The numbers are encouraging, returns for the 9 months post mid term elections have been flawless to the upside since 1950. All of this is all good and well, if it weren’t for the specter of nuclear war and an AI trade gone haywire to the downside. All of these stocks are in a downtrend...Read More

The initial foray into fear last night was the “terrible” 40% growth forecast out from AMZN. Sellers laid waste to the stock — dunking on for more than 10%. In the overnight session, futures careened lower due to a one two punch to the face — both INTC and AMZN the bane of our existence...Read More

We shed 34bps for the session — would have been green if not for the pernicious nature of GOOGL. We cut GOOGL loose, most of you for a ~9% profit after the company missed on search ad revs for the second consecutive quarter. In this specific instance, the company is cannibalizing itself and this has...Read More

Not much on the Warsh front, other than a commitment to “fight inflation” and to be data dependent. Odds are another hike is coming in December and then a pause. We gained 34bps, didn’t do much other than brining MU up to 1.5% after those SKHY blowout numbers and we also added to DIA to...Read More

Another up day, made 54bps. We added a little to both TSLA and SPCX, started a new position in A. I don’t have much of a desire to increase portfolio beta much above where it is now, 0.72 — into earnings season.We keep hearing about the 4th inning of this here AI gambit — with...Read More