After the close AVGO reported solid results and guided up. The CEO is renowned for sandbagging on the call, so let’s see how it rolls.Broadcom sees Q2 sees revs approx $22.00 bln vs $20.50 bln FactSet ConsensusAgain, and at a minimum, these results reflect a robust environment for semiconductors and AI datacenter demand.We closed +81bps,...Read More

We got the sell off we were supposed to get yesterday today. The silver lining is we traded substantially off the lows, but still a rough session. We traded down -157bps crossed against SPY of -90. We had particular difficulties due to our foreign cadre of holdings, semis and materials.The SMH traded down 3.7%, XME...Read More

NASDAQ futs were -500 when I went to sleep, after reporting all of the wonderful news. It looked like oil would jimmy higher, but all else fall by the wayside. It turns out, as per usual, markets don’t really mind war, not one bit. But having said that and before we celebrate in a most...Read More

We are in a familiar situation, aren’t we? America has been at war for as long as I can remember, always for a different reason and it always appears to be the worst war ever…until the next one. The most frustrating part about these incessant wars is our lack of agency as a people, seemingly...Read More

I have company over from NYC and Mrs. Fly booked us tickets to see Scream, so this will be brief. I have much to discuss and will do so this weekend, review the month — talk about optimization. We shed 59bps against the SPY -48bps, ended up positive for the month, crossed against both the...Read More