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Dan Veterano Academy
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Article
‎It is important to understand: American resources are not one single, indivisible pool.‎Two U.S. Geopolitical Traps: China, Ukraine, Israel, and the Cost of Strategic Choice ‎DVA — facts without hype ‎FACT • MECHANISM • GEOPOLITICS • GAME THEORY • SCENARIOS • DECISION ‎Why Washington cannot maximize its influence on every front at once ‎In international politics, states rarely have unlimited resources. Even the most powerful economy and strongest military are forced to set priorities, allocate forces, and reckon with the consequences of their own decisions.

‎It is important to understand: American resources are not one single, indivisible pool.

‎Two U.S. Geopolitical Traps: China, Ukraine, Israel, and the Cost of Strategic Choice
‎DVA — facts without hype
‎FACT • MECHANISM • GEOPOLITICS • GAME THEORY • SCENARIOS • DECISION
‎Why Washington cannot maximize its influence on every front at once
‎In international politics, states rarely have unlimited resources. Even the most powerful economy and strongest military are forced to set priorities, allocate forces, and reckon with the consequences of their own decisions.
Article
In the digital economy, it’s important not only to own an asset, but also to understand how to access it‎How to Choose a Digital Asset Exchange Service: Five Practical Criteria ‎DVA — Facts Without the Hype ‎FACT • MECHANISM • RISK • PRACTICAL CHECK • DECISION ‎Cryptocurrency Is Becoming Part of the Financial Infrastructure ‎In 2026, the digital asset market can no longer be viewed solely as an arena for speculative trading. Stablecoins, cryptocurrency exchanges, payment platforms, and decentralized protocols are increasingly being used for international transfers, payments, and preserving value.

In the digital economy, it’s important not only to own an asset, but also to understand how to access it

‎How to Choose a Digital Asset Exchange Service: Five Practical Criteria
‎DVA — Facts Without the Hype
‎FACT • MECHANISM • RISK • PRACTICAL CHECK • DECISION
‎Cryptocurrency Is Becoming Part of the Financial Infrastructure
‎In 2026, the digital asset market can no longer be viewed solely as an arena for speculative trading. Stablecoins, cryptocurrency exchanges, payment platforms, and decentralized protocols are increasingly being used for international transfers, payments, and preserving value.
Article
‎Bitcoin, Binance, and U.S. Debt‎ ‎Bitcoin, Binance, and U.S. Debt: How Liquidations, Politics, and Game Theory Shape the Crypto Market ‎DVA ANALYTICS • FACTS → MECHANISMS → ECONOMICS → GAME THEORY → GEOPOLITICS → RISKS → SCENARIOS → DECISIONS ‎The cryptocurrency market is often explained simply: Bitcoin falls because of bad news, rises when money flows in, and large investors supposedly know in advance which way the price will move.

‎Bitcoin, Binance, and U.S. Debt

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‎Bitcoin, Binance, and U.S. Debt: How Liquidations, Politics, and Game Theory Shape the Crypto Market
‎DVA ANALYTICS • FACTS → MECHANISMS → ECONOMICS → GAME THEORY → GEOPOLITICS → RISKS → SCENARIOS → DECISIONS
‎The cryptocurrency market is often explained simply: Bitcoin falls because of bad news, rises when money flows in, and large investors supposedly know in advance which way the price will move.
Article
‎The public dispute between Binance founder Changpeng Zhao (CZ) and Elon Musk revealed ...‎When trolling costs a billion: anatomy of CZ’s tweet to Musk and what it reveals about Binance’s financial architecture ‎DVA ANALYTICS • FACT • MECHANISM • ECONOMICS • GAME THEORY • RISK • SCENARIOS • DECISION ‎During a major financial crisis, what matters is not only how many assets a company has, but also the form they take, who legally owns them, and how quickly they can be converted into available cash.

‎The public dispute between Binance founder Changpeng Zhao (CZ) and Elon Musk revealed ...

‎When trolling costs a billion: anatomy of CZ’s tweet to Musk and what it reveals about Binance’s financial architecture
‎DVA ANALYTICS • FACT • MECHANISM • ECONOMICS • GAME THEORY • RISK • SCENARIOS • DECISION
‎During a major financial crisis, what matters is not only how many assets a company has, but also the form they take, who legally owns them, and how quickly they can be converted into available cash.
Article
Blockchain Is Gradually Changing the Source of Its Value‎Blockchain Beyond Crypto: How $2.9 Billion in Additional Revenue Is Changing the Financial System ‎DVA ANALYTICS • FACT • MECHANISM • ECONOMICS • GAME THEORY • RISK • SCENARIOS • DECISION ‎ Blockchain Is Gradually Changing the Source of Its Value ‎While the cryptocurrency market undergoes a correction, a different economic reality is taking shape beyond traditional crypto trading. Blockchain is increasingly being used to trade financial instruments, forecast events, make payments, provide loans, and digitally represent real-world assets.

Blockchain Is Gradually Changing the Source of Its Value

‎Blockchain Beyond Crypto: How $2.9 Billion in Additional Revenue Is Changing the Financial System
‎DVA ANALYTICS • FACT • MECHANISM • ECONOMICS • GAME THEORY • RISK • SCENARIOS • DECISION
‎ Blockchain Is Gradually Changing the Source of Its Value
‎While the cryptocurrency market undergoes a correction, a different economic reality is taking shape beyond traditional crypto trading. Blockchain is increasingly being used to trade financial instruments, forecast events, make payments, provide loans, and digitally represent real-world assets.
Article
‎FACT — when a small miner beats the industry‎Odds of 1 in 3,400: how a solo miner with a $219 device earned 3.14 BTC ‎DVA ANALYTICS • FACT -> MECHANISM - ‎ ECONOMICS -> GAME THEORY -> RISK -> DECISION ‎FACT — when a small miner beats the industry ‎On October 28, 2026, news emerged of an unusual event on the Bitcoin network: an unknown solo miner found block #973413 using CKPool infrastructure and earned 3.1397 BTC — approximately $251,906 at the exchange rate cited in reports.

‎FACT — when a small miner beats the industry

‎Odds of 1 in 3,400: how a solo miner with a $219 device earned 3.14 BTC
‎DVA ANALYTICS • FACT -> MECHANISM -
‎ ECONOMICS -> GAME THEORY -> RISK -> DECISION
‎FACT — when a small miner beats the industry
‎On October 28, 2026, news emerged of an unusual event on the Bitcoin network: an unknown solo miner found block #973413 using CKPool infrastructure and earned 3.1397 BTC — approximately $251,906 at the exchange rate cited in reports.
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Article
‎MECHANISM — How a Bubble Forms and Bursts‎China’s AI Bubble: How $480 Billion in Market Value Disappeared in Four Months ‎DVA ANALYTICS • FACT -> MECHANISM -> ECONOMICS -> GAME THEORY -> RISK -> SCENARIOS -> DECISION ‎FACT — The Tech Boom Has Run Into Reality ‎On October 26, 2026, Reuters reported a sharp decline in Chinese stocks linked to artificial intelligence and semiconductors. The STAR 50 Index lost about 40% in less than four months, while the combined market value of the relevant segment fell by approximately $480 billion. Meanwhile, the CSI 300 Index dropped about 20% from its June peak. These are different indices that reflect different segments of the Chinese stock market. "Reuters" (https://www.reuters.com/world/china/china-ai-bubble-has-already-burst-2026-10-26/).

‎MECHANISM — How a Bubble Forms and Bursts

‎China’s AI Bubble: How $480 Billion in Market Value Disappeared in Four Months
‎DVA ANALYTICS • FACT -> MECHANISM -> ECONOMICS -> GAME THEORY -> RISK -> SCENARIOS -> DECISION
‎FACT — The Tech Boom Has Run Into Reality
‎On October 26, 2026, Reuters reported a sharp decline in Chinese stocks linked to artificial intelligence and semiconductors. The STAR 50 Index lost about 40% in less than four months, while the combined market value of the relevant segment fell by approximately $480 billion. Meanwhile, the CSI 300 Index dropped about 20% from its June peak. These are different indices that reflect different segments of the Chinese stock market. "Reuters" (https://www.reuters.com/world/china/china-ai-bubble-has-already-burst-2026-10-26/).
Article
How to Turn Analysis into an Earning System?‎Jesse Livermore, Game Theory, and the Crypto Market: How to Turn Analysis into an Earning System ‎DVA ANALYTICS • FACT -> MECHANISM -> GAME THEORY -> ECONOMICS -> RISK -> SCENARIOS -> DECISION ‎How to Read This Article ‎This is not a set of signals to buy BTC or ETH, nor a promise of quick profits. It is an analytical and educational guide to combining the historical principles of Jesse Livermore, game theory, risk management, and the modern opportunities of the crypto business.

How to Turn Analysis into an Earning System?

‎Jesse Livermore, Game Theory, and the Crypto Market: How to Turn Analysis into an Earning System
‎DVA ANALYTICS • FACT -> MECHANISM -> GAME THEORY -> ECONOMICS -> RISK -> SCENARIOS -> DECISION
‎How to Read This Article
‎This is not a set of signals to buy BTC or ETH, nor a promise of quick profits. It is an analytical and educational guide to combining the historical principles of Jesse Livermore, game theory, risk management, and the modern opportunities of the crypto business.
Article
When Imagination Becomes a Source of Suffering ‎‎The Anatomy of Anxiety: Why We Worry About Things That May Never Happen ‎DVA ANALYTICS • FACT -> MECHANISM -> PSYCHOLOGY -> RISK -> SOLUTION ‎ When Imagination Becomes a Source of Suffering ‎We often live through events before they happen. We imagine bad news, the loss of loved ones, financial difficulties, illnesses, and failures. The event hasn’t happened yet, but the body is already reacting as if danger were near.

When Imagination Becomes a Source of Suffering ‎

‎The Anatomy of Anxiety: Why We Worry About Things That May Never Happen
‎DVA ANALYTICS • FACT -> MECHANISM -> PSYCHOLOGY -> RISK -> SOLUTION
‎ When Imagination Becomes a Source of Suffering
‎We often live through events before they happen. We imagine bad news, the loss of loved ones, financial difficulties, illnesses, and failures. The event hasn’t happened yet, but the body is already reacting as if danger were near.
Article
Anatomy of DissolutionAnatomy of Dissolution: How the Illusion of Significance of People, Space, and Meaning Disappears from Within ‎An Analytical and Educational Article ‎DVA ANALYTICS • FACT -> MECHANISM -> PSYCHOLOGY -> PHILOSOPHY -> RISK -> SOLUTION ‎The Paradox of Spontaneous Fading ‎There is a widespread belief that freeing yourself from inner attachments requires constant effort. You need to work on yourself, analyze the past, let people go, change your surroundings, seek new meaning, and control your thoughts.

Anatomy of Dissolution

Anatomy of Dissolution: How the Illusion of Significance of People, Space, and Meaning Disappears from Within
‎An Analytical and Educational Article
‎DVA ANALYTICS • FACT -> MECHANISM -> PSYCHOLOGY -> PHILOSOPHY -> RISK -> SOLUTION
‎The Paradox of Spontaneous Fading
‎There is a widespread belief that freeing yourself from inner attachments requires constant effort. You need to work on yourself, analyze the past, let people go, change your surroundings, seek new meaning, and control your thoughts.
Article
‎Readers reported fraud - OPTIGROWTHS‎DVA ALARM: OPTIGROWTHS, conflicting trust assessments and risk of losing funds ‎DVA ALARM • FACT -> ALARM -> VERIFY -> DOCUMENTED ‎FACT — new information from readers ‎Readers reported fraud - OPTIGROWTHS: ‎The platform’s official document—the OptiGrowths Whitepaper—states an investment plan offering a rate of 5% per day for deposits starting at $100. This confirms that the platform makes such a claim in its own material, but does not prove that the stated return is real.

‎Readers reported fraud - OPTIGROWTHS

‎DVA ALARM: OPTIGROWTHS, conflicting trust assessments and risk of losing funds
‎DVA ALARM • FACT -> ALARM -> VERIFY -> DOCUMENTED
‎FACT — new information from readers
‎Readers reported fraud - OPTIGROWTHS:
‎The platform’s official document—the OptiGrowths Whitepaper—states an investment plan offering a rate of 5% per day for deposits starting at $100. This confirms that the platform makes such a claim in its own material, but does not prove that the stated return is real.
Article
Words can change your brain.‎The Word as a Lever: From Mystery to Transformation ‎DVA ANALYTICS • FACT -> MECHANISM -> RISK -> DECISION ‎“Because every word has its own mystery. And in every word, there is life.” ‎“Can a word really change a person?” ‎“It can. Take this word, for example: ‘you can.’” ‎This dialogue from Myroslav Dochynets’s book *The Mysterious Life of Words* raises a question that brings together literature, neurobiology, psychology, and philosophy: can a word change a person? And if so, how can we turn its power into a practical tool for everyday life?

Words can change your brain.

‎The Word as a Lever: From Mystery to Transformation
‎DVA ANALYTICS • FACT -> MECHANISM -> RISK -> DECISION
‎“Because every word has its own mystery. And in every word, there is life.”
‎“Can a word really change a person?”
‎“It can. Take this word, for example: ‘you can.’”
‎This dialogue from Myroslav Dochynets’s book *The Mysterious Life of Words* raises a question that brings together literature, neurobiology, psychology, and philosophy: can a word change a person? And if so, how can we turn its power into a practical tool for everyday life?
Article
Tether&usdc. One phrase — several layers of geopolitics ‎‎Russia, Iran, China and the US: the grand geopolitical bargain and the risks for Ukraine ‎DVA ANALYTICS • FACT -> MECHANISM -> RISK -> DECISION ‎Why Trump’s statement about Russia providing limited assistance to Iran may be more important than it seems, and how the struggle for influence in the Middle East is connected to Ukraine’s future. ‎ One phrase — several layers of geopolitics

Tether&usdc. One phrase — several layers of geopolitics ‎

‎Russia, Iran, China and the US: the grand geopolitical bargain and the risks for Ukraine
‎DVA ANALYTICS • FACT -> MECHANISM -> RISK -> DECISION
‎Why Trump’s statement about Russia providing limited assistance to Iran may be more important than it seems, and how the struggle for influence in the Middle East is connected to Ukraine’s future.
‎ One phrase — several layers of geopolitics
🌍 The world is on the verge of a new economic cycle: what it means for Ukraine DVA ANALYTICS • FACT → MECHANISM → RISK → DECISION 🇺🇸 Inflation in the US is complicating the Fed’s decisions. High prices could keep interest rates elevated, strengthen the dollar, and trigger capital outflows from riskier assets. 📉 Mechanism: More expensive financing puts pressure on South Korean tech stocks, raises borrowing costs, and forces investors to reassess risks. In France, high government debt and political instability make it harder to reduce the budget deficit. 🛢️ Expensive oil fuels inflation, increases logistics costs, and creates the risk of stagflation—a combination of high prices and weak economic growth. 🇺🇦 For Ukraine, this means additional pressure on the hryvnia, import costs, and public finances. The war and damage to infrastructure heighten domestic inflation risks. DECISION: Monitor the Fed’s decisions, diversify risks, avoid leverage, and verify facts before investing. A global crisis is not inevitable, but financial resilience is becoming more important. DVA — facts without hype. Not financial advice. Preserving value and time. #DVA #Інфляція #USDC✅
🌍 The world is on the verge of a new economic cycle: what it means for Ukraine

DVA ANALYTICS • FACT → MECHANISM → RISK → DECISION

🇺🇸 Inflation in the US is complicating the Fed’s decisions. High prices could keep interest rates elevated, strengthen the dollar, and trigger capital outflows from riskier assets.

📉 Mechanism: More expensive financing puts pressure on South Korean tech stocks, raises borrowing costs, and forces investors to reassess risks. In France, high government debt and political instability make it harder to reduce the budget deficit.

🛢️ Expensive oil fuels inflation, increases logistics costs, and creates the risk of stagflation—a combination of high prices and weak economic growth.

🇺🇦 For Ukraine, this means additional pressure on the hryvnia, import costs, and public finances. The war and damage to infrastructure heighten domestic inflation risks.

DECISION: Monitor the Fed’s decisions, diversify risks, avoid leverage, and verify facts before investing.

A global crisis is not inevitable, but financial resilience is becoming more important.

DVA — facts without hype.

Not financial advice. Preserving value and time.

#DVA #Інфляція #USDC✅
Article
Who controls the digital Leviathan? ‎‎🏛️ Layer2State: who controls the digital Leviathan? ‎DVA ANALYTICS • FACT -> VERIFY -> RISK -> DECISION ‎We are used to thinking of blockchain, artificial intelligence, and digital citizenship as technologies of the future. But the questions they raise are far older than the technologies themselves. ‎Who has the right to govern? Where does power come from? Who controls those who make decisions? And can a system created for freedom itself become an instrument of control?

Who controls the digital Leviathan? ‎

‎🏛️ Layer2State: who controls the digital Leviathan?
‎DVA ANALYTICS • FACT -> VERIFY -> RISK -> DECISION
‎We are used to thinking of blockchain, artificial intelligence, and digital citizenship as technologies of the future. But the questions they raise are far older than the technologies themselves.
‎Who has the right to govern? Where does power come from? Who controls those who make decisions? And can a system created for freedom itself become an instrument of control?
Article
On October 2, 2026, Japan added Garantex to the list of entities subject to🇯🇵 Garantex: sanctions ≠ blockchain blocking FACT On October 2, 2026, Japan added Garantex to the list of entities subject to asset freeze measures. This refers to restrictions on payments and capital operations with sanctioned entities. According to Elliptic, after the introduction of US sanctions in 2022, more than $60 billion worth of crypto transactions passed through Garantex. This is an estimate of transaction volume, not the amount of assets owned by the exchange.

On October 2, 2026, Japan added Garantex to the list of entities subject to

🇯🇵 Garantex: sanctions ≠ blockchain blocking
FACT
On October 2, 2026, Japan added Garantex to the list of entities subject to asset freeze measures.
This refers to restrictions on payments and capital operations with sanctioned entities.
According to Elliptic, after the introduction of US sanctions in 2022, more than $60 billion worth of crypto transactions passed through Garantex. This is an estimate of transaction volume, not the amount of assets owned by the exchange.
Article
‎That’s why the strike on the bridge in Kyiv is not only a damaged bridge.‎UKRAINE IN A GEOPOLITICAL TORNADO ‎ ‎War through the eyes of a person living inside the events ‎ ‎Some words, when heard from afar, sound magnificent. ‎ ‎«Geopolitics». ‎ ‎«A new world order». ‎ ‎«Strategic deterrence». ‎ ‎«Global confrontation». ‎ ‎«The Third World War». ‎ ‎And then in Kyiv at night, an air-raid alarm sounds.

‎That’s why the strike on the bridge in Kyiv is not only a damaged bridge.

‎UKRAINE IN A GEOPOLITICAL TORNADO
‎
‎War through the eyes of a person living inside the events
‎
‎Some words, when heard from afar, sound magnificent.
‎
‎«Geopolitics».
‎
‎«A new world order».
‎
‎«Strategic deterrence».
‎
‎«Global confrontation».
‎
‎«The Third World War».
‎
‎And then in Kyiv at night, an air-raid alarm sounds.
‎🚨 DVA ALARM #004 ‎ ‎DELTA: 8% PER DAY. AND WHERE ARE THE MONEY? ‎ ‎I received new material from readers. ‎ ‎Delta offers: ‎• entry from $10; ‎• 8% per day; ‎• 25 days; ‎• up to 200% payouts; ‎• automatic withdrawal; ‎• a multi-level referral system. ‎ ‎The legend is crypto arbitrage. ‎ ‎FACT ‎ ‎No founder, legal entity, or full-fledged team has been publicly established. No independent audit has been found, confirmed P&L, or public statistics of arbitrage operations. ‎ ‎MECHANISM ‎ ‎DEPOSIT → ARBITRAGE → PROFIT → WITHDRAWAL. ‎ ‎The key link — real profit from arbitrage — has not been publicly confirmed. ‎ ‎ALARM ‎ ‎A payout to an individual user does not prove the economics of the entire model. ‎ ‎VERIFY ‎ ‎What’s needed: a legal entity, a team, an audit, trading statistics, and public blockchain addresses. ‎ ‎🛑 DVA SOLUTION: ‎ ‎DO NOT PUT MONEY IN UNTIL THE PROJECT SHOWS AN INDEPENDENTLY VERIFIABLE MECHANISM FROM WHICH THE 8% PER DAY IS TAKEN. ‎ ‎$10 is also money. ‎ ‎Let’s not test financial projects with our own wallet. ‎ ‎FACT → MECHANISM → VERIFY. ‎ ‎Not financial advice. ‎Save energy and time. ‎ ‎#Delta #USDT🔥🔥🔥 #DYOR #DVA ‎
‎🚨 DVA ALARM #004
‎
‎DELTA: 8% PER DAY. AND WHERE ARE THE MONEY?
‎
‎I received new material from readers.
‎
‎Delta offers:
‎• entry from $10;
‎• 8% per day;
‎• 25 days;
‎• up to 200% payouts;
‎• automatic withdrawal;
‎• a multi-level referral system.
‎
‎The legend is crypto arbitrage.
‎
‎FACT
‎
‎No founder, legal entity, or full-fledged team has been publicly established. No independent audit has been found, confirmed P&L, or public statistics of arbitrage operations.
‎
‎MECHANISM
‎
‎DEPOSIT → ARBITRAGE → PROFIT → WITHDRAWAL.
‎
‎The key link — real profit from arbitrage — has not been publicly confirmed.
‎
‎ALARM
‎
‎A payout to an individual user does not prove the economics of the entire model.
‎
‎VERIFY
‎
‎What’s needed: a legal entity, a team, an audit, trading statistics, and public blockchain addresses.
‎
‎🛑 DVA SOLUTION:
‎
‎DO NOT PUT MONEY IN UNTIL THE PROJECT SHOWS AN INDEPENDENTLY VERIFIABLE MECHANISM FROM WHICH THE 8% PER DAY IS TAKEN.
‎
‎$10 is also money.
‎
‎Let’s not test financial projects with our own wallet.
‎
‎FACT → MECHANISM → VERIFY.
‎
‎Not financial advice.
‎Save energy and time.
‎
‎#Delta #USDT🔥🔥🔥 #DYOR #DVA
‎
🚨 DVA | CYC UNLOCK 📅 October 4 CYC is one of the tokens worth watching this week. 🔓 UNLOCK: • 14.17 million CYC • ≈ $0.98 million • ≈ 9.32% of the circulating supply Why is this important? 9.32% is already a noticeable amount relative to the number of tokens in circulation. But unlock ≠ automatic selling. DVA questions: → who will the tokens go to? → what portion could reach the market? → do the recipients have lock-ups? → what is the liquidity amount? → what happens to price and volume after the unlock? 📌 FACT → MECHANISM → MARKET REACTION. Not financial advice. DYOR. #CYC #TokenUnlock #crypto #dyor #DVA
🚨 DVA | CYC UNLOCK

📅 October 4

CYC is one of the tokens worth watching this week.

🔓 UNLOCK:
• 14.17 million CYC
• ≈ $0.98 million
• ≈ 9.32% of the circulating supply

Why is this important?

9.32% is already a noticeable amount relative to the number of tokens in circulation.

But unlock ≠ automatic selling.

DVA questions:
→ who will the tokens go to?
→ what portion could reach the market?
→ do the recipients have lock-ups?
→ what is the liquidity amount?
→ what happens to price and volume after the unlock?

📌 FACT → MECHANISM → MARKET REACTION.

Not financial advice.
DYOR.

#CYC #TokenUnlock #crypto #dyor #DVA
Article
‎Sometimes the most interesting thing about an investment strategy is not which stocks it buys, but the rule by which itEXCAVO MOMENTUM PORTFOLIO: MECHANICS, PERFORMANCE, AND THE TRAPS OF SYSTEMATIC ROTATION ‎Analytical review of DVA ‎Sometimes the most interesting thing about an investment strategy is not which stocks it buys, but the rule by which it sells them. ‎EXCAVO Stocks is a good example of this approach. The company offers a model portfolio of U.S. stocks from the S&P 500 universe. Officially, EXCAVO describes it as a momentum strategy: the system ranks stocks by price performance, updates roughly a third of the portfolio each month, and does not use value or quality as separate factors.

‎Sometimes the most interesting thing about an investment strategy is not which stocks it buys, but the rule by which it

EXCAVO MOMENTUM PORTFOLIO: MECHANICS, PERFORMANCE, AND THE TRAPS OF SYSTEMATIC ROTATION
‎Analytical review of DVA
‎Sometimes the most interesting thing about an investment strategy is not which stocks it buys, but the rule by which it sells them.
‎EXCAVO Stocks is a good example of this approach. The company offers a model portfolio of U.S. stocks from the S&P 500 universe. Officially, EXCAVO describes it as a momentum strategy: the system ranks stocks by price performance, updates roughly a third of the portfolio each month, and does not use value or quality as separate factors.
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