I was watching a Goldman analyst on CNBC describe the history of FOMC cuts with markets at highs and he cited 9 times it had occurred with all leading to higher stocks. Moreover, he discussed market gains from 2009 to present being 75% driven by earnings 16% dividends and just 9% multiple expansion. In other...Read More

We made +73bps but I’m not in the celebrating mood, all things considered. This being the 24th anniversary of 9/11, the gruesome subway killing and now the assassination of Charlie Kirk. That aside, and maybe this is something to remember for future reference — markets are almost automatic on 9/11 anniversaries.Make that 15 of 17...Read More

This remarkable young man lost his life at 31 years of age to an assassin who disagreed with his way of life or opinions. This has become endemic in America — the polarization and de-humanization of people and it only seems to be getting worse. We had been sold on many ideas over the past...Read More

I won’t dress this up. I hated the session. It was as if ORCL and other datacenter stocks sucked all of the money out from the tape and spit names out with reckless abandon. Sure, we made +69bps today — nearly 40bps above SPY — but everything else was drek. I think the reason was...Read More

Last quarter Ellison described how datacenter demand was “insatiable“:Oracle just got an order to take every bit of AI compute they have. Europe, Asia, wherever. Larry Ellison says demand is “almost insatiable.” CapEx is going up and it still won’t be enough. This is the AI infrastructure gold rush. $ORCL $NVDA pic.twitter.com/GZWMJvsUMA— Ben Pouladian (@benitoz)...Read More