Timestamps
What Happened Last Week – 00:10
What’s Happening Next Week – 5:11
Nick’s Update – 12:55
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Timestamps
What Happened Last Week – 00:10
What’s Happening Next Week – 5:11
Nick’s Update – 12:55
10 Responses
I sent an email 5 days ago, the day after the recent equities top, about readjusting my position in outrights. I didn’t get a reply. Fortunately, I sold near the top anyway and now I am looking to reenter, because I really should have some exposure to equities.
Should I just “go shopping” here or wait for momentum to turn (even if it’s just a rally)? I’d prefer standing by for a 2GB email instead, but I guess you won’t be buying any equities at all unless the level is really good, as the 2GB portfolio already has a decent exposure.
I found your email in junk, just now. Yes, I am looking to buy around 5400 SPX or lower.
Ok, if I see the level getting some bids after that 5375-5400 gap is tagged, I’ll enter a position there (and maybe some XLK too). Thank you.
Hello Nick,
do you think the rotation out of tech stocks has legs? If so, would you considering buying RSP instead of SPY?
To me, the USA is tech. While there might be some periods of outperformance by equal weight, they will/should be irrelevant longer term. Without tech, USA is nothing but very expensive Europe. Short answer is: “Hell, no!”
Thank you for answering so clearly.
Nick – I believe BOXX position on your spreadsheet has the formula for “value” deleted.
Indeed. Fixed.
We will update it next week. Now it’s updated to today’s prices. Not a lot of difference but it throws everything out.
By the way, that was such a great alternative to USFR (certainly for me)! I much prefer to get paid via capital appreciation to whatever form of dividend.