We turned Friday’s frown upside down. Markets defied the pangs of 1929 styled collapse and jogged on higher today, in spite of all of the doom and gloom. I have never seen a more hated market at recourd highs. We gained +185bps for the session, held back by 10bps on the QID hedge and another...Read More

Let me run through the headlines.*GREER ON TARIFFS: THINK WE’LL SEE MARKETS CALM IN COMING WEEK *GREER: TRUMP CONTINUES TO HAVE GREAT RELATIONSHIP WITH CHINA XI*VANCE: TRUMP WILLING TO BE REASONABLE NEGOTIATOR WITH CHINA *VANCE: TRUMP HOPES US DOESN’T NEED TO USE LEVERAGE ON CHINA *VANCE: WE APPRECIATE FRIENDSHIP TRUMP DEVELOPED WITH CHINA’S XIOn these...Read More

It was a pleasant day up until Trump posted this on Truth Social.Markets used this an excuse to sell off, amidst the backdrop of a red hot tape, admittedly with certain areas of the market overheated. The SPY dropped 2.68%, QQQ -3.5%, and the IWM shed 3%. There were barely any safe havens outside of...Read More

I have several small caps running right now, since markets have placed them in vogue. One of my favorite story stock small caps is BLZE. This is a traditional CPU powered data center, old school — not the cool GPU sort. However, their new business model is 3rd party storage solutions for AI customers who...Read More

With ~10% cash, we managed +125bps for the session. It is unfortunate to have so much cash during such elaborate and ornate displays of money creation. However, markets do not dip and I have wanted one and have not really received one since April. The lay of the land is one of looming collapse or...Read More