Market On Close, Thursday 6 November
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“They Fell For It Again! Woot!"
by Alex King, CEO, Cestrian Capital Research, Inc
If you’re running the house’s book in equities, crypto or most anything else right now, you’ve probably had a great few weeks. Not one but two liquidation events in crypto and plenty of spillover into high beta stocks too. Free money for you, yay!
Earnings season is now in full swing; so far, of the companies I’ve seen, the numbers have come in pretty well, meaning that as of 30 September there is no recession; that could change next quarter or next year of course. The market reaction to some prints has been extreme - $DUOL dumped on a double beat whilst the normally reliable pain sponge $SNAP mooned on news of some kind of AI thing or other. But overall, no major problems in Corporate America yet it seems.
Let’s take a look at where all the moving parts stand. Join our Inner Circle service if you want the good stuff every day in your inbox.
Black Friday Sale
From now through end November we have a singular item on sale, which is our cheapest Inner Circle membership.
Our 6-Yr Extended Membership is available at a 30% discount; normally $19,999 for Independent Investors or $39,999 for Investment Professionals, this can be had for just $13,999 or $27,999 respectively. That’s less than $7/day for independents, less than $14/day for pros. I’m pretty sure you can find multiples of that value in our work.
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