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Pristine Market Analysis & Watchlist 1.16.24

📈 Correlations Matter

Andrew O'Connell, CFA, FRM's avatar
Andrew O'Connell, CFA, FRM
Jan 17, 2024
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  • Cannabis stocks rise on rescheduling news

  • Correlations Paint a Nasty Picture

Team,

The ability to play strong offense and rip returns when the indices are advancing is a a key ingredient of superperformance. But the ability to not lose your shirt when the market is chopping sideways and/or selling off is an even more crucial skill.

Defense wins championships! 🛡️

-Andrew


Market Update

News/Economic Data

Retail sales data incoming tomorrow. A hotter-than-expected print would be the worst-case-scenario, given that bond yields are once again rising!

YTD Performance

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