Greetings —The SMH is +17.3% for the month of May and by all measures we are a bit extended here. The problem with attempting to time the top in a bull run is we aren’t privy to future events, just yet. Due to the fact I was traveling all day, I raised a significant amount...Read More

Now with over 85% exposure and little in the way of defensive posturing, we were able to perform well during today’s rally, +140bps for the session. I hate to keep mentioning this — but the end of day collapses are annoying and I’d much prefer if markets ripped to session highs instead.Nevertheless, we have a...Read More

Dan Ives from Wedbush is saying this is a ‘dream scenario’ — full steam ahead towards RECOURD highs. We would characterize the US/China massive tariff reduction from this weekend talks as a “best case scenario” for the markets and tech stocks. We believe new highs for the market and tech stocks are on the table...Read More

Greetings from Boston —My daughter graduated from Emerson college today to pursue a career in the arts — perhaps film or music marketing (no job as of now). This is my second child who has graduated and I have one left — ANTIFA FLY who is a junior but wants to become a lawyer —...Read More

We have friends coming over from NYC tonight because we’re going to see comedian Shane Gillis in Raleigh. I’ve never been to an A lister comedy show — so I’m looking forward to it. In my younger formative years, I worked myself to death and was busy raising three children from the age of 21,...Read More