This was probably the worst and most sadistic session since April — zero respite, zero bounce. It started off in the morning with some good olde fashioned FUD, the fucks from $OWL pulled funding for an Oracle datacenter. The subsequent result was unimaginable fear — sending the entire AI space into zero bid, airless into...Read More

During any bull market, stocks are likely to go higher ~55% of the time. In a bear tape, ~45%. Below is a series of datapoints, really just me nerding out with statistics. I am sure at least one of you (Truman) will find this to be interesting.YTD hourly market returns. The 9-11am dump out is...Read More

All of the growth / AI names are being flushed. High beta strategies were off by another 2.84% today, following Friday’s -4% drubbing. But it’s not all doom and gloom. The mid cycle reset trade is apparently on, with short end yields coming in and the long end remaining elevated. This has translated into a...Read More

The following are stocks whose 1yr returns are less than their TTM rev growth. In some cases there is extreme valuation contraction due to fundamental change, but in others share prices have languished due to the wide assortment of Pennywise level fear perpetuating in the market for the past year.ticker / company name / 1yr...Read More

I spoke too soon last night because during the AVGO call — the CEO didn’t offer the guidance Wall Street wanted and the stock reversed lower and as you know by now was the standout loser for the session.Things were stable at the open with many a name trending up until news broke by Bloomberg...Read More