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More DEI In The Sky

Portfolio Armor's Photo
by Portfolio Armor
Thursday, Feb 08, 2024 - 15:54
A black lady air traffic controller.

Getting Rid Of White Men In Aviation 

In a post last week (DEI In The Sky), we wrote about the outrageous steps the FAA took to hire more black air traffic controllers: 

The Obama administration’s new biographical test was blatantly rigged to boost blacks and hurt whites by leaning in to anti-black stereotypes. From the lawsuit against the FAA filed by the Mountain States Legal Foundation:

…a candidate could be awarded 15 points, the highest possible for any question, if they indicated that their lowest grades in high school were in science…. In contrast, an applicant was awarded only 2 points if they had a pilot’s certificate and no points were awarded for having a Control Tower Operator rating or having Instrument Flight Rules experience…. In addition, one question on the Biographical Questionnaire awarded an applicant 10 points, the most available for that question, if the applicant answered s/he had not been employed in the prior three years. Another question awarded 4 or 8 points if the applicant had been unemployed five or more months in the prior three years. Statistics from the Department of Labor indicate that African Americans had the highest unemployment rate in 2010–2014.

Now Matt Walsh has acquired internal footage showing FAA officials strategizing ways to reduce the number of white men in aviation as a whole (except, perhaps, if that white man is a transsexual). We've posted Walsh's extraordinary X thread on that below. Following that, we'll close with a brief top names update. 

Scary stuff. Let's close on a more positive note with our top names update. 

Top Names Update 

As regular readers know, we post the Portfolio Armor web app's top ten names each week on our trading Substack, and track their performance over the next six months. Here's how our most recent completed top names cohort performed: On average, our top ten names were up 20.98%, versus 10.98% for SPY over the same period. Since we've been posting our top names on our trading Substack, so far, 22 out of 32 top names cohorts have beaten SPY over the next six months. 

If you'd like a heads up when we post tonight's top names, feel free to subscribe to our trading Substack/occasional email list below. 

 

If You Want To Stay In Touch

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on Twitter here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).

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