Market Monday. On Tuesday Morning.

So… I was to continue on last week’s stuff. The Symphonie Fantastique. On its hodge-podge ideas, a little helter-skelter, picked up, ie invented, here and there over time but then warping and woven and weaving around a central musical thematic, a fixed idea, ‘a nail in the head’ an Italian could a bit ironically call it, an internal desire, a leitmotif darting and swaying and dancing within the symphony - once Hector got around to muscling it all into one piece. The work is not so much a depiction of unrequited love - though it’s usually described as such - as a searching and finding of love’s requitement, let’s call it.




It’s something already there mostly, something Berlioz more climbs into, personally and musically, than fall into - once the right motivations are activated. Though essential and inevitably influential regarding the form of love and feeling both within Berlioz and his articulation of that experience into music… she, the excuse for that leitmotif, an aesthetically stimulating Irish actress, almost isn’t necessary. The ‘nail’, the idee fixe, would have changed a little with a different person, a different expression but all the fantastique and drug-effected weaving would have been there in any case. It’s a meta-deal, something extending beyond any singular aspect. Anyway, it’s understandable - and not at all so infrequent with noted composers of music, male anyway - from Puccini to Beethovan to… Peter Gabriel. Something inside carried through changing context. The expression… depends on the moment, the culture.




You could reduce that into a succinct equation and apply it to many places, markets included. One tricky bit would be to define the ‘nail’ and let go of all the fantastic. The underlying theme. Which depends not a little on perspective. Time. For about half a century - that leitmotif had been increasing liquidity. Shove in your money into the market and sooner or later… you would have done relatively well. Now.. that’s likely gone. And it’s very hard to predict how this symphony will end, let alone hear what the next fixed idea or thing will be. Though that later… is already in the music somewhere.




Let’s let the more on Morselli, recursion and lottery tickets slide for now, get straight to Monday Money. On Tuesday morning.




As of Monday's close, the 19th of May: the s and p benchmark is up 7.9 percent vs the portfolios 10.6 over these six and a half weeks. Beta remains absurdly low. Done during the week… not much. Buying back a little gold after selling, selling the VXX position bought then shorting the same (in case: the VXX is a play on market volatility.) Some trimming and adding in positions but just a little.




Last week on holdings summary I stopped at Innodata and coherent, AI and lasers, on companies and IBIT, bitcoin, on the’ lottery ticket’ holdings. On the list today - a series of ETF (just in case, that is Exchange Traded Funds, mutual fund-sih devices traded as stocks. Not great things but… a way to lessen risk, a little, while adding exposure to specific sectors. With only 100K here and it being but a game, I’m not doing any retro analysis to set up a fund of funds though if you have enough… it would be a good idea.








DEM is an emerging market high yield fund, self explanatory. Dividend and, well… ‘emerging’ markets by now often aren’t any more - much of the West is in worse financial circumstances than other places. This is something of no-brainer though… still to be monitored. NLR is nuclear… though I could name it Not Loving to do so much Research. You can do better going after more specific things. It’s been trimmed after a very strong run but a buy order is in if-when the opportunity to buy more arrives. BKF, BRICS but without the juiciest piece, Russia (see earlier posts at the year in review and the year ahead) Again, a no-brainer. That’s close to the leitmotiv you can hear in the music. COPX is copper, ditto the no.brainer. EEMS - emerging market small cap.







On the lottery tickets: after bitcoin - a tiny ticket - mentioned last week: IMVT, Immunovant. Added a tiny bit more - all pipeline, akin to the fantastic and a less heard instrument in the music. Basically anti-inflammatory diseases, destined alas to rise a bit unnervingly, Graves, arthritis., eye disease and such.




The healthcare deal was to be tied to recursion and Morselli but… that’s enough for today. Maybe next week - when the holdings explanations, written, will be finished and the videos begun.And,as usual: disclaimer:   for now, I've none of these things - those who know me know the primary cause. He did actually steal literally every thing. Just suggestions these and no conflicts of interest. For now.)