2024 Trades

An Optimistic Front-Running Market

The huge rally in the past two months leading up to 2024 has significantly influenced what the year will unfold for investors, as it has resulted in numerous pivotal assumptions to be priced into the market for 2024. These assumptions include meaningfully lower inflation, three to six rate cuts, a slowly uninverting yield curve with a lower 10yr treasury yield, and a soft landing with moderate GDP growth and no severe impact on the labor market. With the market essentially pricing in perfection it poses significant risks if these assumptions fail to materialize, but conversely, it holds substantial upside potential if they prove accurate. Nonetheless, it's also noteworthy to mention that even if these assumptions are all met, the overall stock market may not experience a rally similar to that seen in 2023. This is because these scenarios have already been factored into the market, resulting in its current high valuation. Consequently, 2024 will provide the most opportunity for undervalued areas in the market that have not experienced a significant increase in their multiples in 2023. This includes small to mid-cap growth stocks, which are well-positioned for huge upside, especially if interest rates begin to decline.

All Trades Executed During The Course of 2024

Tesla (March 22, 2024)

Apple (April 8, 2024)

Affirm Holdings (April 11, 2024)

Marathon Digital Holdings (April 12, 2024)

Zscaler (April 17, 2024)

Rivian Automotive (April 24, 2024)

Warner Bros. Discovery (May 1, 2024)

Adobe (May 2, 2024)

Palantir (May 10, 2024)

Coinbase (May 17, 2024)

Block (May 29, 2024)

Super Micro Computer (June 7, 2024)

2024 Performance

Tesla: 11% (Closed)

Apple: 9% (Closed)

Affirm Holdings: 8% (Closed)

Marathon Digital Holdings: 21% (Closed)

Zscaler: 8% (Closed)

Rivian Automotive: 13% (Closed)

Warner Bros. Discovery: 10% (Closed)

Adobe: -3% (On going)

Palantir: 11% (Closed)

Coinbase: 15% (Closed)

Block: -5% (Closed)

Super Micro Computer: 13% (On going)