It was a great day up until the last 15 mins. Gains decreased from +95 to +53bps as traders sold off risk. I won’t make too much of that — but I will discuss the plight of the consumer, which appears to be dead.ELF -25%DUOL -20%VAC -15%and unfortunately DASH -16%.We had sold some DASH this...Read More

It seems I was a little pre-mature in declaring smooth sailing ahead yesterday. It seems the PLTR earnings and valuation concerns, coupled with Michael Burry declaring a short sale in it and NVDA, has caused quite a bit of angst today, dare I say. Early going it was a plunge and then about an hour...Read More

If there was ever a time to have less angst about markets — it’s probably now through Thanksgiving. I saw most stocks traded lower today and the equal weighted indices down 43bps; but that’s ok. We managed tiny gains of 3bps, but feel good about our positioning into what is easily the best month for...Read More

I subscribe to many different services for research purposes. My favorite type of tool is one that permits keyword searches. I am interested in natural gas companies who have designs to provide power for current or future data centers. This is inevitable. If we want to think 2026-2027, this is where we are heading. Power...Read More

A little house keeping before I get into it. I had to abruptly vacate my former offices since the landlord, who I suspected lead a religious cult, informed me he was $90k in arrears to the building owner and was to be evicted, resulting in all subtenants to be asked to leave as well. This...Read More