Today I will subjugate my family to watching Hamnet together. I first saw it on our trip to Japan and was stunned by it. Fair warning, you will cry during it and if you do not cry — it might mean you’re an android or some other form of post humanoid.I typically like to grill...Read More

Good Day — I am happy to report gains of +151bps for the session, +47 over SPY. It had been a lot more over SPY but some oddball shenanigans took place 5 mins before the close — looked like index rebalancing boggings in several holdings. YTD we are now approaching gains of +21%, of course...Read More

I really like the new Fed chair, in spite of the market sell off he caused through his hawkish tones. Markets, as per usual, shot first and never asked any questions, sending the SPY and QQQ tumbling post meeting. We shed just 18bps for the session, +107bps over SPY — now putting us +269bps over...Read More

On the whole, investing is a choice between risk and comfort — the pursuit of opportunity crossed against the transom of fear. We can either lean into it or recoil from it. Most of us, in our respective professions, lean into opportunity in the hopes of a pay off. There are some who only reside...Read More

Gents, LadiesFirst off, we managed well again +183bps for the session, pushing YTD gains above 20% — at or very well near recourd highs. Markets were not uniformly great today, with breadth in the sub 50% range, partly due, I think, to the fact that rates are not moving lower.For this really to extend into...Read More