Markets closed the quarter/month strong — but SPY still managed a loss in June of -1.3%. BCW, on the other hand, +127bps for the session and +281bps for June — spearheaded, by not limited to, my large brain. We were +53bps over SPY for the session.Moves for the day included booking a ~7% gain in...Read More

With one day left in the month and the quarter, this is how BCW’s returns stand, segmented by levels of poverty.The variance is not punitive. I do not come to work and say to myself “today we will teach those sub 100 kers who is boss” and subsequently remove their gains. This difference is the...Read More

Renewed headlines of war in Iran might put a damper on markets tomorrow, perhaps extending a few days into early July. Should we be so lucky to get 2-3% lower in July, based off seasonal patterns, the play would be to buy.The Nasdaq is 16 years up 1 down since 2009 during the month of...Read More

My spidey senses knew something was awry in yesterday’s tape and today we saw one of those annoying rotation sessions, whereby investors plugged growth in exchange for KO, software and travel stocks. Lucky for us, we own EXPE and TRIP. But it wasn’t enough and we shed 143 for the session, about midway between our...Read More

Each morning is, it seems, a market dislocation. Today was no different, whereby all of the ebullience and cheer in the pre-markets immediately turned into a horror show with slashers cutting into unsuspecting morons who bought the opening rip.The reason: markets have inferred that the success at MU comes at the expense of others, chiefly...Read More