This is not a victory lap; because we are not even close to being done here. However, before the weekend settles in and everyone is out to dinner, I’d like to remind you that to panic in the face of moderation is to shrink from one’s duties as an investor. This just in from $MSFT:Microsoft...Read More

I thought this was interesting, hard to make a bear case with numbers like this. Note that $AMZN is categorized as “services” inside Stocklabs, which is why sales are so high for the sector.Aggregate revenues for tech was +9.3% (not all of Q4 data is in); hence the PE of 27x.Where do valuations stand on...Read More

I am not exactly sure if we are ‘out of the woods’ after this bastard of a session; but it feels good to have beaten the socks off the market for the first day of 2025. Early on, Elon tried to murder us with bad numbers and although I am a big fan of Tesla,...Read More

In light of the cash position I’ve been holding, I am intending to sweep some of it into an interest bearing fund, but need to do so in a way that will not disrupt trading operations. Trade +1 makes it much easier to navigate but in very volatile tapes where larger hedges might be needed,...Read More

Before I get into the market, I’d like to wish all of you a Happy New Year’s, with tidings of continued success and happiness into 2025. Starting early 2025 Based Capital Wealth will be onboarding Mathew Richard as a new IAR to assist me with day to day operations and research. Some of you might...Read More