But not because I have to. It's because I want to.
There's a difference.
But I'm taking a break out here in Newport Beach, Ca for a few days, at what has become, the #1 Conference in all of Finance.
It's not even close.
I couldn't tell you what the 2nd best was. That's how dominant this is.
Sunday afternoon I walked up to the booth in Huntington Beach to get my badge and bag of goodies and they had pins representing whether it was your 1st year at FuturePtoof, your 2nd year attending or if it was your 3rd.
I smiled and said, "This is my 3rd year here", and she jumped up with joy and put extra flair on my conference name badge.
I feel like Jennifer Aniston in Office Space with all my flair on right now.
I laugh because of course it's my 3rd year. I want to support my friends.
Even if there was no one here, I would still be here.
But do you know how happy it makes me to see my boys kicking everyone's ass?
Josh Brown and the rest of the Ritholtz Wealth Management team is absolutely crushing it.
I'm out in Newport Beach, CA for a few days hanging out at an industry conference called Future Proof.
I don't even know where to start with these guys.
I've had a front row seat to watch my good friend Josh Brown partner up with Barry Ritholtz, hire Michael Batnick and many others along the way, and turn a small advisory into a $5 Billion AUM firm - one of the fastest growing Financial Advisors in the United States.
It was awesome when they were first coming up and putting on conferences. They were big, but still small and intimate in their own ways.
Now they're just way too successful.
That band that was cool when just a few people knew about them has gone mainstream.
There are way too many people here. It's absolutely insane.
My friends are rockstars. And I couldn't be happier to see all of their success.
I say there are too many people at this conference as a joke. But I'm not even kidding. There were like 20 open bars at happy hour last night and I still couldn't get a drink.
Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended August 30, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
I'll be Streaming LIVE TODAY at 4 p.m. ET to talk about what that 20% correction in Semiconductors means for this market, where that money is going next, why markets are usually volatile ahead of November’s election, and what exactly we’re doing to profit from it all.