As per regulations (privacy statement and ADV 2a must be sent to clients annually), attached is BCW’s updated ADV. The only material change has been AUM and number of clients. I also attached our privacy policy. Should you have any questions, please feel free to contact me.20250131 ADV Part 2A Based Capital Wealth LLCDownload20240910_PrivacyPolicy_333173_Based_Capital_Wealth_LLC (2)DownloadBCW...Read More

For once the rally was able to stick, as we were entreated to a genteel session, bereft of SHOCKING and SURPRISING tariff news. The QQQ finished +1.22%, SPY 0.68% and we finished strong and powerfully +120bps. Year to date gains quickly encroach upon +7% with alpha of +408bps above and beyond the thin and paltry...Read More

Markets are barely up for 2% for 2025. Elsewhere, there are elaborate bull markets. Observe.And here is our tape, filled with indecision. Overall, as investors, we have been spoiled rotten. Here are the monthly returns for QQQ since 2010.The month of July is 14-1, with an average return of +4.21%. If you went away in...Read More

I have a lot to say, so this is going to be all over the place.The Amazon call last night was phenomenal. The CEO Andy Jassy said, in reference to his $100b capex for 2025, it was a ‘once in a generation’ investing opportunity, best since the internet was invented. They are all in. We...Read More

Much of what this earnings season is about is to determine if all is well with MSFT GOOGL AMZN and META. We all want to know if capex is on schedule in order to allay the DeepSeek fears. With the Amazon numbers out, it appears all of the hyperscalers are proceeding as previously scheduled, perhaps...Read More