What I am Buying on The Dip
393: Widespread panic as markets dump
Against my better judgement I am going to fire out a quick post on this bloody Friday afternoon, the updates coming out of the market are simply too important to ignore. Most of the time people check out on Fridays but I have a feeling most are glued to market action and incoming updates. The US stock market has now lost over $9 trillion in value since Trump's inauguration (SpectatorIndex).
Emotions are running wild across social media and people are beginning to panic. After a day of pressers and comments from Jerome Powell of the Fed, people are anticipating more uncertainty in the coming weeks.
The Kobeissi Letter pointed out that CNBC sent their first all-caps push notification since March 2020 (the height of Covid panic) re: an update on the Dow Jones.
Let’s get right into it — Day 2 of Tariff Chaos and major indices have gotten clobbered pretty good:
S&P 500: The SPDR S&P 500 ETF Trust (SPY) is trading at $509.22, down 5.12%
Nasdaq: down 5.33%.
Dow Jones: down 4.64%.
NVDA is down 6.5%
TSLA is down 9%
JPM is down 7%
QQQ is down 4.1%
META is down 3.9%
Silver is down 6%
Gold is down 2.5%
Regardless of the chaos retail is buying this dip ferociously while institutions are panicking.
Hedge funds sold global equities in the largest 1-day amount since 2010 on Thursday, according to Goldman Sachs. Meanwhile, retail investors bought $4.7 billion in stocks on yesterday, the largest level over the past decade, per JPMorgan (Unusual Whales).
While you never want to rush into anything — I am starting to eye some buys on assets as people cough them up on the cheap. Times like these are rampant with opportunity if you can keep your head about you.
In my mind there are 4 major items you should be focused on:
The rate at which countries are caving/coming to the deal table with the US (Cambodia, and Vietnam have caved already)
The impressive resilience of BTC and crypto despite legacy market sell offs (this is major)
The discounts available in tech and other sectors right now (while there is certainly room for more dumping, I’m comfortable adding some at these levels)
The clear beef between Jerome Powell and Trump over Fed Policy moving forward
I’m getting DMs on Instagram and X re: what I am buying or if I am buying — the answer is yes I am buying, slowly.
As far as equities go — my viewpoint is very long term, I don’t really care what they do in the short term, I only want to add them on the days when people are shitting their pants and today is one of those days.
But the bottom line? Opportunities are starting to present themselves despite how long you think this drags on for and we’re already seeing some major players take advantage of the chaos.
We’ll keep it concise today but we’re going to cover 7 stocks I bought in the last 48 hours, some incredibly bullish crypto indicators and data points, and the latest on what the Fed may do in the coming months. If you can remain calm while others are losing their minds in this market, you’re going to print fucking money.
The sick part of me loves the panic and chaos — because I know it’s the beginning of an opportunity to go against the herd and come out wealthier on the other side.
"A crisis is comprised of danger and opportunity, those who sense change in the early stages will tend to have the most bountiful harvest."
—Bennett Goodspeed