Markets meandered today — with semis taking a healthy breather. We closed down 17bps, a little worse than SPY — which is to be expected on occasion. We had rippers in IREN and DELL in the AHs and the only move we made was starting BLZE at 0.5%. If you recall this was a name...Read More

Once upon a time whenever I’d go on vacation, my readers would notice markets would crater into dust. However, ever since I ventured to Santa Barbara last year, my celestial luck has turned for the better. We made +138bps today, 66bps better than SPY — with cash levels over 15%. Today’s moves included nibbling on...Read More

After 4 nights in Tokyo we took a sojourn up into the volcanos to a place called Shima Onsen — a hot springs curative resort in the middle of nowhere. Some of your children might know the place from the anime movie Spirited Away. Without question, this was a great experience and I took to...Read More

I just came back from 17th century Japan, a high scale eatery nestled in the Ginza section of Tokyo — extremely well decorated and hosted by women all clad in the most traditional attire possible.Let me just say, these were some of the sweetest people I’ve ever met. In fact, Japanese people on a whole...Read More

We’re a touch off our recourd highs, clocking in today at +73bps, or +33bps over SPY. YTD gains now above 15.5% and maintaining a +6.5 over SPY — better than +4% for May.Today’s moves includedClosing out BABA for -2%, starting MTZ, which has been haunting me ever since I sold it. I got to buy...Read More