Your Wish, My Command. It was slightly over a year ago that I had a post on Michael Burry’s portfolio. 01 Jan 2024 to be precise. (click here ! to read) One of my readers had subsequently left a comment asking if there was any update/s to Burry’s portfolio. There wasn’t back then. However, there is now ! Whoever has asked, consider the request fulfilled. Let’s Take A Look. Michael Burry, the famed investor depicted in ‘Big Short,’ has long been known for his bold stock picks. His 2024 portfolio was no exception, featuring a mix of Chinese technology giants, healthcare firms, and growth stocks. Indeed, his portfolio had diverse returns over the pa

A day after both stocks and bonds got a huge “boost” from cooling core inflation data, it was a quieter session in markets, the day after. Declines in technology stocks dragged on major indexes Thursday, and Treasury yields dropped for the 3rd straight session. Despite gains in 8 of 11 sectors, US market still closed broadly lower at 4pm: (see above) DJIA: -0.16% (-68.42 TO 43,153.13). S&P 500: -0.21% (-12.57 TO 5,937.34). Nasdaq: -0.89% (-172.94 to 19,338.29). A quick glance at the Mag 7 reaffirms these bigwigs’ fall on Thursday. $Apple(AAPL)$ : -4.04% (-$9.61 to $228.26). $Tesla Motors(TSLA)$ : -3.36% (-$14.40 to $413.82). $NVIDIA(NVDA)$ : -1.92% (-$2.62 to $133.62).

December Inflation. The December 2024 US Consumer Price Index (CPI) and Core CPI data were finally out. Below is a quick recap. Headline Inflation. MoM: came in at 0.4% vs analysts’ forecast of 0.4% vs November’s data of 0.3%. YoY: came in at 2.9% vs analysts’ forecast of 2.9% vs November’s data of 2.7%. Both headline inflation numbers increased by +0.1% and +0.2% respectively. Core Inflation. MoM: was 0.2% vs analysts’ forecast of 0.3% vs November’s data of 0.3%. YoY: was 3.2% vs analysts’ forecast of 3.3% vs November’s data of 3.3%. Conversely, both core inflation numbers decreased by the same -0.1% quantum respectively. Above is how the consumer price indexes have evolved over the past 4 years. It is still quite far off from the 2% Fed’s target. US Market - 15 Jan 2024. Stocks surged We

US Producer inflation (reported by the Labor Department) rose less than expected in December 2024, as higher costs for goods were partially offset by stable services prices. According to the report, a surge in energy costs was the culprit behind the monthly increase. Wholesale energy prices rose +3.5% for the month (fueled by a 9.7% jump in gas prices) driving goods prices and overall index higher. The latest data, shows that US inflation remained on a see-saw trend with progress stalled in recent months. The moderation reported in producer prices on Tue, 14 Jan 2025, did not change overall consensus, that the Fed is unlikely to cut interest rates before H2 2025, based on: Resilient labour market (as confirmed by Fri, 10 Jan 2025 - US non-farm payroll report on ). High threat of potentiall

Investors move markets based on what they expect to happen in the future. If an investor has read a lot about (a) the incoming Trump administration, (b) the state of artificial intelligence (AI) or (c) how tariffs have affected the economy in the past, he might feel like he could predict what will happen in the next 4 years. According to Carson Group, Chief market strategist, Ryan Detrick: If an investor plans on calibrating his / her portfolio according to assumptions, the investor could be falling into a classic investor trap. Reality is, it is both challenging & difficult to draw a straight line from an incoming government’s policy proposals to certain types of companies that will benefit. Recall when President Biden took office, everyone thought he was going be great for green ener

On Mon, 13 Jan 2025, US stocks continued to perform poorly, even though most media termed it as “mixed”. Tech stocks continued to tumble, dragging Nasdaq (the tech index) along with it. While, Treasury yields continued to move higher, with the benchmark 10-year note yield touching a 14-month high of 4.805% and last up 1.6 basis points to 4.79%, amid doubts about the Fed's next move on interest rates. By the time market closed for the day: (see above) DJIA: +0.86% (+358.67 to )4,2297.12. S&P 500: +0.16% (+9.18 to 5,836.22). Bounced off a 2-month low and eked out a slight gain. Nasdaq: -0.38% (-73.53 to 19,088.10). Sectors’ Performances: Overall there were 2 decliner sectors, namely Technology (XLK) and Utilities (XLU). (see above) Remaining 9 sectors were “green” where the 3 best sector

Post election, strong optimism for the US economy and stock market in 2025 was abruptly replaced with simmering dread, following the last FOMC meeting in Dec 18-19, 2024. Specifically, news on inflation projection for 2025, was raised from 2.1% to 2.5%; raising concerns about the actual state of the economy as well as about the actual fruits of regulatory efforts. Furthermore, there has been no shortage of worrying data both before and after the press conference. The latest possible danger to come to public attention is the state of American banks and (state of) their investments. $329 billion losses - Insolvency Risk ? Recently, the Federal Deposit Insurance Corporation (FDIC) shows that the finance sector is facing $329 billion in unrealized losses, making the situation precarious for so

On Fri, 10 Jan 2025, US stocks took a big tumble after a much hotter-than-expected jobs report sent treasury yields spiking. It also signaled that the Fed will very likely, halt its rate-cutting campaign in the near term. The US economy added many more jobs than anticipated in December 2024, raising concerns over whether the Fed will lower rates as much as investors hope. US non farm payroll for December 2024 Non-Farm Payroll. US payroll grew by 256,000 jobs vs economists’ expectations of 155,000 jobs (polled by Dow Jones) vs November’s downwards revised 212,000 jobs. (see above) The non-farm payroll number is amongst the most scrutinized economic data in markets, because they help shape expectations for monetary policy. Unemployment Rate. US unemployment rate has been hovering between the