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O ur playbook for Trump win consistently been:

• small caps IWM-2.63%
• financials and industrials KRE-3.76%  XLF-2.54%  XLI-1.14%
• bitcoin BTC SMLR0.56%  MSTR-0.41%

Today’s open validates these views. Stick with them. Add if you have not added exposure.

Today's PPI was "hot" and yet stocks are not really selling off

• this is a sign stocks have more upside near-term
• as highlighted multiple times this week, we are watching margin debt
• still too low and until it is higher, we think stocks have upside

The near term top will be a moment when we get "good news but stocks fail to rally." That is not today. In fact, today is the opposite. Bad news and stocks are holding in there. Stick with --> IWM-2.63%  XLF-2.54%  XLI-1.14%  XLK-2.35%  QQQ-1.74%  and Bitcoin BTC and miners

The choppy equity performance of first two weeks Jan tells us we are in a “difficult” period and probably like this most of first half

• but as we noted in our latest note and video
• we see new highs in Jan because this is what happens when we get within 1% of all time highs
• but new highs doesn’t mean “easy sailing”

So be wary. For the full year, our top ideas:

• small capsIWM-2.63%
• financialsXLF-2.54% KRE-3.76%
• industrialsXLI-1.14%
• technologyXLK-2.35% QQQ-1.74% HACK-1.40% PANW-0.47%
• even miners/bitcoinBITB0.58% MARA-3.49% RIOT-1.87%

The macro outlook is clouded by escalating tensions in Israel-Gaza and this is pushing investors to risk off. And the terrible auction yesterday pushed yields higher. Consensus is scared and bearish at a time when technicals are turning positive. Best to countertrade that fearSPY-1.59% QQQ-1.74% XLI-1.14%