The frustration I felt the past few days was more of a precursor to this fucking day. Am I still allowed to curse? On the surface, what a nothing day, both the SPY and QQQ down about 50bps — what’s all the fuss about? But then you look at GS down 5%, JPM down 4.5%,...Read More

I was looking forward to the session, feeling good about my positions. In the pre-market DVN beat sending shares up 10% and I felt even better. WING missed and dropped 7%, which tempered my mood; but then I felt slightly better due to it being just a 1% position. Then our newly acquired AXON caught...Read More

For the second session in a row, the action was somewhat listless, with notable action in an odd array of stocks like INTC and ironically data center stocks. There is churn in the tape, which makes is difficult to assess trend from bump. Sometimes morning dips are bought in certain stocks, at other times not....Read More

When DeepSeek revealed their results several weeks ago, it also revealed that I was far less diversified than I originally thought. The shocking drawdown is still with me and it manifests itself in my trading. I never want to endure something akin to that again and part of that means placing trends ahead of convictions....Read More

To get rates down…The economy must weaken, so that inflation can come in.The govt is the largest employer. The govt is also, apparently, the largest provider of grift. By cutting the fat and lessening the grift, Musk says we can reduce the deficit by 50% and with the planned tax breaks and stimulus, boost GDP...Read More