Mid August Gameplan

Time to press on credit related and broker shorts themes. NEW, CFC, TOL, FED, etc.

'Pound the table' on these shorts while the market continues its consolidating phase.

Begin to plan ahead for potential rate cuts in the upcoming winter.- An inverse behaviour of long/shorts in current state.

Two questions: Gold as shelter play and value bargains of US retail and technology names.

Soft landing economic expectations can be miscalculated. Truth yet to be realized while overall consensus has stuck to that story.

Overall, bearish view might have been triggered in thoughts of traders/mangers making it actionable.

Geopolitical tension can be an additional contributes to a slowdown in equities.

Finding Misplacing of overbought names is a difficult screen given correction since May. - Since amost groups have corrected

So shorting the weak is the right approach despite the beaten up levels and value trap is worth avoiding especially at this junction of the macro outlook.

Market timing is more critical than stock picking due to a cycle shift in markets. Rising oil prices, rate factors and weak economy. Housing and labor all contribute to grim periods ahead but markets think ahead so the timing of both has its disconnect. Elections can trigger a nationalistic moment of reflection which can lead to investor reactions.