It was a rip and reverse sort of day, most of which I spent en route from Princeton, NJ to Westchester NY to see my Mother and Mrs. Fly’s Mother. After this we have one last sojourn into Boston late August, after which I endeavor to never travel again.We finished up nearly 30bps for the...Read More

Back in 2020 I started to accumulate ETH, blogged about doing so at around $235 and as low as $110 during COVID, implementing a plan to keep buying it every month for a year. As fortune would have it, it went on a giga-run to $4700. Since then I haven’t been too interested in cryptos,...Read More

Breadth clocked in at 70% and cryptos are busting loose. Small caps led the fray, with ribald moves in many micro-caps, leading many to ponder if things are getting frothy. It is impossible to know for sure when markets will top out on an intermediary basis. Naturally it will, at some point, take a breather....Read More

At 10:55am this news story broke.Markets responded unkindly, with a quick 100bps shaved off the Qs, gold spiked and yields spiked. It was much more relaxed than I thought, given the news of the FOMC losing its independence. Nothing had been done per se, but markets were attempting to price it in and the only...Read More

The CPI came in a tad hotter than expectations into what was already a strong pre-market thanks to NVDA being greenlit to sell AI chips again to China. The net result was everything down save a handful of semis and AI related names. Market breadth came in at just 19%; but due to relative strength...Read More