This remarkable young man lost his life at 31 years of age to an assassin who disagreed with his way of life or opinions. This has become endemic in America — the polarization and de-humanization of people and it only seems to be getting worse. We had been sold on many ideas over the past...Read More

I won’t dress this up. I hated the session. It was as if ORCL and other datacenter stocks sucked all of the money out from the tape and spit names out with reckless abandon. Sure, we made +69bps today — nearly 40bps above SPY — but everything else was drek. I think the reason was...Read More

Last quarter Ellison described how datacenter demand was “insatiable“:Oracle just got an order to take every bit of AI compute they have. Europe, Asia, wherever. Larry Ellison says demand is “almost insatiable.” CapEx is going up and it still won’t be enough. This is the AI infrastructure gold rush. $ORCL $NVDA pic.twitter.com/GZWMJvsUMA— Ben Pouladian (@benitoz)...Read More

Markets mailed in a flaccid day but we were entreated to some ribald gains, booking +105bps for the session, +82 over the SPY. It feels like an eternity going through several sessions without something asymmetrical happening to me. But alas we are here now and steaming higher.Gains were largely attributed to HOOD +15.5% after being...Read More

There is not a more important question than the current yield of treasuries and the direction in which it is heading. Let’s lay out the bull and bear scenarios.CASE FOR LOWER RATES:Inflation has moderated to the point that job market softness outweighs the dual mandate importance, demanding immediate action by the FOMC.Although debt burdened and...Read More