For the week, secular stocks gained 3.5%, basically old man stocks like Tootsie Roll (TR) and Jelly preserve (SJM) stocks went up. Investors tripped over themselves to get involved with CANNED SOUP plays, via CPB. TLT was barely up (+0.5%), which denoted investor fears of stagflation still persists and the Japanese yen rose +2.25% with...Read More

Gents, Ladies,I was out most of the session traveling to Florida, the land of morons and Bucc-ees (apologies to my FL clients but you know I am right). Whilst en route (we were driving), markets careened lower, which is typical for me whenever I travel. For those who have read me over the years knows...Read More

The frustration I felt the past few days was more of a precursor to this fucking day. Am I still allowed to curse? On the surface, what a nothing day, both the SPY and QQQ down about 50bps — what’s all the fuss about? But then you look at GS down 5%, JPM down 4.5%,...Read More

I was looking forward to the session, feeling good about my positions. In the pre-market DVN beat sending shares up 10% and I felt even better. WING missed and dropped 7%, which tempered my mood; but then I felt slightly better due to it being just a 1% position. Then our newly acquired AXON caught...Read More

For the second session in a row, the action was somewhat listless, with notable action in an odd array of stocks like INTC and ironically data center stocks. There is churn in the tape, which makes is difficult to assess trend from bump. Sometimes morning dips are bought in certain stocks, at other times not....Read More