I have a client who sells chopped meat, surveying his property from atop one his pet giraffes. He sends me negative looking charts and tidings of doom in the not too distant future. He’s a good man, smart, but he likely doesn’t know what the hell he’s talking about.While it’s true the market has gone...Read More

If not for the tariff FUD (fear, uncertainty, and doubt) I’d be 125% long right now. Looking out to today’s sea of green following a rout, it appears to be busting loose. I identified this early and quickly upped our allocation to about 64%, with all day trades at a profit as of the close....Read More

Markets went up today, but the internals collapsed after Sec Bessent said negotiations with China might take 2-3 years — an absurd statement bordering on the ribald. I don’t know why they do 5 pressers per day, with each one of them intent on saying things to jar markets. In spite of all that, we’ve...Read More

I’ve researched decades of data, looking for occasions when markets traded down more than 3 months: extremely rare. After the close, Trump said he would not hardball Xi, would not look to fire Powell, and the 145% tariff would not stick after making a deal.How to read this:The Navarro-Lutnick faction of the Trump admin is...Read More

The non-stop interference by Trump is having a grating effect on Wall Street. Like him or hate him, Wall Street has Trump fatigue — today due to his Powell post calling him a “loser”. I think Powell is being political and feel he should definitely cut rates; but there has to be a better way...Read More