It was an easy session with very little in the way of volatility, netting +100bps for the session. After the close, AI semi manufacturer CLS crushed numbers.Celestica beats by $0.09, beats on revs; guides Q4 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus  (301.82 5.20)Reports Q3 (Sep) earnings of $1.58 per...Read More

This is going to remain my main focus: de-bottlenecking. What are the largest obstacle for the AI datacenter build outs?Power, fiber, chips, natural gas, water.Futures are sharply higher following a US-China trade deal. Let’s have a killer week.Read More

Nearly everyone I speak to about this has strong opinions — either thinking it’s the greatest investment opportunity in a lifetime or a bubble. It’s important to have diverse views on this trade, as a whole, lest there would be no wall of worry to climb.I’m of course in the former group — thinking ahead...Read More

We gained +138bps in an illustrious session. After the close, datacenter construction play $FIX smashed numbers and is jogging higher. We have representation via PRIM. Early this morning, shares of BX collapsed, post numbers, taking down the rest of the “private credit” cabal, which is where the frontlines are being fought. The tale of two...Read More

I blame GEV for what transpired today. Here is the recap:GE Vernova Q3 2025 Earnings Call GuidanceProlec GE Revenue: Expected to grow from $3B in 2025 to over $4B in 2028. Prolec GE EBITDA: Expected to grow to over $1B in 2028. GE Vernova Revenue: Trending towards the higher end of $36B to $37B guidance...Read More