Hello!!

This is too easy.

Market behaved exactly as we’ve predicted weeks ago! Ai memory names getting slaughtered as expected - down ~40% from the peak across the board. Korean retail traders got margin called twice last week. Nothing to do here. Now we just chill on the sideline for the market to provide us with more information. A bounce might be happening soon as right now there’s blood on the streets, but these type of bounces are hard to play so I will be just chilling.

SpaceX is now $124, below the $135 IPO price. Nothing to do here other than just holding the shorts. We will get more feedback from the market as we approach their first earnings in ~2 weeks.

General market is feeling the weakness of the semis, so it will be wise to be light on exposure and look for the next trade. Right now biotech seems to be quite promising as the cost of doing quality healthcare should go down with AI applications. XBI is an ETF to gain exposure. Whether or not an entry is warranted is dependent on the general market, so we shall see how the SPY and QQQ behaves next week.

The weekly report can be found here:
https://marketnarratives.ai/reports/latest.pdf

I’ve realized that the current marketnarratives is good at finding Q3/Q4, but it is a bit lacking Q1/Q2. While Q3/4 can already be immensely profitable for us to trade, I will also be attempting to help us better discover earlier themes; thus, the report might be a bit noisy these days as I work through that. As usual, I will help us highlight the important areas in the emails to de-noise.

Thanks!

Kobe