Exausting week

Prospero.Ai Trading Letter 8/2/24

This was one for the books and we have a pretty simple way we want to close out the week…

Some things we have been expecting came to light. We have expected good chips results, we think that will continue. As well as uneasiness around the election and we think that will continue.

So we will lean into the trade we’ve been making. Long chips in case there are positve news events and short everything else. We are seeing perhaps the rotation get overplayed and the same thing we’ve seen earlier in the year. That chips / AI look like the best thing beacuse they are the only businesses that will surprise in a good way on earnings consistently. Sorry INTC we do not consider you a legit chips company lol. You apparently need government support to even hope to compete and even then need to cut your workforce while your competitors are booming.