Our macro read was on point
10/25/23 Prospero.Ai Investing (69th) Edition (Mid-Week)
Quickly at the top, we exited positions in NSA (10/23) and BPMC (today) and sent these by chat to our paid subscribers.
Hope everyone is keeping safe in this dangerous earnings season!
We are currently beating the S&P 500 by 81% on our 2023 picks, with a 66% win-rate per pick against their S&P 500 benchmarks.
If you are wondering about the value of our content look no further than an excerpt from our paid section 10/19:
In summary, if there is this much certainty that the market would not handle a hike right now; AND conviction is mounting of rate hikes persisting into 2023, its hard to not have a Bearish Macro outlook. (But as we’ve consistently stated, Big Tech / AI could very well weather that storm)
With META and MSFT as a few bright spots in a terrible week of earnings the above proved to be fairly on the nose! Not to mention we guided towards are largest suggested market hedge (for risk management on a long only portfolio) this past Sunday which looks smart today for sure.
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