[MY POSITIONS](https://preview.redd.it/i247zbziwtte1.png?width=1284&format=png&auto=webp&s=fea05a19d00c7074670355a76cd252952692f542)
*TLDR : LONG the Apparel/Footwear sector. Particularly: Vans, Nike, Adidas, Puma, Lululemon, Calvin Klein, Crocs, Decker you name it.*
Few points on why I'm extremely bullish on the apparel sector as of today:
1. On talks of the reshoring of jobs, SWEATSHOPS are the last thing they would want. Someone correct me if I missed it, but I haven't heard anyone from the White House talk about bringing back the textile industry. It’s all semiconductors, autos, steel—high-tech or heavy industry. Apparel/footwear likely will end up getting a very light tariff or even a pass after Vietnam bends the knee and buy BOEING jets and treasuries.
2. Bessent’s already hinted these tariffs are the ceiling, not the floor—negotiations will bring them down. **Vietnam's Deputy Prime Minister is scheduled to talk to Bessent today**. And later-on executives from Boeing/Apple etc. Apparel/footwear’s taken a HUGE hit because Vietnam’s because these companies spent CAPEX to build manufacturing there to dodge those China tariffs. This broad based 40% tariff will end up causing US companies to pay their share.
3. On inventories, Levi’s CEO said two days ago guided next quarter’s gross margin steady. Why? Summer inventory’s are currently already in the US. **Most apparel companies have a 2-4 month lead-time before they have to reorder from Vietnam, Cambodia, or Bangladesh**. If negotiations wrap up in the coming 3-4 weeks, it’s back to business—no disruption.
4. Bond Yields Screwed the Macros. US 10-Year jumped from 3.9% to 4.4% in two days—probably smoked a few macro funds. Trump has repeatedly talked about lowing the 10Y and China retaliating isn't helping. The expedites the negotiations, it has to happen NOW or someone has to fold soon --- either the FED, US, China or the economy.
5. And the cherry on top of all is the tariffs spooked consumers into panic buying. Next quarter’s YoY numbers will look juicy. All predicated that Vietnam bend's the knee, which I bet they will for most things.
There's other things like 2026 Nov Mid-terms election (which Trump wants to declare massive victory), and massive tax-cuts and deregulation to be bullish about, but i'll leave it for another day when it comes.
Downside:
A natural calamity totally wipes humanity out, and we return back to the ocean, reuniting with nature. At least you could claim you had the balls to buy the DIP.
\*\*How I am playing this :\*\*15000 shares on VF Corp (Bracken Darrell is the man, Vans Warped Tour is back and Nettspend fucking rocks)
50 Jan 27' $15 CALLS on VF Corp (roughly 10K USD)
My call spreads targeting a 40% move by November, have yet to fill so will not add it here.
NOT FINANCIAL ADVICE. THIS IS A CASINO. I'm JUST a INVESTOR that likes to SKATE