Congratulations my hamburger eating Americans. We got past the holiday for gourmands and into the thick of it, America’s true pastime: spending inordinate amounts of dollars on junk to later fill the garage, stored in neatly packed clear bins. We managed well, +81bps, fully invested. I just had some leftovers and am watching Ken Burn’s...Read More

As many of you know, I am a master chef. I am taking a short break from mastering dressings, Mac n Cheese (traditional French recipe) and a large brined turkey to post a chart of returns for the market per decade. It really does an eloquent job of smoothing things out and offering perspective.Interpret it...Read More

Lads, Lassies, The Turkey Gods did not disappoint. We managed +96bps in relatively calm trading. There was the olde late day COLLAPSE, as is customary in almost every single session now. But aside from that, all is well.The Stocklabs algos just skyrocketed to overbought territory, but the data is strong for continuation.5 year backtest on...Read More

I used to summer up in Newport, RI every year for about a decade. It is one of my favorite small towns in America, very ornate and extremely accommodating. About a decade+ ago, Larry Ellison, who’d frequent Newport often with his sailing team, bought the old Astor Mansion, “Beachwood.” The locals were quite upset by...Read More

The market recovered early losses following the latest asymmetrical news of doom, this time out of GOOGL replacing NVDA’s GPUs for their TPUs at META. None of this is likely to have any effect on NVDA sales, but it didn’t stop markets from nailing NVDA for more than 7% this morning, taking with it the...Read More