market_pulse — Zurich pre-US-cash open: equity/index/^VIX marks are Monday 2026-08-17 settles; GC=F/CL=F/BTC already show Tuesday 2026-08-18 prints. ^TNX Monday close null from aggregator — published Monday open 4.694 (Friday settle was 4.696).
yesterday_retrospective — Several EU index history rows incomplete through Monday; Stoxx/DAX/CAC/FTSE Monday moves taken from Reuters/MarketScreener closes (Stoxx 600 656.41 −0.22%).
eu_equity_ideas — eu_fundamentals_gap: /fundamentals for TTE.PA thin; idea published on price + web oil catalyst. Stooq live /price blocked for many EU tickers — used EODHD close 75.93 for TTE.PA.
penny_plays — No buy-tier (≥6/10) cleared anti-late-mover + freshness bar: CAPR PDUFA Aug 22 but already >$5 after +77% two-session rip; INO watchlist-only after prior spike. Honest zero buy-tier day.
commodities_outlook — CL=F Tuesday early print $85.18 vs Monday WTI settle ~$84.50–85.0 web quotes — within 2%; USO Monday close $130.29 used for ETF proxy.
crypto_landscape — ETF flow figures are week-of-Aug-10–14 prints ($390M BTC outflow); no same-day Monday flow table in aggregator — held on that institutional signal.
risk_cover_playbook — SPY history missing Monday row; S&P drawdown computed from ^GSPC Fri high 7785.76 → Mon 7745.06. TLT history sparse into Monday for stock-bond corr (used available overlapping sessions).
portfolio_reality_check — INTC /positions avg_price still ~$439 vs fill economics ~$86–100 (known PM bug); holdings show API fields verbatim. EURO/Commodities/Crypto/Penny books largely price_estimated. GOSS SELL still PENDING from Aug 17 — not re-queued.
forex_rebalancing — Squawk-alert endpoint not used (optional); Manifold Sep cut odds ~2.9% used for Fed pricing gap.
GeneralThe Bottom Line 1 minHormuz risk is back in the driver’s seat — WTI above $85 and Brent near $91 after the US–Iran ceasefire window closed, with Reddit’s S&P inclusion and Home Depot’s comps print as today’s eq…
THE BOTTOM LINE
RISK-ON=
Hormuz risk is back in the driver’s seat — WTI above $85 and Brent near $91 after the US–Iran ceasefire window closed, with Reddit’s S&P inclusion and Home Depot’s comps print as today’s equity binaries.
Today's Top Picks
USO
8.5/10
RDDT
7.5/10
XOM
7.5/10
TTE.PA
7.5/10
GLD
7.5/10
Biggest Risk
Iran/Hormuz oil premium persists (WTI >$85)
Probability: High • Impact: High
Portfolio Snapshot
All Portfolios, Combined: $302335.42
Blended P&L: +0.78% • 30d Hit Rate: +68.40%
3 of 7 books, weighted by capital invested. Estimated quotes, and books whose path statistics disagree with dollar P&L, are left out. Hit rate is 13 of 19 reviewed picks still on track. Average gain 27.3%, average loss -6.8%.
GeneralMarket Pulse 2 minGeopolitical oil is back in charge: WTI futures print $85.18 (+4.2% vs Friday’s $81.77) while the S&P sits at 7,745 (−0.52% Monday) after the US–Iran ceasefire window closed. VIX jumped to…
MARKET PULSE
Geopolitical oil is back in charge: WTI futures print $85.18 (+4.2% vs Friday’s $81.77) while the S&P sits at 7,745 (−0.52% Monday) after the US–Iran ceasefire window closed. VIX jumped to 15.19 (+6.6%) even as gold holds $4,449 — energy inflation premium without a clean risk-off collapse. Watch Home Depot’s pre-open comps and Reddit’s Tuesday S&P inclusion flow before Wednesday’s July FOMC minutes decide whether the long-end yield spike sticks.
• Trim high-beta inclusion/AI names (RDDT-style) to fund hedges
• Add SPY put spreads / VIXY and raise cash toward 15%
• Keep USO/GLD as oil-shock and real-rate hedges rather than cutting both
AI0/4 hard triggers fired (VIX 15.19, curve +51bp, HY OAS 2.71, SPX only −0.5% from Friday’s window high) so regime stays risk-on, but 3 of 9 populated internals are watch (stock-bond corr +0.42, gold/copper elevated, VIX up to 15.2). That matches a market still calm on the hard triggers with Hormuz/long-end cracks underneath — keep the crash checklist ready through HD/WMT and Wednesday’s minutes.
GeneralYesterday's Market Retrospective 3 minMonday’s selloff was a geopolitics-and-duration tape: the S&P 500 fell 0.52% to 7,745.06 as the US–Iran ceasefire window expired, Brent jumped toward $91, and the 30-year yield printed 5.29…
YESTERDAY'S MARKET RETROSPECTIVE
Monday’s selloff was a geopolitics-and-duration tape: the S&P 500 fell 0.52% to 7,745.06 as the US–Iran ceasefire window expired, Brent jumped toward $91, and the 30-year yield printed 5.29% — its highest since 2007 — even as Empire State manufacturing surprised at 20.6.
How Yesterday Unfolded
Asia Asia led with a selective risk-on: Nikkei +0.74% to 69,220.25 and Hang Seng +1.34% to 25,453.23 on AI/memory strength, while South Korea stayed closed for a Liberation Day substitute holiday — so the later US oil/yield shock did not fully recirculate into Asia that session.
Europe Europe finished a fourth down session (Stoxx 600 −0.22% to 656.41) as luxury lagged (Kering/LVMH) while energy outperformed on the Hormuz premium — a rotation, not a broad bid.
US US closed lower across the board (S&P −0.52%, Nasdaq −0.32%, Dow −0.51%) as oil and long yields spiked on the expired US–Iran MoU; chips/memory still outperformed underneath the soft headline.
Long-duration / staples (XLP soft; consumer defensives) → Energy (XLE +1.08% Mon to 62.58) · XLE +1.08% on 2026-08-17 vs XLF −1.00% and XLC −1.89%; WTI futures jumped toward mid-$84s
Expired ceasefire + thin Hormuz traffic re-priced the energy complex while rate-sensitive financials and communication services faded with the long-end yield spike.
Index beta / broad S&P → AI hardware / memory (chips outperformed a down tape) · XLK +0.16% to 190.32 while S&P −0.52%; memory/chip names led per session wrap
Institutional AI-capex demand kept absorbing dips even as the macro tape priced oil-inflation and duration stress.
Key Drivers
US–Iran ceasefire MoU expired; Iran signals offensive posture — Negotiations stalled and Iran ruled out extending the memorandum, sending Brent toward $91 and WTI up ~2.6% on supply-route risk through Hormuz.
30-year Treasury yield to 5.29% (highest since 2007) — Long-end yields jumped alongside oil, tightening financial conditions into a week of retail earnings and Wednesday’s FOMC minutes.
Empire State Manufacturing Index 20.6 vs ~11–12 expected — NY Fed’s August print hit a four-year high, confirming regional factory strength that the equity tape largely ignored under the oil/yield shock.
Hormuz tanker traffic still collapsed — Kpler showed only five commodity vessels Saturday and zero Sunday vs 31 the prior weekend — the physical chokepoint risk that kept oil bid into Tuesday.
Bridge to Today
Tuesday’s open hinges on Reddit’s S&P 500 inclusion flow and Home Depot’s pre-bell comps print — and whether oil stays above $85 as FOMC minutes loom Wednesday.
StocksUS Equity Ideas 3 minRDDT BUY · HD BUY · XOM BUY
US EQUITY IDEAS
Ticker
Name
Conviction
1d
RDDT↓
Reddit, Inc.
7.5
-7.63%
HD↓
The Home Depot, Inc.
7
-0.29%
XOMNEW
Exxon Mobil Corporation
7.5
+0.00%
RDDTGROWTHBUY🔥 3-issue streak↓
Reddit, Inc. • Communication Services
7.5/10Conviction
$164.50
▼ -7.63%
Into Tuesday’s open, expect forced index buying to dominate the tape: S&P DJI’s Aug 18 inclusion replaces AvalonBay with ~$2.9B estimated passive demand, and that mechanical bid is the primary signal (score 7.5 on one…
S&P 500 inclusion effective before open Tuesday Aug 18 (replaces AVB)Monday still closed $164.50 after Friday’s +12% inclusion pop — flow not finishedOnly Meta remains a pure social peer inside the S&P 500
Target
$190.00
Conviction 75%
Invalidation: Closes below $150 on a weekly basis after the inclusion week, signaling flow exhaustion.
TradingView's price for RDDT. It is not the last print in this letter.
Over today’s print and the next two sessions, the stock is a clean consumer-stress test: Street clusters near ~$4.73 EPS / ~$47B sales with the real tell on comps vs Q1’s +0.6%, and a hold-or-better comps print into…
Q2 FY2026 earnings before open Tuesday Aug 18; call 9:00 a.m. ETConsensus ~$4.73 adj. EPS / ~$47B revenue; comps vs +0.6% Q1 is the line that mattersJuly retail sales −0.6% still framing the consumer debate into this print
Target
$365.00
Conviction 70%
Invalidation: Negative Q2 comps with guidance cut below the flat-to-+2% FY comps band.
TradingView's price for HD. It is not the last print in this letter.
Into the next week of Hormuz headlines, expect integrated majors to keep capturing the oil premium: WTI already >$85 and Brent ~$91, and Monday’s geopolitical re-pricing plus an Aug 18 contract-award headline give two…
WTI +4% vs Friday into $85+ as Iran offensive rhetoric hits (Aug 17–18)ExxonMobil awards ~$1.1B contracts headline Aug 18XLE led Monday sector tape while broad indices fell
Target
$175.00
Conviction 75%
Invalidation: WTI closes back below $78 with a confirmed Hormuz traffic normalization above ~20 vessels/day.
TradingView's price for XOM. It is not the last print in this letter.
Desk research framework — not a recommendation to buy or sell.
StocksEU Equity Ideas 1 minTTE.PA BUY
EU EQUITY IDEAS
Ticker
Name
Conviction
1d
TTE.PA↑
TotalEnergies SE
7.5
+0.69%
TTE.PACOMMODITYBUY🔥 2-issue streak↑
TotalEnergies SE • Energy
7.5/10Conviction
$75.93
▲ +0.69%
Over the next several sessions, expect TTE.PA to keep tracking the Hormuz oil premium: Monday’s close at €75.93 already reflects higher liquids realizations, and with Brent near $91 plus stalled ceasefire talks the…
Brent ~$91 / WTI >$85 on Iran offensive posture and Hormuz traffic collapse (Aug 17–18)European energy led Monday while Stoxx 600 fell a fourth sessionPrior 2Q26 already showed $6.0B adjusted net income capturing Middle East price spike
Target
$82.00
Conviction 75%
Invalidation: Brent sustains below $80 for two weeks with Hormuz transit counts normalized.
TradingView's price for TTE.PA. It is not the last print in this letter.
Desk research framework — not a recommendation to buy or sell.
StocksPenny Plays 1 minINO WATCH
PENNY PLAYS
Ticker
Name
Conviction
1d
INO↓
Inovio Pharmaceuticals
5
+0.00%
INOPENNYWATCH🔥 2-issue streak↓
Inovio Pharmaceuticals • Health Care
5/10Conviction
$1.09
▲ +0.00%
Scores 5.0/10 as watchlist-only: narrative and suppression vs prior highs are real, but catalyst proximity and balance-sheet clarity are still thin and the stock already ripped hard into mid-August — this is not a…
Narrative
1.5/2
Catalyst
0.5/2
Balance sheet
0.5/2
Price suppression
1.5/2
Institutional
0/1
Social
1/1
Prior mid-August volume spike still digesting (price $1.09 as of Aug 14 history)Need a fresh dated clinical/regulatory event to clear ≥6/10
Target
$1.60
Invalidation: No dated clinical/regulatory catalyst published within 30 days, or dilutive financing below $0.80.
INO between stop and target1.09
0.61.6
Stop on the left, target on the right. Red and green mark those ends only. The tick is the last price.
TradingView's price for INO. It is not the last print in this letter.
Most sub-$5 names that look cheap stay cheap or go to zero. This screen is diligence, not a buy list.
Desk research framework — not a recommendation to buy or sell.
INCREASE JPY vs EUR — Small defensive JPY add vs EUR while geopolitics and EURJPY ~184 keep intervention/risk-off optionality live.
Conviction 50%
HOLD USD vs EUR — Stop actively underweighting USD vs EUR — oil/yield shock neutralized the soft-landing avoid case for now.
Conviction 50%
Crypto
CryptoCryptocurrency Landscape 2 minInstitutional pipes stayed in risk-off mode after last week’s ~$390M spot Bitcoin ETF outflow (largest in six weeks) and a snapped ETH ETF inflow streak; price stabilized near $64k/$1.89k b…
CRYPTOCURRENCY LANDSCAPE
Institutional pipes stayed in risk-off mode after last week’s ~$390M spot Bitcoin ETF outflow (largest in six weeks) and a snapped ETH ETF inflow streak; price stabilized near $64k/$1.89k but flows have not flipped back to green.
Ticker
Name
Conviction
1d
BTC-USD
Bitcoin
5.5
+0.89%
ETH-USD
Ethereum
5
-0.35%
BTC-USDHOLD🔥 42-issue streak
Bitcoin
5.5/10Conviction
$64094.00
▲ +0.89%
Into the next ETF-flow print, stay on HOLD: a bounce to ~$64.1k does not repair a $390M weekly redemption cluster, and adding before multi-day inflow re-acceleration is buying hope against the institutional tape. Wait…
Next daily/weekly spot BTC ETF flow print (watch for re-acceleration)FOMC minutes Wed as USD/real-yield swing factor
Conviction 55%
Invalidation: BTC closes below $60k on a weekly basis.
TradingView's price for BTC-USD. It is not the last print in this letter.
Near-term, ETH stays a HOLD while the ETF complex is net flat-to-negative: the five-week inflow streak just broke on a $2.3M outflow, and price is range-bound near $1,893 — need a fresh institutional catalyst before…
ETH spot ETF flow re-accelerationAny dated L2/TVL or ETF-issuer allocation headline this week
Conviction 50%
Invalidation: ETH closes below $1,700 on a weekly basis.
TradingView's price for ETH-USD. It is not the last print in this letter.
Desk research framework — not a recommendation to buy or sell.
General
GeneralCommodities Outlook 2 minOil extends the Hormuz premium with WTI futures at $85.18 and Brent near $91 as Iran shifts rhetoric to an offensive posture; gold stays bid near $4,450 as a parallel hedge.
COMMODITIES OUTLOOK
Oil extends the Hormuz premium with WTI futures at $85.18 and Brent near $91 as Iran shifts rhetoric to an offensive posture; gold stays bid near $4,450 as a parallel hedge.
Oil and gold rising together while the dollar sits near 99.6 and 10Y breakevens (T10YIE) print 2.28% is a classic geopolitical-premium stack: if Hormuz traffic…
Ticker
Name
Conviction
1d
USO
WTI Crude (USO proxy)
8.5
+2.91%
GLD
Gold
7.5
+1.00%
WTI Crude (USO proxy)ENERGYBUY🔥 16-issue streak
USO
8.5/10Conviction
$130.29
▲ +2.91%
Over the next few sessions, treat Hormuz as a live call option on supply: Kpler’s weekend traffic collapse (5/0 vs 31) plus Iran’s offensive-posture rhetoric already lifted USO +2.9% Monday to $130.29, and Brent still…
Iran signals fully offensive posture; US rules out ceasefire extension (Aug 17–18)Kpler Hormuz transits: 5 Sat / 0 Sun vs 31 prior weekendBrent ~$91.14 Tuesday; WTI futures $85.18
Conviction 85%
Invalidation: WTI sustains closes below $78 for a full week while Hormuz daily transits normalize above ~20.
TradingView's price for USO. It is not the last print in this letter.
Into FOMC minutes, keep gold as the dual hedge: GLD +1.0% Monday to $405.49 while GC=F holds ~$4,450 as hike odds stay suppressed (Manifold Sep cut only ~3%) yet geopolitics refuse to clear — that combination…
Spot gold ~$4,424–4,450 into Tuesday as rate-hike odds easeGeopolitical safe-haven bid alongside oil (same session)July FOMC minutes due Wednesday
Conviction 75%
Invalidation: GC=F sustains below $4,300 on a weekly close while real yields re-accelerate higher.
TradingView's price for GLD. It is not the last print in this letter.
StocksPortfolio Reality Check 5 min30d hit rate 68%
PORTFOLIO REALITY CHECK
P&L Across Portfolios
Tech US
+2.34%
Anti-Fragile
+0.00%
Trend Follow
+0.00%
Named holdings. 43 smaller positions (12.31%) are off this picture.
Tech US
Performance
Total Value
$102335.42
Cash
$33643.45
P&L
$2335.42 (+2.34%)
Realized P&L
$-2664.87
TWR
+2.30%
Sharpe
1.03
Max DD
-2.39%
Sortino
N/A
Calmar
N/A
Ann. return
N/A
Beta vs SPY
N/A
Allocation
Positions67%
Cash33%
Today's Moves
Action
Ticker
Qty
Status
Buy
RDDT
4.35
dispatched
Buy
HD
2.07
dispatched
Buy
XOM
4.25
dispatched
Hold
RDDT
8.54
—
Current Holdings
Position
Value
Unrealized P&L
TSM ×20.93
$9021.11
+5.9%
XOM ×125
$20126.72
+5.8%
UNH ×8.49
$3359.84
-7.2%
INTC ×14.08
$1457.21
-76.4%
MSFT ×11.91
$5722.17
+18.0%
SBUX ×11.63
$1254.70
+1.2%
CBRE ×8.29
$1226.80
-1.0%
AMZN ×4.38
$1145.22
-3.8%
+16 more holdings
Track Record
7 On Track · 3 Lagging
Position
Conviction Then
Return Since
Verdict
RDDT (2026-08-15)
8/10
-7.6%
Lagging
HD (2026-08-17)
7.5/10
-0.3%
On Track
XOM (2026-08-18)
7.5/10
+0.0%
On Track
MU (2026-08-13)
7/10
+7.7%
On Track
AMAT (2026-08-11)
7.5/10
+0.7%
On Track
MSFT (2026-08-02)
8/10
+18.0%
On Track
MRVL (2026-08-05)
7/10
+198.5%
On Track
UNH (2026-07-19)
7/10
-7.2%
Lagging
PLTR (2026-08-09)
7/10
-7.5%
Lagging
INTC (2026-07-30)
7/10
+18.8%
On Track
Euro Only
Performance
Total Value
$116239.42
Cash
$49648.89
P&L
$16239.42 (+16.24%)
Realized P&L
$-1870.28
Path statistics are hidden. The quotes are estimated, or the time-weighted return disagrees with dollar P&L.
Today's Moves
Action
Ticker
Qty
Status
Buy
TTE.PA
13.34
dispatched
Current Holdings
⚠ Live quotes degraded for this book today — every position below is priced at cost/estimate, not a fresh mark.
Position
Value
Unrealized P&L
ASML.AS ×2.28
$21594.47
+0.0%
TTE.PA ×310
$22786.63
+0.0%
UNA.AS ×48.5
$2832.95
+0.0%
KER.PA ×5.3
$1553.28
+0.0%
RR.L ×101
$1460.08
+0.0%
VIE.PA ×48.5
$1430.88
+0.0%
GLE.PA ×17.29
$1402.26
+0.0%
MNDI.L ×158
$1402.26
+0.0%
+8 more holdings
Track Record
3 On Track
Position
Conviction Then
Return Since
Verdict
TTE.PA (2026-07-19)
7/10
+3.5%
On Track
ASML.AS (2026-08-12)
7.5/10
+0.0%
On Track
ENR.DE (2026-08-06)
6.5/10
+6.5%
On Track
Penny Plays
Performance
Total Value
$95417.43
Cash
$84510.79
P&L
$-4582.57 (-4.58%)
Realized P&L
$-4582.57
Path statistics are hidden. The quotes are estimated, or the time-weighted return disagrees with dollar P&L.
Today's Moves
Action
Ticker
Qty
Status
Sell
GOSS
18578
pending
Current Holdings
⚠ Live quotes degraded for this book today — every position below is priced at cost/estimate, not a fresh mark.
Position
Value
Unrealized P&L
GOSS ×18578
$3755.55
+0.0%
PYPD ×860
$3593.88
+0.0%
STXS ×2738
$3557.21
+0.0%
Track Record
1 On Track · 1 Stopped Out
Position
Conviction Then
Return Since
Verdict
PYPD (2026-08-04)
7/10
+13.4%
On Track
GOSS (2026-07-20)
6.5/10
-23.7%
Stopped Out
Anti-Fragile
Performance
Total Value
$100000.00
Cash
$100000.00
P&L
$0.0000 (+0.00%)
Realized P&L
$0.0000
TWR
+0.00%
Sharpe
N/A
Max DD
+0.00%
Sortino
N/A
Calmar
N/A
Ann. return
N/A
Beta vs SPY
N/A
Allocation
Cash100%
Today's Moves
No new activity today — no open thesis needed adjusting.
Trend Follow
Performance
Total Value
$100000.00
Cash
$100000.00
P&L
$0.0000 (+0.00%)
Realized P&L
$0.0000
TWR
+0.00%
Sharpe
N/A
Max DD
+0.00%
Sortino
N/A
Calmar
N/A
Ann. return
N/A
Beta vs SPY
N/A
Allocation
Cash100%
Today's Moves
No new activity today — no open thesis needed adjusting.
Commodities
Performance
Total Value
$100000.00
Cash
$61526.80
P&L
$0.0000 (+0.00%)
Realized P&L
$0.0000
Path statistics are hidden. The quotes are estimated, or the time-weighted return disagrees with dollar P&L.
Today's Moves
Action
Ticker
Qty
Status
Buy
USO
9.83
dispatched
Buy
GLD
3.1
dispatched
Current Holdings
⚠ Live quotes degraded for this book today — every position below is priced at cost/estimate, not a fresh mark.
Position
Value
Unrealized P&L
USO ×171
$21992.70
+0.0%
GLD ×30.1
$11738.20
+0.0%
CPER ×83.09
$3235.64
+0.0%
SLV ×26.87
$1506.66
+0.0%
Track Record
2 On Track
Position
Conviction Then
Return Since
Verdict
USO (2026-08-11)
8/10
+1.1%
On Track
GLD (2026-08-06)
7/10
+4.5%
On Track
Crypto
Performance
Total Value
$100000.00
Cash
$69426.36
P&L
$0.0000 (+0.00%)
Realized P&L
$0.0000
Path statistics are hidden. The quotes are estimated, or the time-weighted return disagrees with dollar P&L.
Today's Moves
No new activity today — no open thesis needed adjusting.
Current Holdings
⚠ Live quotes degraded for this book today — every position below is priced at cost/estimate, not a fresh mark.
Position
Value
Unrealized P&L
BTC-USD ×0.2664
$17284.77
+0.0%
ETH-USD ×6.23
$11840.32
+0.0%
BTC ×0.0223
$1448.55
+0.0%
Track Record
2 Lagging
Position
Conviction Then
Return Since
Verdict
BTC-USD (2026-08-11)
6.5/10
-1.2%
Lagging
ETH-USD (2026-08-06)
6/10
-0.4%
Lagging
30-day hit rate across all portfolios : +68.40%
Glossary
backwardation
A term structure where nearer maturities cost more than later ones, often a stress signal for VIX.
basis point
One hundredth of a percentage point (0.01%).
yield curve
Yields of government bonds across maturities; an inverted curve (short above long) has often preceded slowdowns.
conviction
The desk’s 0-10 score for how strongly the evidence supports an idea; not a probability.
contango
A term structure where later maturities cost more than nearer ones.
drawdown
Peak-to-trough decline of a price or portfolio.
breadth
How many stocks participate in a market move (for example % above their 200-day average).
Sharpe
Excess return per unit of volatility; higher is better.
2s10s
The 10-year yield minus the 2-year yield, a common curve-shape gauge.
beta
Sensitivity of a stock to market moves; 1.0 moves with the market.
VIX
CBOE Volatility Index: the options market’s price for 30-day S&P 500 volatility; higher means more expected turbulence.
RSI
Relative Strength Index: a 0-100 momentum gauge; above 70 is often read as overbought, below 30 as oversold.
P/E
Price-to-earnings ratio: share price divided by earnings per share.
OAS
Option-adjusted spread: the extra yield of a bond over a risk-free benchmark, adjusted for embedded options.
RRG
Relative Rotation Graph: plots relative strength and its momentum to show leaders and laggards.
ATH
All-time high.
TWR
Time-weighted return: performance that removes the effect of cash flows in and out.
Legal & risk disclosures
General research disclaimer: this newsletter is a desk research framework compiled from third-party market data, filings and news. It may contain errors, omissions or delays, and past performance does not predict future results. Figures labelled illustrative (for example fan charts) are model outputs, not forecasts.
Penny-stock risk: very low-priced, thinly traded securities can be illiquid, volatile and easy to manipulate. Spreads can be wide, exits may be impossible at the quoted price, and you can lose your entire investment. Ideas in this category are diligence starting points, not a buy list.
Not investment advice: nothing here is a personalised recommendation, an offer or a solicitation to buy or sell any security, currency, commodity or crypto-asset. It does not take into account your objectives, financial situation or risk tolerance. Consider seeking independent professional advice.
Jurisdiction: this content is not directed at any person or entity in a place where its distribution would be unlawful or require registration. Availability of the instruments mentioned varies by country; you are responsible for complying with the rules that apply to you.