Yesterday’s tape was an abomination, today was nearly the inverse of that — with markets up thanks to somewhat conciliatory comments out of Powell, who reminded people that recession forecasters are rarely, if ever, correct. When I look at stocks like HOOD +7% at $42, I am reminded that there isn’t any rush to be...Read More

It seems we were correctly positioned today, in spite of losing a little. Down 34bps in a down 170bps day for the NASDAQ means we missed the tumult and exchanged it for an ordinary day at the office. Before heading for the road, I derisked — selling SPOT, DELL and META. The longer this squall...Read More