What Meet Kevin said in this video:
- Market Breadthpositive for stocksshort-termThe market is seeing the largest de-grossing and extreme shorting, with short leverage at the 99th percentile over five years; this extreme positioning sets up for an epic short-squeeze rally.Source
- InflationneutralThe host remarks that inflation is everywhere as the cost of financing rises.Source
- SPCXbullishSpaceX received an investment-grade credit rating from all three major agencies and also has a rocket and Starlink business, putting it in a winning position versus the rival without an investment-grade rating.Source
- Otherpositive for stocksxAI, along with SpaceX, is seen as having gotten a win, putting it at an advantage versus the lab that did not receive an investment-grade rating.Source
- Bonds & RatesneutralA junk rating will cause a loss of buyers, make financing harder, and rates are going to be higher, which is the core of this week's pain trade.Source
- INTCneutralIntel's problem is idiosyncratic: its core business is shrinking because PCs are more expensive, and a bomb cost about $300 million of forecast revenue and production, making it hard to perform in a chip shortage.Source
- AMZNbullishshort-termThe host opened a bullish options position on Amazon this morning and disclosed exposure, believing its historic volatility offered an opportunity to make money, and the stock popped nicely at the open.Source
- SPYbullishshort-termBased on data such as extreme de-grossing and shorting, the host is now 9 out of 10 bullish and thinks the selloff is a buying opportunity, with stocks about to skyrocket.Source