Quick Market Update
Liquidity in the U.S. is dropping. The Fed is trying to curb inflation.
The 10-year Treasury yield suggests the market expects lower inflation soon.
Soft economic data might push the Fed to cut rates, but not immediately.
We saw some volatility last week, mostly hurting growth stocks.
Short- and mid-term moving averages point down, so I’m not buying right now.
10X MOMENTUM PORTFOLIO
Stopped out of CART for a 12% loss.
Three positions remain with no changes to stop-loss levels.
No new buys this week.
10X UNDERPRICED GROWTH
Tough week. Stopped out of LFMD (two positions: -13.5%, -30.2%), HOOD (two positions: -6.0%, -23.1%), and DLO (-5.0%).
Now holding three positions and a lot of cash.
Still in the green overall.
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