We had to close out my daughter’s apartment in Brookline, MA, hire junkers to remove things, sell some stuff to strangers on Facebook market. About a decade ago we vacationed in the idyllic coastal town of Rockport, MA — loved it so much we decided to come here over the Labor Day weekend.Unfortunately, all of...Read More

Here are the numbers.NVIDIA prelim Q2 $1.05 vs $1.01 FactSet Consensus; revs $46.74 bln vs $46.05 bln FactSet ConsensusNVIDIA sees Q3 revs $52.92-55.08 bln vs $53.43 bln FactSet Consensus I am in a hotel room in Boston, here to close out my daughter’s college apartment. The initial reaction for shares of NVDA is slightly lower, by...Read More

In spite of all the tumult and rumors of collapse, market keeps chugging ahead. Bears are interminably forlorn into the amber of their own moronic make up — pretending to see downward channels whilst hanging upside down and looking at their computers.Tomorrow we encroach upon the most important earnings report in American history: the $NVDA...Read More

The importance of this firing, aside from the muhhhh independent aspect of the Fed, is that Trump will soon have majority control of the Fed board, likely to exert his influence to see rates lower. As many of you know from our initial conversations, I have always been a proponent for lower rates, for various...Read More

On Friday upside breadth was 85%. Today it closed at 35%. The losses were concentrated in small caps (-1%) and the Dow (-0.8%) with the SPY closing down -43bps. Our losses about matched the SPY.The last time we had a great breadth upside day was 5/27 at 78% with markets +2%. The very next day...Read More