No surprise here. We were recently told by the hyperscalers that capex would be +40% in 2026. The only question with NVDA now is whether the bastard bears will force it lower tomorrow, presently +3% in the AHs.NVIDIA beats by $0.08, beats on revs; guides Q1 revs above consensus; Data Center revenue a record $62.3...Read More

We gained +107 bps today in a solid tape, crossed against SPY +73bps. After the close it was revealed cops did not, in fact, create their own body cam software using LLMs. Axon beats by $0.55, beats on revs; guides FY26 revs above consensus; provides FY28 outlook $AXON— The_Real_Fly (@The_Real_Fly) February 24, 2026 Reports Q4...Read More

Some are saying it was the blog post by some Magician called “Citrini” who laid waste to a wide swath of markets today. We have been, more or less, insulated from the type of damage being inflicted to retail presently. There is a chasm between what is real and what is pretend. Today Anthropic said...Read More

1 mo returns for some major ETFsSPY +1.72%QQQ +0.13%SCHD (old man stocks) +10.1%IWM (small caps) +0.8%RSP (equal weighted) +4%TLT +3%XLF (financials) -1.3%XLK (tech) -0.7%DIA +2.3%XLV (health) +0.9%SMH (semis) +6.3%IBIT (bitcoin) -24%GDX (gold miners) +3.3%XLI (industrials)+8.3%XLE (energy) +15%SCHF (foreign) +2.3%XLU (utilities) +7.8%IGV (software) -15.8%KWEB (china) -6.8%XLRE (REITs) +5.2%KRE (regional banks) +7.4%XME (metals, miners) -6.6%XHB (homebuilders) +6%TAN...Read More

Let’s talk about today’s events. GDP missed by a wide margin — -1.8% below expectations, coming in at +1.4%. HOWEVER, much, if not all, of the miss was the result of the govt shut down and -5.1% in govt spending.SCOTUS ruled Trump’s tariffs were illegal, a severe rebuke. He later came out and slapped 10%...Read More