What Moneyvest said in this video:
- SPCXbullishlong-termSpaceX reported a blowout quarter with its first-ever profit, driven by Starlink connectivity and AI connectivity growth; a potential merger with Tesla would create one of the world's most valuable companies. The host is bullish and has been accumulating for the long term.Source
- Otherpositive for stockslong-termSPCH is a 2x leveraged ETF on SpaceX. The host is explicitly bullish, has been buying under $9, and plans to keep accumulating for the medium-to-long term.Source
- Oil & EnergyneutralCrude oil is just under $99 a barrel and up over 9.5% in October; the host believes this will cause some downward pressure on stocks at some point via inflation, but he gives no direction on oil itself.Source
- Inflationpositive for stocksWith oil up and prior CPI and PPI reports coming in hotter than expected, the host believes inflation is headed higher and will in turn dictate where interest rates go.Source
- Fed Policypositive for stocksmid-termThe host thinks the October 28 meeting is priced for a pause, but the December meeting will be critical; with a long gap and a lot of economic data, the Fed is most likely in his opinion to raise rates because they penciled in another hike this year.Source
- TSLAbullishlong-termThe host is already invested in Tesla and plans to keep buying and accumulating to make it a bigger long-term position; Tesla reports earnings soon and a merger with SpaceX is a potential catalyst. Technically, support is at 350 and resistance at 386 to 387.Source
- Market Breadthpositive for stocksMarket breadth is improving: 71% of stocks are above their 20-day moving average and the percentages above the 50-day and 200-day are also jumping, so more stocks are participating on the way higher.Source