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This week we cover: Meta, Arm, Palantir, Applied Digital, CSX, IREN, Bitcoin, USD
Average S&P price target: 6,700
Bitcoin: Microsoft will decide on Bitcoin treasury this week. Amazon is next.
Inexperienced “investors” become overconfident due to easy access to large amounts of market data. Information overload leads to overconfidence.
Most “CFAs” on Wall Street are clueless with a bottom-up mindset which can lead to a lot of confusion when macro forces take over the narrative.
S&P: Still room to expand.
The dollar has also stabilized after ramping higher to the top of its range.
Applied up +53% since late November.
Coherent making fresh relative highs.
IREN continues to gain momentum.
Meta vs Apple is the ultimate long/short play.
CSX is WEAK and has been showing signs since 2022.
ARM is holding up strong. Something to keep an eye on.
Palantir: This was our first write-up (PRE IPO).
Palantir has now reached escape velocity.
Very hard to beat the monetary inflation benchmark. Bitcoin crushes.
Fidelity’s Bitcoin Valuation Model. Going higher.
US Treasury called Bitcoin “Digital Gold”. We’ve been long since 2013.
Return always wants its risk payment.
NOT INVESTMENT ADVICE. Only for entertainment.
