Consolidation day for stocks. We can’t go higher every session. In order to feed the engines with fuel, markets need dry bears for tinder. They burn bright and long. Short term periods of fear and uncertainty often lead to very sharp upside reversals. After the close, we had earnings beats by WELL and LSCC. I...Read More

We managed another +77bps crossed against the SPY of +50bps, now extending alpha to +250bps YTD. Results might vary based upon the size of your accounts, however. Not to poverty shame some of you who simply do not work hard, but if, for example, your account is less than $150k — you can ill afford...Read More

I feel quite comfortable with the blend of risk and growth in the portfolio presently. Seeing it stress tested the past few weeks on the up and downside leads to me believe I should not change much in the interim. All of our investments are cherry picked for a reason, considering both up and downside...Read More

It was the perfect storm to murder the bears, and the plan worked sublimely. Unlike previous squalls, I was quite pleased to see markets behave so stupidly this week — selling off NVDA, AVGO and AMD based off reports that GOOGL and AMZN intended to give them 50% more money this year.After the close yesterday,...Read More

This is the most obscene reason to hit markets of all time. The FUD is the spend at the Hyperscalers. Apparently, they’re spending too much. After the close, AMZN missed EPS by a penny, beat on all other metrics, yet the stock is taken to the woodshed down ~9%.AMAZON SEES 2026 CAPEX ABOUT $200B, EST....Read More