Rebalancing Act

Dec 18, 2020 | Daily Note

  • The big historic rebalance is today and it's going to be wild
  • Tesla is being added as you all know
  • Only 14 S&P stocks will need to be bought in the rebalancing while 485 will need to be sold all to make room for Tesla
  • Bitcoin has support at 22,000 and if that breaks expect the elevator to go down
  • Adding a Tesla put spread (high risk and probably dumb)
  • And a spicy Russell 2000 ETF short