How to Become a Millionaire (1/8/2024)
Timeline:
0:00 - Introduction, California fires discussion
1:10 - Treasury auction
4:00 - Natural gas futures analysis, discussion of cold weather impact
7:00 - California fires continued coverage
8:10 - Oil market analysis and trading discussion
20:50 - $700 month portfolio performance review
26:30 - Ford stock analysis
30:10 - Hewlett Packard position review
31:50 - Levi stock discussion
33:10 - NVIDIA (NVDA)
34:30 - Paramount acquisition analysis
41:35 - SQQ hedge discussion
43:50 - AT&T
44:30 - TROX
46:10 - Walgreens position discussion
51:30 - Blackstone mortgage trust review
55:00 - SoFi
58:20 - Vale analysis
1:14:25 - Fed minutes analysis
1:27:45 - Natural gas trading strategy discussion
1:35:10 - Webinar concludes
Summary:
The session begins with an overview of current market conditions, focusing on two major weather-related impacts: severe cold weather affecting natural gas prices and California fires.
The main segment provides a detailed portfolio review covering various positions including:
- Value plays like Ford and Walgreens
- Tech positions in HP and SoFi
- A significant position in Vale that's currently underperforming
- A protective SQQ hedge position
Phil also analyzes the Federal Reserve minutes and notes concerns about the Fed losing control of the bond market, as yields remain high despite easing policies.
Phil ends by suggesting a natural gas trading strategy, demonstrating how to structure a potential options trade with favorable risk/reward characteristics.
*****
Phil’s Weekly Trading Webinars provide an excellent opportunity to see what we do at PSW. Come join us next time as a Trend Watcher and subscribe! You’ll catch our weekly webinars iive!
Watch Phil’s past weekly webinars on our YouTube channel here >
