Weekend Investor: The Week That Was

Your 5 minute market recap.

Author

Travis Hoium
October 08, 2023

I hope you had a wonderful week!

Earnings season starts this week, so the news is about to pick up again. I hope you’ve enjoyed a refrain before the talking heads (myself included) start giving their takes on the stock of the day.

Before we get to the week that was in investing, here’s something you may be interested in!👇

There’s no better way to follow along during earnings season than with Quartr. You can listen to conference calls live or catch up on your own time and earnings presentations are even a click away. Find out more here.

In case you missed it

Here’s some of the content I put out this week. Enjoy!

  • My October 2023 Buys: I added to 7 stocks this month, looking to dollar cost average down in a lot of positions.

  • $SPOT and $ONON Update: Earnings are still a few weeks away but both Spotify and On Holdings gave informative updates to investors.

  • Embracing Uncertainty: Wall Street tries to find certainty in spreadsheets. I think our biggest advantage is leaning into what we don’t know about the market.

  • 4 Top Stocks to Buy in October: There are starting to be some really cheap stocks out there.

It Was Jobs Week

On the first Friday of each month, the U.S. Department of Labor reports their estimate for jobs created during the trailing month. I want to reiterate that this is an estimate and there are revisions, but the initial report gets a lot of attention. And it came in much better than expected in September 2023, indicating that there were 336,000 jobs added to the U.S. economy.

The market reacted positively for a few reasons.

  1. Interest rates have been rising sharply and there’s a worry that will cause a recession, or “hard landing”.

    1. If higher rates cause businesses to slow spending, that would lead to fewer jobs and potentially wage pressure.

  2. What we’re actually seeing is lots of new jobs and a strong consumer.

  3. Investors wonder if this is an economy still in growth mode in spite of high interest rates.

We don’t know the future, but the fact that jobs are improving despite higher rates and rising costs seems like a good sign and that’s why stocks were up big on Friday.

Thank you for being an Asymmetric Investing subscriber. If you want all of my stock deep dives, stock updates, and access to Asymmetric Portfolio trades before I make them you can subscribe below. The premium subscription is what makes this newsletter possible so I appreciate the support.

Asymmetric Investing

Analyzing stocks with an asymmetric return potential of 10x (or more) over the next decade. Subscribe for access to the research and real-money portfolio.

asymmetric-investing.beehiiv.com/upgrade

How are we doing?

Feedback helps make Asymmetric Investing better.

Login or Subscribe to participate in polls.

Disclaimer: Asymmetric Investing provides analysis and research but DOES NOT provide individual financial advice. Travis Hoium may have a position in some of the stocks mentioned. All content is for informational purposes only. Asymmetric Investing is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any asset involves risk and could result in significant capital losses. Please, do your own research before acquiring stocks.

Reply

or to participate.