inclusion” “LGBTQ friendly” “woke” concepts. Take a look at the stock chart to see how that worked out. But things may be turning. First we heard HOG is abandoning DIE/Wokeism.

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Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.”  One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!

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