January 23, 2025

Markets:

S&P 500 futures ticked lower early Thursday as Wall Street wondered if record highs were once again in the cards.

The stock market is getting a boost from excitement about potential tax cuts and deregulation under President Donald Trump, as well as signs of resilient economic growth. While tariffs remain an overhang, investors have been pleased with the lack of concrete action on these levies during Trump’s first days back in the White House.

The fourth-quarter earnings season is also off to a strong start, with Netflix climbing more than 9% in Wednesday’s trading after reporting a blowout quarter. But American Airlines tumbled more than 7% on Thursday after issuing weak guidance.

Investors will also get updated readings on the economy Thursday. Initial jobless claims are due out before the opening bell, followed Kansas City Fed manufacturing data later in the day.

Portfolio:

What a session yesterday and how quickly the market sentiment has shifted from "correction beginning" to "bull run".  Those who used the down turn to add were rewarded.  In any case, it was absolutely incredible to watch the large upside flow coming in yesterday across a number of sectors and specific names.  This massive infrastructure investments that came in and the prospects for certain companies over the years due to AI is still trying to be understood – and we mean this in a positive way of just how impactful it will be for certain companies.  The runway for AI is just beginning!

This morning we had a massive upgrade for AAPL – $325 price point.  Yesterday TSLA received massive upgrade of $550 plus short term.  GOOGL, AMZN, NVDA, and other semi / tech companies all with massive notes of outlook.  

With that said, we are working on our plan over the next two weeks.  We enter todays session holding setups inOKLO, HOOD, KODK, PSQH, and AAPU.  We have FOMC, massive tech earnings, and we believe crucial updates hat will come from President Trump and his administration.  All of these elements will feed this market for Q1.  Obviously, we expect a few bumps and downturns and will utilize these accordingly.  But short term, we believe we have a runway / sectors we can attack.  We want to see further positioning before we move in ut please be ready over the next two sessions.  Next week will be an outstanding week to trade as well with everything on tap!