Archive Category: 10X Stocks Archive

If you’re like most investors I know, you probably hold the following beliefs, even if subconsciously: Buying stocks is noble because it funds innovation, growth and prosperity, and… “Shorting” stocks is evil. I agree with #1 … but am here today to dispute the misconception in #2. Look, I get why “shorting” stocks appears less than noble. The optics of some high-powered Wall Street trader taking home billions in profits while grandma loses 50% of her 401(k)… It feels icky. But it’s not the whole story.

Ah man, this rally… What to make of it?! After a slogging, near-20% decline last year, the S&P 500 is up 9% so far in 2023. And of course, many individual stocks are up far more. A couple of weeks ago, I wrote about how the S&P 500 is at an important inflection point.

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Today, I want to update you on a few things: How our positions have performed so far in 2023 and since our entries; How I feel about the broader stock market at the moment; How the oil & gas sector looks.