For those that watch the averages and not the stocks this correction has caught them off guard. We were just at new highs. I can remember Van saying that last week. But when did the momentum leave us? The sudden unwind in the momentum strategy, which focuses on buying recent winners and selling short those that are lagging behind, first came amid a rally in the basket’s stocks meant to be shorted. But its declines this week were powered more by losses in the long leg of the basket “as themes such as AI feel the pain of this rotation,” Goldman’s traders wrote. The basket fell 13% from Aug. 6 through Aug. 19 after trading near an all-time high. History has shown a rally after such huge losses... Goldman SachsSource: Goldman Sachs When the long-short momentum basket dropped 10% or more over a five-day span in the past, it proceeded to rise in the following week 80% of the time, the traders wrote in a note to clients on Tuesday. The median return was 4.5% in the next week and more than 11% in the next month. So we should keep these figures in mind. A) If we don't get a 4% move next week we may be in serious trouble. B) If we do get a 11% Sept... I will happily sell my NBIS.
YOUR CORRECTION STARTED Aug 6 & I told You this Aug 4th. GBA: No 1 market Timing 4 years in a row. Confirmed! #myTAbetterthanyourTA
All eyes on GBA 6,100 level.<----------- The Nasdaq 100 Index is trading at 27 times expected 12-month profits, almost a third above its long-term average.
This isn’t the only stumble for Goldman’s High-Beta Momentum basket this year: This is its fourth retreat of more than 10% in 2025.<------ #jackbenimble #GBArightallfourtimes!
Canva IPO? Seems alot like FIG.> Canva’s $42 billion valuation hints at growing IPO readiness Australia-based Canva just launched a new employee share sale, which effectively takes its valuation to a massive $42 billion, up from $32 billion in 2024 (a sharp 30% bump). Additional signals stack up, too, with the software design giant hiring ex-Zoom CFO Kelly Steckelberg, who’s a seasoned public-market operator. Also, its co-founders have maintained that an IPO will come “at the right time.” Canva at a glance Canva is an incredibly popular browser-based design platform built for non-designers and professionals alike. Canva’s popular, easy drag-and-drop tools handle everything from Instagram posts to pitch decks. And now, with a shot of AI with tools like Magic Design and Magic Edit, it has become a must-have for teams, startups, and solo creators alike. It currently boasts 40 million monthly active users (220 million monthly visitors) with $3.3 billion in annualized sales, along with a deep penetration across global enterprise clients.
I gave these ideas out the day the correction started. How are they all up? ORA - $92 +$5 FLUT- $297 + $10 EA $171 +$6 Quality Children.... Quality.