Author Archives

  • I hope I’m wrong. I’m not wrong

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    The Nasdaq100 enjoyed one of those well-timed Friday afternoon rallies (1.9% off morning trading lows) to somewhat ease concerns. Still, Nvidia sank 7.1% this week. Meta Platforms and Microsoft fell 4.1%, and Tesla dropped 5.9%. Microchip Technologies lost 9.8%, AMD… Read More ›

  • Far From It

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    My hunch is Bessent would prefer BlackRock’s Rick Rieder to replace Powell (ASAP). What a super-cycle climax dynamic: Hedge fund and asset management communities unite to demolish and reconstruct the Federal Reserve system (to their and Trump’s liking).

  • Foreshocks

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    Pressures are building. I’m on liquidity and “earthquake” watch. It has that feel of de-risking and deleveraging Foreshocks.