A New Kind of Oracle
Yo Pit Crazies, Interest Rates has stopped going down and now stocks are at all time highs! Not every stock is enjoying the rally, read on. The first came off Sibyl, my idea-flow tool that flags when a name inside one of my themes hits a good price. I keep the themes in my head […]
The Safe Haven I’m Leaving
Dear Traders, The market has two big stories right now. One is the rout in bonds. The other is the AI trade. I'll start with AI. On Thursday, Bloomberg reported that Anthropic could start the formal marketing for its IPO as soon as the week of Nov. 9th, which would put it on track to […]
Credit’s Cracking. Why Are Chips Still Up?
Hey traders, It started with bond yields, and now credit's piling on too. Junk bonds can't catch a bid (nobody's stepping up to buy them), and the private credit names (firms that lend outside the big banks) keep rolling over. Small caps are trading like junk bonds, too. Semiconductors keep shrugging the whole mess off. […]
Nobody Stops to Look Anymore
Hey Traders, AI is pulling the market in two directions right now. It's driving a building boom measured in hundreds of billions of dollars, and it's quietly changing how people find things online. Both of those show up in this week's picks. I'm buying a group the market sold like the construction's about to stop. […]
Would You Buy Tesla Before Friday?
Hi Traders, Most people bail on a stock after four straight losing days. I start watching closer, especially when the selling stops at a level I've marked on my chart. That happened Wednesday in one of the most talked-about stocks in the market, two days before a report Wall Street circles every quarter. My other […]
A RARE Opportunity
Yo Pit Crazies, Interest Rates hit another multiyear high and it is dragging down some stalwart names. Read on to see what is going on. The first came off Sibyl, my idea-flow tool that flags when a name inside one of my themes hits a good price. I keep the themes in my head and […]
The Last Time This Happened, Bush Was President
Hey Traders, How long can the market ignore what's going on in the bond market? The 10-year Treasury yield hit 5.21% on Thursday, its highest level since June 2007, when George W. Bush was still in the White House. You'll see people on X and in the news point out that the long-term average for […]
Nobody Pickets This Part of the AI Trade
Hey Traders, The fight over new data centers keeps getting louder. Local opposition blocked or delayed at least 120 projects worth about $198 billion in the first half of this year, according to Data Center Watch. On Sept. 16th, the House voted 417-3 to make the biggest data centers pay for their own grid upgrades. […]
Love What’s Next and Leave What’s Already Here
Dear traders, The Health Care Select Sector SPDR (XLV) is firm, and the Industrial Select Sector SPDR (XLI) looks like death. Barchart put out a chart showing the highest share of negative-beta stocks in the S&P 500 in history. That's stocks moving against the index at a rate nobody's seen in data going back to […]
It Beat, It Raised, and It’s Still Falling
Hi Shoppers, One of this week's names printed a record quarter two weeks ago and raised its guidance for the year. The stock has barely caught a bid since. The other got dumped so hard that investors pulled $3.3 billion out of it in a single week. I'm buying puts on the first one. The […]