Let’s talk about today’s events. GDP missed by a wide margin — -1.8% below expectations, coming in at +1.4%. HOWEVER, much, if not all, of the miss was the result of the govt shut down and -5.1% in govt spending.SCOTUS ruled Trump’s tariffs were illegal, a severe rebuke. He later came out and slapped 10%...Read More

Not sure how many of you are aware of the absolute cataclysm in the retail (X, Reddit, Moronic web) favored stocks over the past 3 months. But it has been profound. The good news is — a good cleaning out of froth and weak hands is always good for longer term sustainable growth. The downside...Read More

YTD the winners and losers are in the extreme – with ~35% of stocks with market caps over $5b up 10%+ and about 8% of them down more than 10%. There are 152 tera cap stocks (caps over $100b), of which 69 are up 10%+ YTD and 29 down 10%+. Some of the biggest losers...Read More

Wars come and go. Presidents come and go. Amazon keeps growing. There is going to be a lot of noise the next week, as the US positions itself to engage Iran. Do we want this war? Of course not. Does our voice mean anything? No.The bigger question is — will a war with Iran tank...Read More

The media is doing its best to instill maximum fear into an already fragile investor class, promoting far flung tales about AI bubbles amidst deleterious drawdowns in most of the main players in AI.It really is a minefield out there with scorching declines in a number of names. Some YTD losses in former hot large...Read More