Sell Alert: Wolfspeed (WOLF) & Impinj (PI)

Take profits before the Fed announcement

Hey,

With the Fed announcement coming this afternoon, I’m lightening up on some of positions. I suggest everyone does the same for their short-term holdings.

The recent run-up in the market over the past month and a half has been extraordinary. And I don’t see how the Fed can say anything bullish enough this afternoon to keep the rally going.

I also don’t think they will talk about lowering rates as much or as quickly as the market thinks they will.

So we will sell off a couple positions that have stalled out recently. Those are Wolfspeed and Impinj. Let’s take our profits and get some dry powder for the next round of episodic pivots.