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

As many of you know I’ve always liked to play both sides of the market. Some might say I used to thrive in downward spiraling tapes. It still greatly chagrins me for having missed the early tariff fires, causing me to be in a diminutive position for most of the year. There have been many...Read More

Good Day —No worries, we made 37bps for the session and overall the indices looked somewhat benign. But the pin action beneath the surface was anything but, following comments by Powell suggesting rate cuts for December are not a foregone conclusion.This had a deleterious effect on three segments of the market — all of whom...Read More