The Russell purge
Russell rebalance Before we dive into our thematic updates, we’d be remiss if we didn’t touch on the Russell rebalance this Friday. This is one of the few calendar events where fund flows overwhelm fundamentals. David Einhorn famously used the example of jelly donuts: one is good, two are ok, and a dozen is fraternity…
Dead Cat Bounce
Once you see a chart, you sometimes struggle to un-see it… This is the Naz during the 2000 tech bubble. Now let’s look at the GFC. Note a pattern? A smash, then consolidate, then leak lower until the real selling starts. It’s almost a chart crime to then pull up 1929, but we can’t help…
Event-Driven trading: Index Additions / Deletions
Let’s start with some Event-Driven set-ups as we style ourselves as an E-D site first, with a side-helping energy/uranium commentary. We’ve talked a bit about index additions/deletions as there have been a few interesting deletions of deep value names, but we haven’t talked much about additions because, honestly, since Tesla back in Q4/2020, they’ve all…
March 3, 2024, Vol.166
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