It was one of those extremely bifurcated sessions where risk was 100% off, with more than 500 stocks down 3%+, and yet the SPY closed down just 38bps, QQQ -120bps. We managed losses of -70bps, with most of the divergence from the SPY coming in the last hr of trade when the semis took a...Read More

I just got back to Raleigh, after a 3 hr layover in Atlanta — back at home ready for a night’s rest. Markets were dreadful early on but recovered. We took the opportunity to to enter GEV on a dip, as well as adding to TJX, whilst booking at 17% gain in XOM, sold VLO...Read More