Both August and September are the only two months of the year which post an average loss over the past decade, two decades, three decades plus. You can view them in two different ways.Months to avoid and/or be cautiousMonths to be advantageous of potential dipsLet me explain why.If those two months are peak trough months,...Read More

Right out the gates markets ebbed to the downside, save META and a few others. The sell the news crowd was out in force and we ended up down 46bps, an awfully anti-climatic session. I hate these more than anything; but know from experience that I shouldn’t respond too harshly to markets doing what markets...Read More

First let’s discuss VRT numbers, out this morning.Vertiv beats by $0.12, beats on revs; guides Q3 EPS in-line, revs above consensus; raises FY25 guidance  (142.70 +0.15)Reports Q2 (Jun) earnings of $0.95 per share, excluding non-recurring items, $0.12 better than the FactSet Consensus of $0.83; revenues rose 35.1% year/year to $2.64 bln vs the $2.35 bln FactSet Consensus. Orders momentum remained...Read More

Rough day on Wall. Over 230 stocks knifed lower by 3% or more, several of which we’re long. The big one was SPOT, dropped ~10% following an earnings miss. Reports Q2 (Jun) loss of €0.42 per share, may not be comparable to the FactSet Consensus of €1.98; revenues rose 10.1% year/year to €4.19 bln vs...Read More

I spent some of my afternoon catching up on screens and notable conference calls. The one that stood out was FIX — execs practically giddy on the call — elated about the good times in construction especially when it comes to datacenters. One made a joke about any job that rhymes with “datacenter” is a...Read More