How Juneteenth Became A Federal Holiday

The Case Against Juneteenth

Regular readers may recall us sharing a thread about our friend Jeremy Carl's new book about anti-white racism last month, "The Unprotected Class". Today he has a timely thread on X about how the George Floyd fueled the push to make Juneteenth a federal holiday, and why it shouldn't be one. Following that, we'll close with brief note about what we have planned for after the market reopens tomorrow. 

Another argument against Juneteenth is that a more appropriate candidate for a national holiday to commemorate the end of slavery in the U.S. would have been September 22nd, the date of Abraham Lincoln's Preliminary Emancipation Proclamation (the formal Emancipation Proclamation was signed on January 1st, 1863, and New Year's Day is obviously already a holiday). And some suspect the real reason Juneteenth became a national holiday is because of its proximity to the holiday some of its advocates want to replace, The Fourth of July. 

After The Market Reopens 

It will be interesting to see how the music stopping in Japan impacts markets here. On Thursday evening, as usual, we will be posting our system's top ten names, and we'll see then if the Japan business impacts that selection. 

Recall that our top names have returned 23.41%, on average, over the next six months, versus SPY's average of 12.77%. Last Friday, we placed a bullish options bet on one of them. We'll see if there's a promising trade in tomorrow's top names batch as well. 

If you'd like a heads up when we post our top ten names, and any options trade based on them, feel free to subscribe to our trading Substack/occasional email list below. 

If you'd like to stay in touch

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).