InsideArbitrage Special Situations Newsletter: March 2024

Investors threw caution to the winds and we saw both the S&P 500 and Nasdaq hit new highs with gains of more than 5% and 6% in February respectively. Bitcoin also surged sharply with a gain of 46% in a single month to eclipse $61,500 by the end of February. We had companies like Beyond Meat (BYND) and Carvana (CVNA) register gains of 52% and 79% last month due short squeezes triggered by earnings. Former darlings like cybersecurity firm Palo Alto Networks (PANW) and data warehousing company Snowflake (SNOW) did not fare quite as well with large drops post-earnings and the exit of Frank Slootman as Snowflake’s CEO.   Please check out the full newsletter from the attached PDF.

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