Grindr, Apple and Walmart: Rising Together

Imagine the world 12-18 months from now. Why? Tax cuts! War endings! Tariffs! Strong dollars! These are all possible outcomes based on what markets are doing right now. Markets are setting up for a future and I think based on what we see today, it's very bullish.

Author

Bootleg Macro
December 01, 2024

In this week’s edition of the New Highs Newsletter we have a lineup of name-brand stocks hitting 52-week highs!

Apple, Vizio, Sofi, Grindr, and Peloton leading the way.

It’s more of the same from last week—bulls dominate. If this trend continues, we can expect the bull market to persist. I’ll keep watch for breakouts across all sectors.

We have the best setup on the planet for stocks. Volatility is falling with price rising.

We have market conditions easing, the economy priming for a reduction in labor, an increase in tax cuts and a focus on productivity. All the means is that stocks are going to continue to hit fresh highs.

Walmart making fresh highs this week. In a robust market we look beyond the breakout and think about the knock-on effects. Walmart makes me thinking…

financing.

AFRM is making its long-awaited return to the New Highs Newsletter.

Affirm’s trend is very clean, high correlation to bitcoin and the dollar. Both are very bullish.

The key is to stay focused on the bigger picture. To many traders are focused on only today, this week or this month. We want to think further out to generate an edge.

What will the world look like in November 2025?

This is why I’m focused on Affirm today — it was hot in 2020-2021 in frothy market. Why do you think they say, “History doesn’t repeat but it rhymes.”

Affirm’s weekly trade range shows a big breakout in price and volatility to the upside. Very bullish for the longer-term.

That’s where the real opportunities lie.

We’ve live in 2017 with tax cuts before…right?

We’ve lived in a world with a strong dollar and US markets flying, right?

So…

Imagine a world where tax cuts have passed, a war has ended, tariffs are up, the dollar is strong, and job numbers are high. Bulls should rule the day in such an environment. Small deficits mean more private-sector spending—sounds bullish to me.

We’ll see what happens next. For now, stay tuned and enjoy the ride.

See you next week!

- Dustin

Market Performance

Indexes all tell the same story. Now small caps are starting to join in the run. Russell back at the high from November 2021! Long-wait if you’re holding.

Major indexes all positive on the week. We expect less volatility in the next 3-6 months.

For the next few quarters, I’ll be rotating between the QQQ, SPY and DIA for majority holdings. Giving myself and opportunity to spread my wings into smaller ideas with longer-term call options on pullbacks. What else is a better strategy?

Buy dips on MAG 7 (when in a BULLISH trend) and hold indexes, the easiest Alpha on the street, right?

Volatility Corner:

Turbulence continues to improve. Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. You see the up and down…we are back above the 23 Week Moving Average. Which is significant.

The recent action was choppy. The market reflected it. Now we expect the market to reflect BULLISHNESS until it doesn’t.

Expect more of the same, buy all dips.

MACRO INDICATOR:

Long-term, we are in a BULL MARKET. Daily, we are in a BEAR MARKET

  • MACRO SEASON: BULLISH Since 8/24/24🟢

  • MICRO WEATHER: BULLISH Since 11/8/24🟢

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New Highs $5-$20:

  1. REAL - The RealReal Inc - Consumer Cyclical - United States - 🇺🇸

  2. KODK - Eastman Kodak Co - Industrials - United States - 🇺🇸

  3. PTON - Peloton Interactive Inc - Consumer Cyclical - United States - 🇺🇸

  4. VZIO - VIZIO Holding Corp - Technology - United States - 🇺🇸

  5. BTDR - Bitdeer Technologies Holding Co - Technology - Singapore - 🇸🇬

  6. GRND - Grindr Inc - Technology - United States - 🇺🇸

  7. LUNR - Intuitive Machines Inc - Industrials - United States - 🇺🇸

  8. LC - LendingClub Corp - Financial - United States - 🇺🇸

  9. SOFI - SoFi Technologies Inc - Financial - United States - 🇺🇸

  10. ATEN - A10 Networks Inc - Technology - United States - 🇺🇸

REAL - The RealReal Inc - Consumer Cyclical - United States - 🇺🇸

KODK - Eastman Kodak Co - Industrials - United States - 🇺🇸

PTON - Peloton Interactive Inc - Consumer Cyclical - United States - 🇺🇸

VZIO - VIZIO Holding Corp - Technology - United States - 🇺🇸

Phenomenal low volatility breakout.

BTDR - Bitdeer Technologies Holding Co - Technology - Singapore - 🇸🇬

GRND - Grindr Inc - Technology - United States - 🇺🇸

LUNR - Intuitive Machines Inc - Industrials - United States - 🇺🇸

LC - LendingClub Corp - Financial - United States - 🇺🇸

SOFI - SoFi Technologies Inc - Financial - United States - 🇺🇸

ATEN - A10 Networks Inc - Technology - United States - 🇺🇸

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New Highs $20+:

  1. IMAX - Imax Corp - Communication Services - Canada - 🇨🇦

  2. DAVE - Dave Inc - Technology - United States - 🇺🇸

  3. AAPL - Apple Inc - Technology - United States - 🇺🇸

  4. WMT - Walmart Inc - Consumer Defensive - United States - 🇺🇸

  5. SHOP - Shopify Inc - Technology - Canada - 🇨🇦

  6. AXON - Axon Enterprise Inc - Industrials - United States - 🇺🇸

  7. AFRM - Affirm Holdings Inc - Technology - United States - 🇺🇸

  8. FOX - Fox Corporation - Communication Services - United States - 🇺🇸

  9. EDR - Endeavor Group Holdings Inc - Communication Services - United States - 🇺🇸

  10. Z - Zillow Group Inc - Communication Services - United States - 🇺🇸

IMAX - Imax Corp - Communication Services - Canada - 🇨🇦

DAVE - Dave Inc - Technology - United States - 🇺🇸

AAPL - Apple Inc - Technology - United States - 🇺🇸

Apple is the most interesting setup of all the MAG 7 or whatever.

WMT - Walmart Inc - Consumer Defensive - United States - 🇺🇸

We’ve hit a broad bull market when Walmart and Apple can hit in unison.

SHOP - Shopify Inc - Technology - Canada - 🇨🇦

AXON - Axon Enterprise Inc - Industrials - United States - 🇺🇸

AXON is gets the bid higher and higher. Up over 82% in 3 months in an insane return.

AFRM - Affirm Holdings Inc - Technology - United States - 🇺🇸

FOX - Fox Corporation - Communication Services - United States - 🇺🇸

EDR - Endeavor Group Holdings Inc - Communication Services - United States - 🇺🇸

Z - Zillow Group Inc - Communication Services - United States - 🇺🇸

Zillow is on a rocket up 58% in 3 months major breakout underway.

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