Each morning, I eat the identical factor.
6 ounces of hen breast, 1-2 cups of rice, olive oil, and sauerkraut. It hits my macros, is simple to prep, and I can shovel it down in entrance of my screens with out an excessive amount of of a multitude.
I’m a giant fan of meals bowls. Plates are for schmucks.
But in the event you’re an organization that sells costly meals bowls, it’s been a foul run.
CAVA simply reported earnings and the inventory completed down 16% on the day. It is a few weeks after Chipotle (CMG) received killed on earnings, and SweetGreen (SG) absolutely round-tripped its 2024 rally.
It’s robust being within the bougie bowl enterprise. I’m maintaining SG on my watchlist for some type of a reversal, as a result of I feel it has the potential to change into the primary robotics-driven restaurant with a latest acquisition that they had. However for now, I’ll hold consuming at dwelling.
Who to Shoot First
I do know it’s tempting. You have a look at the Nasdaq, the rally it’s had, the dearth of a reset, and also you assume it’s time to try to nail the highest.
It’s a troublesome commerce! There’s a cliché within the markets that the generals get shot final. And if over 60% of the weighting on this index is the Mag7 generals, then it could be the final supply of liquidity to get taken out.
As an alternative of making an attempt to shoot the generals, why not shoot the captains?
There are names which have almost certainly topped out for this cycle, and their value motion is wanting extra like trapped consumers making an attempt to drive their means out.
Roblox (RBLX) is an efficient instance:
The inventory was at $50 again in April, and it’s buying and selling within the 120s now. It simply had earnings however couldn’t maintain again above 135. The longer it holds
The Different Capital Rotation
We’re seeing the rotation into smallcap equities, however what about crypto?
Bitcoin is clearly having a second, however Bitcoin Dominance is beginning to wane:
Ethereum is at present the recent play as ETHA and treasury performs like BMNR are inflicting a capital flywheel.
But I anticipate capital rotations to play out like different cycles, the place alt tokens begin to markup.
I like XRP on the three.40 retake:
I’m additionally another setups lining up on our market roadmap – check out this stay coaching replay to see how we’ve adopted it to some large movers and particulars of a few of my favourite alternatives proper now.
