The past two days have been up there with some of the most obscene things I’ve seen since doing this. The SPY held up by all of the shit stocks rallying, whilst doom of a biblical manner beset AI, semis and any other company with a growth rate of more than 10%. First the news...Read More

This morning META announced schemes to sell “excess compute”, as a tactic to assuage their investors from being shipwrecked on a daily basis. Markets took this news and hallucinated — conjured up visions of doom — cast the semis down 5.5% and many of the AI stocks even more. We shed 207bps to start July...Read More

Markets closed the quarter/month strong — but SPY still managed a loss in June of -1.3%. BCW, on the other hand, +127bps for the session and +281bps for June — spearheaded, by not limited to, my large brain. We were +53bps over SPY for the session.Moves for the day included booking a ~7% gain in...Read More

With one day left in the month and the quarter, this is how BCW’s returns stand, segmented by levels of poverty.The variance is not punitive. I do not come to work and say to myself “today we will teach those sub 100 kers who is boss” and subsequently remove their gains. This difference is the...Read More

Renewed headlines of war in Iran might put a damper on markets tomorrow, perhaps extending a few days into early July. Should we be so lucky to get 2-3% lower in July, based off seasonal patterns, the play would be to buy.The Nasdaq is 16 years up 1 down since 2009 during the month of...Read More