It was a pleasant day up until Trump posted this on Truth Social.Markets used this an excuse to sell off, amidst the backdrop of a red hot tape, admittedly with certain areas of the market overheated. The SPY dropped 2.68%, QQQ -3.5%, and the IWM shed 3%. There were barely any safe havens outside of...Read More

I have several small caps running right now, since markets have placed them in vogue. One of my favorite story stock small caps is BLZE. This is a traditional CPU powered data center, old school — not the cool GPU sort. However, their new business model is 3rd party storage solutions for AI customers who...Read More

With ~10% cash, we managed +125bps for the session. It is unfortunate to have so much cash during such elaborate and ornate displays of money creation. However, markets do not dip and I have wanted one and have not really received one since April. The lay of the land is one of looming collapse or...Read More

Mid-day The Information came out with a report of scandalous proportions. The Oracle Corporation is reportedly losing $100m per qt leasing their Blackwell chips. On this news, the entire AI space was flooded with sales, ORCL ebbing lower down 7% at the lows. This is of course IMMATERIAL nonsense, less than a rounding error and...Read More

This morning I was greatly chagrined to learn AMD cut a deal with OpenAI, especially since I sold it on Friday. The rationale appeared to be just fine. After all, it was a profit and there was weakness in growth, so why not raise some cash and then get back in later? This mentality has...Read More