High Beta still weak
Hedge stays on!
Hey!
Two days of very weak performance of high beta.
The SNOW earnings basically kicked down all ARKK names.
I hoped for strength, but that is out of the window. The hedge stays on!
My take is they fall until they have great valuations, that could take another 2-3 years, but if something like SNOW trades at 15 times earnings I will get excited. Most of those stocks will disappear, but some will emerge as new leaders.
Also have a look at —>
$CF printing money due to utilization of low gas prices in the US and high gas prices in the rest of the world... look at earnings estimates :-) @DoombergT
I have written a small explanation on my trading style:
https://1drv.ms/w/s!AsT65yHImWIXhJAkqrBuTxDnR54HEg?e=DQyDmQ
Have fun reading it.
Take care!