The mass media endlessly reminded people in October that November was historically one of the BEST months for equities, and that seasonality should be respected.
The thing is, September is supposed to be the WORST month, yet equities soared. I don’t think seasonality means a thing in this tent of carnival funhouse mirrors we live in. Indeed, looking at the monthly performance of some big ETFs, I’d say this November nonsense was just a silly assertion.
I ended the month with two terrific long positions (RIVN and PALL) and thirty short positions. I’m looking forward to a fun December to close out this year with you!
