The LongVol Show - Ep 20
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Welcome back to episode 20 of The LongVol for the week of ending 14, 2024. For new listeners (and readers) make sure to subscribe on Spotify and remember you can submit questions each week about stocks you are looking at or want my take on.
This week we saw cooler CPI data and The FOMC meeting which pushed prices higher so I want to talk about that as well as $TSMC, $AAP again and get into what cooling CPI / potential rate cut means to me as a portfolio manager.
If you’re new – this is not investment advice, I only manage money for accredited investors and qualified institutions – if that’s not you, then you can access the AST Alerts Free for 21 Days.
Quote of The Week
Favorite Articles This Week
Now on Spotify
The Market at Large
- Bullish flow continues this week and $5500 SP500 futures target is still what I have modeled and a good close this week given all the data we’ve had.
- MSFT and META Big wins from Momentum Monitor
- Tesla still needs to base and breakout – was a good start
Some notes from last weeks report below.
Taiwan Semiconductor +30% Since Mention
Homebuilders & Related Stocks
There’s not a real estate agent you’ll meet today who is not running with the narrative of “when interest rates come down prices will soar” – you see it everywhere as social media has taken hold.
I disagree and have for a while but before we get off course this is a discussion related to home builders and related publicly traded stocks in that sector, not physical housing.
- $XHB is the “easiest” way to track and trade the sector – I think that has higher still to $120 off an uptick.
- This was an AST Alert last week that we closed out for nice gains.
- $RKT was also good for about +15% in 3 weeks out of the report.
- Overall sector sees an uptick into the first cut but bearish into Q125
Final Word.
- Q&A from this week from listeners/readers
- New report out Sunday – get a free 21 day trial
- Reminder: will be in NYC in July if anyone wants to meet up.
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About the Author
Daniel Bustamante is the founder, managing partner, and CIO of Bustamante Capital Management L.L.C., a multi-strategy investment management firm based in San Juan, Puerto Rico. He has over 10 years of experience in the financial industry, specializing in equities, futures, and event-driven trading strategies.
He is also the founder of TheLongVol.com, a blog and newsletter that shares his insights on his investing process, travel, and other private investments. He has been featured in Bloomberg, Arizona Business Journal, Business Insider, Yahoo! Finance, Forbes, Seeking Alpha, and other publications over his career on Wall Street.
