2023-12-17

Hi, welcome back. So my account is up like 5 percent this week. The biggest profit is from MonTLT, which is the US treasury bond ETF. So this is my option portfolio. The biggest position are long TLT and long MSTR, which are long US Treasury Bond and long Bitcoin.

And this my SPX delta exposure. So the largest delta is from MSTR

as for my Delta exposure, in terms of industries, I'm basically long the broader market.

Also, you can see my short cyclical stocks has been down a lot. That's why the exposure has been reduced.

So this week we have a massive stock market rally because of the do fish comment from Federal Reserve Chairman. So he's basically saying, like, we are going to have rate cuts earlier in next year.

And I think it's not a rational decision from them because their job is supposed to keep interest rate as high as possible for as long as possible.

So I think that is probably some political agenda behind that decision.

So you can see this, the approval rating for US president Joe Biden. So in December is hitting a very low rating. So I think that's probably related to why we have a very dolphish Federal Reserve at the moment.

But anyway, I think we now have to stop market on steroid. So which is going to push everything higher for the rest of December and January in this year. So I'm very bullish on the markets at the moment.

However, I don't think the hot money is going to keep chasing the magnificent seven stocks, which are the mega cap big technology stocks.

So I think that is going to be a rotation from those magnificent seven stocks to the smaller cap, but higher growth, higher valuation stocks

So just some coverage on China. . So we can see we have the record high MLF injection, which is some midterm lending facility. So basically it's injecting liquidity into the economy of China. So one of the, so one of the Chinese ADL stocks that I'm bullish on is NIO, N I O. So I'm targeting 15 per share for in the next six months, .

So this is the update for this week.

Thank you for watching. See you in the next week. Bye.