10X MOMENTUM POT WEEKLY UPDATE

March 5th 2023

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Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.

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Very quick update for the week.

The market last week held well and is crazy how catastrophists and optimists are battling out there.

Even Nobel prizes are saying that they are puzzled by economic data.

Although we had the fastest rise in interest rates in history, the US economy is still “too strong”… which may lead the FED to keep interest rates higher for longer, increasing the odds of a deeper recession and, because of that, a strong decline in corporate earnings and eventually a decline of stock prices.

When? Who knows!

In the meantime, the SP500 is up about 5% in 2023.

PORTFOLIO CHANGES

So we stick to the process and apply a bit of caution by “listening to the market”.

So far I have been stopped-out from 5 positions which means that it is not a friendly market environment.

More caution makes sense until the win ratio will start to improve.

I am left with 2 open positions,