The Scary Selloff That Wasn't
Semiconductors just had their worst two-week stretch of the year, down about 25%. Zoom out and it barely dents a rally that ran for
Everyone's Down But the Index
Micron is off 25% from its high, Microsoft 27%, SanDisk 31%, SpaceX 33%, Netflix 45%, Oracle a brutal 60% — and yet the S&P 500
Growth Note — Value (IVE)
If value’s turn comes, you’ll want to already own it — at a discount, with a cushion.
Growth (IVW) trades at ~30x earnings; value (IVE)
Stocks Ate Your House
For the first time on record, US stocks are a bigger slice of household net worth than real estate. Americans' wealth now rises and falls
The Long Bond Cracks 5%
The US 30-year Treasury yield is back above 5% (5.08%) — a level it hasn't sustained since 2007. In just a few years, America's long-term
Buffered Growth Note — RSP (Equal Weight S&P 500)
How to stay long the market without being all-in on AI.
Owning the S&P 500 today is a bigger AI bet than most
American Exceptionalism
America has 5% of the world's population but a quarter of its GDP and 60% of the 100 most valuable companies on earth. On its 250th
Humans just press enter
Its not just Coders....adoption for Open AI's codex platform is sweeping into every profession
Source: OpenAI
A Trillion Dollars On
Worst-of Growth Note — Gold & Silver
Is protection worth revisiting while it’s on sale?
Nearly everything sits at or near record highs — the S&P 500 is just 1.4%
Twenty-Three Trillion Printed
The US money supply has exploded to a record $23 trillion — a near-vertical climb since 2020. There has never been this much money
Income Note — Tech Leg Swap
On an income note the coupon grabs the eye — but downside risk is what actually matters, and the tech leg you pick is what drives it
I'm sure I would have held it all the way..
A $100,000 bet on SanDisk one year ago would be worth roughly $7.2 million today — the stock is up about 7,000% as
