Selling into any sell off, no matter how moderate, has been a losing gambit since May. In other tapes, we give and we take, creating ranges and consecutive trading days abiding by upward or downward momentum. Not this tape. The miraculous V shaped recovery amidst barely any volatility has been consolidation only, never trending down....Read More

Nearly every morning we get faux collapses, markets careening lower amidst the bears from X clamoring for more — heavily pointing out the bubble nature of the tape and how things simply cannot continue higher, up until things reverse around lunch and launch higher.Today was a listless day for the SPY, just +4bps, but we...Read More

Hello gents, ladies —We have a new compliance officer at BCW and she recommends, for the sake of NC regulators, we re-paper with new fee agreements to include various passages all important to the great state of NC. This has no bearing on our business or fees or anything at all, other than the need...Read More

We closed the month better than +6%, now in a strong position to start tacking on some gains into the best part of the year. Today was a little weak (-0.15%) due to banks and some tech taking the day off — but I like our positions. I did a little risk management in the...Read More

Good Day,We managed +81bps for the session, taking back some alpha which was stolen from us on Friday, now holding ~10% cash. We had a massive breakout in shares of HOOD, after the CEO said the gambling vertical is crushing. We also enjoyed outlandish wins in COIN, DASH, GLD, IBKR and several others. I did...Read More