Since it’s all the rage these days, I went back to relive the most reviled time in human history: the dot com bubble and collapse. It was indeed the best of times and the worst of times, cemented in me for as long as I shall live risk aversion to rapidly falling prices. Below are...Read More

This was the ugliest day in months, with high beta strategies off by more than 6%. Dozens of names off double digits, amidst valuation fears on top of forced selling on top of the frothiest names dislocated from reality coming back down to earth.We shed a touch over 1%, thanks in large part to our...Read More

I have been doing a lot of research on the dot com era, a place and time every investor wants to forget if long internet stocks back then. But at the same time, I think it’s important to keep those memories fresh in order to identify warnings signs in today’s tape. I am not suggesting...Read More

After the close AMD just guided up — sending the stock +4.5% in the AHs. For the regular session, it was a rotation day — out of growth and especially anything data center related and into many other facets of the economy. I have been thinking about what I like and what I don’t like...Read More

I did not like the action last week and although we reversed off the 50 on Friday and closed at session highs, I think it’s prudent to exercise some caution here. First off, it was the largest drawdown for markets since April and for the first time we’ve been starting to see markets respond to...Read More