I warned about Bubble Stocks many times during the Denial Phase of the Bust.2022 was all about valuations coming back to earth.The magnitude of the decline in many growth stocks gives the illusion they are cheap, but not so fast.If you ignore the Covid bubble valuations, many growth stocks are not cheap.Many are actually at ATH valuations, above PEAK pre-Covid multiples.The structure of the Covid Bubble and Bust has closely resembled many historical bubbles, including the early 90s Japanese Nikkei Bubble.https://twitter.com/Marlin_Capital/status/1609231495582851072?cxt=HHwWgICx-ZzhkdUsAAAA

1 of the craziest stats in the market right now 👇 $Apple(AAPL)$ announced a $110B stock buyback program in Q1. If you strip out the Mag 7 from the $S&P 500(.SPX)$ , the average market cap for the S&P 493 is just $65B. AAPL buyback program is 169% larger than the average S&P 493 company.ImageWhen the $S&P 500(.SPX)$ trades higher over the first 100 days of a Presidential election year, the rest of the year is up 93% of the time for an average return of 10.1% ($5800).Imagehttps://x.com/Marlin_Capital/status/1795439679652917329

We are now 2 years into the current Bull Market that began in October 2022. The average duration of the last 11 Bull Markets has been ~5 years, with 8/11 (73%) making it to the end of the year 3. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2412(ESmain)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $iShares Russell 2000 ETF(IWM)$ $.DJI(.DJI)$ $GLOBAL

The FAAMG Bubble has plenty more room to deflate after a decade + of outperformance.What Are FAAMG Stocks?FAAMG is an abbreviation coined by Goldman Sachs for five top-performing tech stocks in the market, namely, Meta$Meta Platforms(Facebook), Inc.(META)$ $Amazon.com(AMZN)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$. FAAMG may also go by the acronym,GAFAM.FAAMG originated from the original acronym FANG, which was coined by CNBC’sJim Cramer. FANG did not include Apple and Microsoft but did include

The current $S&P 500(.SPX)$ selloff is due to a massive positioning unwind.We have gone from ATH long positioning to just above neutral in a month’s time. Crowded longs are getting unwound especially hard. $Palantir Technologies Inc.(PLTR)$ $Hims & Hers Health Inc.(HIMS)$ $Strategy(MSTR)$ $NVIDIA(NVDA)$ ImageWe closed out our Small Cap 6 Portfolio last week, locking in +99% gains overall in just over 7 months. $E-mini Russell 2000 - main 2503(RTYmain)$ flashed sell signals for me, breaking down key weekly and daily support

1.The Fed is looking for months of compelling evidence that inflation is deteriorating. So far, there is none.- Core CPI re-accelerated MoM in Aug - Sticky CPI components printed new highs - Wage growth near peak levels - Food/shelter inflation at peak levels$Invesco QQQ Trust(QQQ)$ 2.Housing market stress tends to lag the movements of 30 YR mortgage rates. With 30 YR mortgage rates hitting their highest levels since 2008, the housing bubble bust is just beginning. $SPDR S&P 500 ETF Trust(SPY)$ https://twitter.com/Marlin_Capital/status/1572723326346465281