🧠 The Reverse Cramer

Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

Still recovering from the Thanksgiving feast? You’re not alone. Personally, I can’t decide which is worse, the rye whiskey hangover or the tryptophan.

Fortunately, there’s only one hangover cure more tried-and-true than a greasy breakfast and double-dose of ibuprofen, and we all got it yesterday: Stock market gains.

On an abbreviated Black Friday trading day, the S&P 500 and Dow Jones notched new record closes, a strong finish for their best month of 2024 so far.

The boost to my portfolio should help me afford some of the big-ticket Christmas gifts I’m eyeing — like a single carton of eggs.

Together With 10East

Where Sophisticated Investors Access Private Markets

10 East, led by Michael Leffell, allows qualified individuals to invest alongside private market veterans in vetted deals across private credit, real estate, niche venture/private equity, and other one-off investments that aren’t typically available through traditional channels.   

Benefits of 10 East membership include:     

• Flexibility – members have full discretion over whether to invest on an offering-by-offering basis.   

• Alignment – principals commit material personal capital to every offering.    

• Institutional resources – a dedicated investment team that sources, monitors, and diligences each offering.  

10 East is where founders, executives, and portfolio managers from industry-leading firms diversify their personal portfolios. 

Market Review:

Wall Street capped a strong month on Friday with the Dow Jones Industrial Average and S&P 500 reaching new record closes.

On the day, the S&P 500 rose 0.56%, while the Nasdaq Composite gained 0.83%, and the Dow climbed 0.42%. Per usual, chip stocks led the gains, buoyed by news that the Biden administration may ease restrictions on semiconductor sales to China.

The S&P 500’s broad rally pushed it into uncharted territory, with 60% of its constituents rising. November saw major indexes post solid monthly gains. The Russell 2000 led the way with a 10.8% gain.

Investor confidence appeared to be quite literally at an all-time high heading into the final month of the year — and historical precedence is on their side too. The S&P 500 typically rises in December when it's up more than 20% through November.

Market Preview:

Monday will bring insights into the state of US manufacturing in the form of the sector’s PMI for November and construction spending for October.

On Tuesday, we’ll get job openings for October, along with this month’s car sales.

Wednesday will bring the week’s other PMI, this time for the services sector. We’ll also get factory orders from October, as well as the final Fed Beige Book of the year.

On Thursday, the weekly update on the number of Americans filing for first-time unemployment claims is due.

Friday will finish the week strong with the November jobs report, in addition to a preliminary consumer sentiment reading for December.

Which industries stand out to you the most?

For me, it’s slaughterhouses and unspecified food sectors.

There’s been a lot of back-and-forth on the potential economic impact of President-elect Donald Trump’s proposed tariffs. But what about the proposed deportation policy? Looks like it might put a meaningful dent in the meat supply chain...

Any short-sellers side-eying Tyson Foods? 👀

Why don’t weathermen try to make us money?

At least they’re right half the time.

Then again, the “Reverse Cramer” trading strategy (i.e. trading the opposite of whatever the Mad Money host suggests) has been common practice in the crypto sphere for years.

Now, they have the stats to back it up.

Since we can’t link the full thread, here’s the abridged version of his list:

1. Tax Loss Harvesting

2. Beneficial Ownership Information (BOI) Reporting

3. Charitable Contributions

4. Solo 401k

5. S-Corp Payroll

6. Backdoor and Mega Backdoor Roth IRA

7. Prepay business expenses

8. Roth Conversions

9. Gift Tax Exclusion

10. Spending unused FSA dollars
    
    And here’s our proposed addendum:
    

11. Rebuild your 2025 budget from the ground up to accommodate the Apple Vision Pro you impulse-bought on Boxing Day

Together With 10East

Where Sophisticated Investors Access Private Markets

10 East, led by Michael Leffell, allows qualified individuals to invest alongside private market veterans in vetted deals across private credit, real estate, niche venture/private equity, and other one-off investments that aren’t typically available through traditional channels.   

Benefits of 10 East membership include:     

• Flexibility – members have full discretion over whether to invest on an offering-by-offering basis.   

• Alignment – principals commit material personal capital to every offering.    

• Institutional resources – a dedicated investment team that sources, monitors, and diligences each offering.  

10 East is where founders, executives, and portfolio managers from industry-leading firms diversify their personal portfolios. 

Get you a man who can do both.

I’m sure there are some transferable skills in there somewhere...

In my defense…

Two decades ago, if you told your mom you were training to be a “Biosensor Hardware Engineer for Meta Platforms”, it’d sound almost as absurd.

And which would you prefer, a $200k yearly salary, or 500% yearly gains?

TRIVIA