Asks how Chris is reacting to the morning market moves after weekend preparation was disrupted.
Alex Coffee
Chris Versace
Context is key. Markets were oversold last week, breaking through 200-day MAs. Today's move is a relief/recovery bounce due to unexpected good news pushing markets higher and oil lower.
Asks how to combine his holistic macro view with a market hyper-sensitive to geopolitical headlines and oil prices.
Alex Coffee
Chris Versace
Put on protection via inverse S&P 500 ETF (SH) due to concern about duration of Middle East conflict. Simultaneously built a shopping list for the portfolio.
Asks Chris to explain the professional hedging/long-short thought process for retail investors.
Alex Coffee
Chris Versace
Hedged due to implications of rising oil/gas/diesel prices. S&P 500 consensus expectations kept rising, suggesting market wasn't baking in the impact on consumer spending.
Asks about specific names on the shopping list, mentioning Applied Materials and Palantir.
Alex Coffee
Chris Versace
Looking at oversold quality names: American Express (consumer spending concerns overdone), Eaton (electrical/data center spending). Starting a position in Applied Materials at the open.