We gained +64bps for the session, more than 4% for the week. Markets are now up for the year and look to be steaming towards RECOURD highs. Missing out on the 10% ripper day will haunt me until my last breath. I can see it now, whole family hovering over me — lying to me...Read More

Today was a very mixed session, with high beta stocks -1.5% for the session, yet low beta +1.8%. This led to a flat QQQ but +46bps for the SPY. We closed about exactly flat. A great man once said, “anyone can make or lose money in a given day — but can you close flat?”Our...Read More

Greetings —The SMH is +17.3% for the month of May and by all measures we are a bit extended here. The problem with attempting to time the top in a bull run is we aren’t privy to future events, just yet. Due to the fact I was traveling all day, I raised a significant amount...Read More

Now with over 85% exposure and little in the way of defensive posturing, we were able to perform well during today’s rally, +140bps for the session. I hate to keep mentioning this — but the end of day collapses are annoying and I’d much prefer if markets ripped to session highs instead.Nevertheless, we have a...Read More

Dan Ives from Wedbush is saying this is a ‘dream scenario’ — full steam ahead towards RECOURD highs. We would characterize the US/China massive tariff reduction from this weekend talks as a “best case scenario” for the markets and tech stocks. We believe new highs for the market and tech stocks are on the table...Read More