Huge Market Move Starts in 2 Days‼️
Summary
Jeremy provides a comprehensive review of his portfolio and the broader market climate, emphasizing that the Nasdaq has been in a pattern of lower highs and lower lows since October. He warns that the market is currently driven by headlines and 'words' regarding Middle East negotiations, specifically concerning the Strait of Hormuz. Jeremy argues that without a concrete resolution within 24 to 48 hours, the market is likely to sell off aggressively to new lows. He also highlights concerns regarding high capital expenditures in big tech (Amazon and Meta), recession fears, and travel industry struggles.
Jeremy's main investment thesis is that attempting to call a market bottom is a losing game. Instead, he advocates for maintaining a cash balance and investing more aggressively as the VIX spikes and prices drop. He reacts to various CNBC analysts, expressing concern that some have already exhausted their cash reserves, which historically can signal further downside. He remains focused on 'arbitrage' opportunities in individual stocks that have been unfairly beaten down by macro fears.
Key Stock Mentions:
Mentioned Stocks
Reasoning: Jeremy calls Nike a 'steal deal and a half' at $52. While he acknowledges it could go lower in the short term, he believes it will be much higher in the next several years.
Reasoning: Jeremy believes the sell-off due to Costco launching a competing energy drink is ridiculous. He does not think consumers will abandon Celsius for a Costco knockoff.
Reasoning: Jeremy predicts AMD will 'fly' once the Middle East tensions calm down, suggesting it will be one of the most aggressive movers in the spring and summer.
Reasoning: He loves the stock at $17 and states that anything under $20 is attractive for long-term investors with a vision for the company.
Reasoning: He considers Estee Lauder a 'steal deal' under $80 and recommends buying every share in sight under $100 for a 5-10 year horizon.
Reasoning: Jeremy expects Palantir to remain range-bound between $125 and $200 for a long time. He sold most of his shares last year and only holds 1,000 shares now.
Reasoning: Jeremy is very confident in Honest, stating the numbers are headed in the right direction. He predicts the stock will exit the year at $5 or more regardless of market conditions.
Reasoning: Jeremy explicitly states 'I need to get out of this baby.' He was prepared to sell his entire position if the market had been down on the day of recording.