Results: more of the same
A shorter trading week due to Thanksgiving on Thursday
Quick summary:
New survey, for Q4 competition, is up & running - click here.
Another range-bound week for us (after the post-CPI gap up on Tuesday) with a very small loss to the ORCA portfolio. The macro part helped.
Thanksgiving is this week in the US, so the market is closed on Thursday. However, there will be some excitement as NVDA is still left to report earnings on Tuesday (after close).
We gave an update of the macro portfolio on Saturday for our paid subscribers. We’re sticking to our medium term outlook for now. The macro playbook is still on.
The Q4 competition is its eight week, make sure you jump into the survey. Prizes are as last quarter, $5,000 distributed across the top 20 participants.
NOTE: For all those new to the whole thing, here is a video of Scott and myself guiding you through the survey, showing you all its features, and briefly explaining how the competition works.
Last week’s performance
It was a week very similar to the one before - boring but with one exception. A better than expected CPI report that came out on Tuesday sent the markets rallying immediately. But then, for the next three days, S&P bounced around 4,500, with no clear move in either direction. Typically after such periods of days-long consolidations around a major equilibrium zone we get a sharp move. Up or down? You tell us!
Three days of virtually zero price movements meant that our option strategy loses most of its premium, and we have to settle for a small loss of around 0.4%.
Note that Thanksgiving falls on Thursday, so markets will be closed that day and will only be open for half a day on Friday. It is safe to say that the majority of price movements this week will happen on Wednesday, pricing in NVDA earnings. Don’t miss it.
…join the $20,000 competition!
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DISCLAIMER: Neither the survey nor any of the contents of this website can act as investment advice of any kind. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum Capital, LLC (Henceforth ORCA) is a management company responsible for running the ORCA BASON Fund, LP, and for organizing a survey competition each week, where it invites the subscribers to its newsletter (this website) to participate in an ongoing prediction competition. The information presented on this website and through the survey competition should under no circumstances be used to solicit any investment advice, nor is it allowed to be of commercial use to any of its readers. The survey and this website contain no information that a user may use as financial or investment advice. All rights reserved. Oraclum Capital LLC.
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