During our Analyst meeting this morning, I observed the relative "calm" in the Chinese Large Cap ETF $FXI and how, while down for the day, it is still holding in a range it's been in for over three weeks now.
And we love how it's holding this range as a healthy consolidation from its late September breakout.
There's nothing about this chart that is bearish to me:
In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn't just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
As expected, Trump won by landslide. It was never even close.
The public markets and the betting markets had it right.
The pollsters either got it wrong or they just lied to you. But neither of those is acceptable.
I never trusted those weirdos anyway, because why would I?
The way I learned it was that it's not about what they say, but about what they do. Money talks. And the money was right again.
In this case, the market even underestimated the wide margin of victory in last night's election. And the markets have adjusted accordingly.
Dow Futures are up another 1200 points this morning, after putting up a 500 spot during yesterday's session.
Bitcoin is up 5000 points to new all-time highs this morning
Tesla is up 12% and the Trump SPAC $DJT is up 30%.
So even through the betting markets got the President right, the Tradfi markets hadn't quite priced it all in yet, as we're seeing over the past 24 hours.
Here's the thing: None of us know what the market is going to do. That's the beauty of all this. We are working with incomplete information. And we know that going in. It's ok.
The market is a discounting mechanism and already looking forward beyond the election and into Q1 2025.
We know. And that's why we had our LIVE Monthly Charts Strategy Session last night. These are the sectors and stocks we're buying right now, and arguably even more importantly, which sectors and stocks we're selling.