Olde Business: {Disclaimer: As the narrative of the economy in a V shaped recovery is proven wrong{boiler room crowd}, and the Billions that were dropped in market makers hands, the balloon will now finally pop }
Shorts in 10/2020 are in disaster mode
AIG American International Group +34%
EQH AXA Equitable Holdings +26%
MET MetLife +24%
ALL Allstate Insurance Group +17%
PGR Progressive Insurance Group -3.5%
TRV Travelers Group +20%
still tells me that FEDMEDs have boosted their reserves and outstanding contracts, but will this 3 month fumble continue into February as new govt regulations force the retracement back to 09/2020 level {pre-election}.Watching closely for volume changes and outflows.
KBWR +43%
KRE +42%
Banking stocks were boosted by the election results and boosted by the senate runoffs. I believe a reversal will head them back to Summer levels as regulations changes and buybacks bring down the hidden balance sheet holes and as dwindling employment numbers go southbound in the next two months.{infections and lockdowns persist}
New Business: {Disclaimer: As the narrative of the economy in a V shaped recovery is proven wrong{boiler room crowd}, and the Billions that were dropped in market makers hands, the balloon will now finally pop }
With a mutation of Sars-Cov2 across the globe, in major markets USA,Europe,Brazil, I am forecasting a return to stocks that were hit hard in February/March 2020
{ Shorts since mid Feb
JETS IYT XTN KORU DIA since 2018 at 198 off by 40% }
Once again we move $$$ into dividend/bond/treasury funds DHY, PEY, DHF, WIW, WIA as secure havens for cash become the 'new' thing.
since October 2020