Monday Market Open

Your daily dose of simple, pure, alpha...

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VHLA Media & Max Andrews
January 15, 2024

Its Monday…

Ladies and Gentleman, 

Welcome back, I am glad you are here. Happy MLK Day (why the US markets are closed by the way) and I hope that you are feeling ready for the week, equipped with data and insight.

In order for you to feel that much more “ready” - I took it upon myself to gather, refine, and deliver the capsule of info that is below. So before you choose truth, remind yourself - the choice is the gift.

Get after it…

“all you have to do, is open your inbox…”

Market Indices & Commodities

Gold$2,056.10+0.00%
Copper$3.74+0.00%
Silver$23.30+0.00%
NASDAQ$14,972.76+0.00%
S&P 500$4,783.83+0.00%
TSX$20,938.85-0.23%
CSE Comp$187.77+2.90%

News
Last week:

  • Inflation news - Consumer prices increase +0.3% in December, was meh for markets. Mainly driven by higher housing costs (rent, etc.).

  • Delta earnings - Delta doubled their Q4 profit (from last year) and pointed out strong demand for international and domestic flights. Yet, their stock falls 9% as they slightly trim their 2024 EPS numbers. Either, Delta is keeping their success quiet or the market is on some bs. (yes, that’s the only 2 options).

  • Bank earnings - JPMorgan, Bank of America, and Citi earnings were last Friday and if you looked at the headlines, they were ass. But, each of banks would have smoked their earnings if they didn’t have to pay “one time” FDIC fees because of the SVB crash.

    ^This is a good example of looking beyond the news headlines and doing your own research (if you are interested in the bank earnings, read this). #redpill content

News
This Week:

  • Tuesday - Morgan Stanley, Goldman Sachs, and PNC earnings.

  • Wednesday - Prologis and Charles Schwab earnings.

  • Red Sea conflict continues - Energy prices rising, conflict escalating. I have been saying for awhile that this isn’t being talked about on the level it should be. Big impact on supply chain.

Now You Know 
VIX at 4-year low

VIX Volatility Index 4-Year

The VIX (volatility index) is at a 4-year low. I am not exactly sure why this is the case, as there seems to be a lot of “volatility” in my eyes. I do know that this means one big thing - Options are cheaper.

So, if you are ready to take a speculative position or just hedge some current holdings - its cheaper now.

For those that are curious on why options are cheaper when the VIX is lower, we will cover that in our options series. If you have a PHD and are curious how the VIX is calculated, read this.

(not financial advice) “he told me to sell naked puts”

Thank you  
That’s all Folks

Hey, thanks for getting down to here. I hope you learned something new and have an excellent week. Keep an eye out for more red pill info coming to your inbox. Now go get after it…

The Romans didn’t lay in bed on a Monday morning…