Over 300 stocks traded down more than 3% today, with most of the bloodletting inside the frothiest of sectors: nuclear, degenerate AI, flying cars, China, AI utilities, and gold. Peering out to the most popular stocks you’d think markets were down big today. Au contraire — the rotation was nearly perfect and the SPY closed...Read More

We have a 1% sized position in EOSE, up 30% from basis. The stock is trading ~$15, was recently $18, but may in fact trade much higher over the next year, amidst some volatility. The potential downside could come from dilution and/or general sector decline, or perhaps yanking of govt tax subsidies. However, all things...Read More

Looking ahead and into 2026 it’s clear the AI narrative will dominate. The only question is — who will be the main beneficiaries and is there anything that is going to shift to create outsized winners? My thoughts and research on this is 3rd inning, so a little back of the envelope; but I’ll share...Read More

Good afternoon gents/ladiesOn Friday morning markets were in a bit of turmoil after SOFR rates rose above Fed Funds rates to perpetuate Zerohedge to tweet and post at a frantic pace that the “plumbing is bad” and we were, once again, on the verge of financial armageddon. Let’s not stand on sentiment here and clearly...Read More

It was only a matter of time before some sort of FUD hit the tape and today we got with via JEF and regional banks. JEF slid more than 10% and KRE nosedived by 6.3%.This all stems from Jefferies losses with First Brands, applying pressure to credit and today we got news out of WAL...Read More