We’re still in NYC, now celebrating my daughter’s 23rd bday. We had gains of ~126bps, about 49bps better than SPY. It was a bit off our highs of +180bps around noon, but we retrenched after some of the recent flyers like NBIS and IREN pulled in and fell.No worries. I have very strong convictions about...Read More

After hours INTC posted some truly blockbuster results, far exceeding even the most bullish forecasts. It’s important to note what was said during tonight’s call, with regard to CPUs. $INTC CEO: “The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is...Read More

GREETINGS FROM NYC!We had great earnings out from LRCX and NOK. Markets are flattish — but we are +66bps and rising. I think much of this rally continuing has more to do with earnings than Iran. Last night there were UNSUBSTANTIATED rumors by 3rd tier X accounts of resumed bombing in Iran and that sent...Read More

The only thing that stops me from making it larger is the recent run up. God willing, we can see some retrenchments in some of my favs in order to bulk size them. We started a new position in ARM today and the CPU narrative is a core idea of mine. There is a shortage...Read More

Upon resolution of today’s decline, I was immediately beset by messages of doom — panicans worried about the future that has yet to materialize — as if TRAPPED inside of a CAR short position. We gave back 57bps for the session, ending our great big beautiful winning streak thanks to rising oil and the specter...Read More