Daily Newsletter 11/6/25
Near-term macro risks remain subdued, aside from the ongoing government shutdown, which continues to weigh on economic momentum. The recent U.S. elections have injected some added uncertainty, as investors assess the potential policy shifts that may follow the results. While major upside seems limited in the current environment, the focus has shifted to several headline events—including the Supreme Court case on President Donald Trump’s tariffs.
On Wednesday, Supreme Court justices sharply questioned President Trump’s use of sweeping tariffs, a case with far-reaching implications for both presidential authority and the global economy. Several conservative justices appeared skeptical about the administration’s justification for the import duties, which were presented as essential to restoring America’s manufacturing base and correcting trade imbalances. The outcome could either undermine or reinforce a central pillar of Trump’s economic agenda.
Amid these developments, notable corrections have occurred in some previously overvalued “bubbly” stocks, though current valuations still do not present clear buying opportunities. Adding to the market intrigue, the recent remarks from NVDIA CEO Jensen Huang about China gaining the upper hand in artificial intelligence have stirred debate and affected tech sector sentiment. Additionally, unusual Federal Reserve repo activity last Friday has raised eyebrows about short-term funding pressures.
Through all this, gold and commodity prices have shown resilience, finding support from heightened geopolitical and policy risks as well as persistent demand. Oil, however, remains volatile, reflecting both the uncertain policy backdrop and ongoing shifts in global supply and demand fundamentals. Overall, with macro risks subdued but not absent, and following meaningful corrections in certain market segments, disciplined monitoring will be crucial as this period of transition continues.
OUR TRADES
We share our short-term trades within the Tactical Portfolio exclusively with our paid subscribers, providing complete transparency. This includes detailed information on our entry timing and pricing. Exits are communicated promptly through chat to ensure timely updates. Our strategies often incorporate complex option structures to capitalize on short-term market movements, reflecting a sophisticated approach to tactical trading.
TACTICAL PORTFOLIO
Options:
UVIX
28 NOV 25 8 Long Call Premium: $2.09 Delta: 0.73 10/29/25 10:33am
Futures:
None
Long positions:
ARGENTINA
We are closely monitoring Argentinian stocks for potential re-entry opportunities. The names under review include Global X MSCI Argentina ETF (ARGT), Banco BBVA Argentina S.A. (BBAR), Banco Macro S.A. (BMA), Grupo Financiero Galicia S.A. (GGAL), and YPF Sociedad Anónima (YPF). We have not yet opened a new position and are patiently waiting for favorable entry points. As always, we will provide live updates on entry and exit levels for each trade. Recently, we captured gains from election-related market moves in Argentina and additional profits through an options position in BBAR. Overall, our Argentinian strategy continues to deliver strong results.