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

It’s either the end of the world or a great buying opportunity. It has always been the case since as long as I’ve been trading. Markets slid lower today amidst outsized moves in various growth names and I know it’s daunting and it never feels good when sliding; but it’s likely temporary. We are 1%...Read More

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