I used to summer up in Newport, RI every year for about a decade. It is one of my favorite small towns in America, very ornate and extremely accommodating. About a decade+ ago, Larry Ellison, who’d frequent Newport often with his sailing team, bought the old Astor Mansion, “Beachwood.” The locals were quite upset by...Read More

The market recovered early losses following the latest asymmetrical news of doom, this time out of GOOGL replacing NVDA’s GPUs for their TPUs at META. None of this is likely to have any effect on NVDA sales, but it didn’t stop markets from nailing NVDA for more than 7% this morning, taking with it the...Read More

This hit a few hours ago. BREAKING: Meta is considering Google TPUs for their data centers in a deal that could be worth billions, as per The Information. Looks like Google has stepped into the picture when it comes to selling TPUs vs GPUs now…$NVDA down after hours, $GOOGL hitting all time highs. pic.twitter.com/kSTlQnlwTq— amit...Read More

Good dayA fine way to start off the week, +122bps. The QQQ is right at the 50ma, which is why I kept the token SQQQ position. Other than that, not much to lament over, aside from obvious weakness in ORCL, which only managed +79bps on a day when AI stocks jumped 5%.Moves included booking QCOM,...Read More

It was not a pretty close, in fact it was slop. Nonetheless, I opted to maintain 80% exposure with just a 0.5% SQQQ into Turkey week, in the hopes the Turkey Gods will save us. We managed +67bps, gains about halved in the final two hours of slop. I chalked it up to nervous traders...Read More