The S P 500 hit another all-time high yesterday. CNBC is celebrating… Bloomberg is throwing confetti… Meanwhile, I'm watching the most dangerous setup I've seen in over three decades of trading. Money managers threw everything they had at big tech yesterday. They sold healthcare, dumped REITs, aband
The market hit new highs today. Your portfolio probably looks great. Your money manager is patting himself on the back. Now fire him. Look, we're not trading the S P 500 anymore. We're trading the S P 10. Money managers have thrown out the entire playbook. No research...No fundamentals…No rotations…
When a 24-year-old gets offered $250 million to write code, you know we're living in a bubble. Meta just offered some kid a quarter billion dollars to help run their AI division. This is your "shoeshine boy giving stock tips" moment for 2025. Every bubble has its iconic warning sign. This is ours. H
Goldman Sachs has just declared that we're in a "postmodern era" where fundamentals no longer matter. They're telling you to trade with algorithms and ignore value. That's garbage! I've been trading for 38 years. I've seen this movie before. When Wall Street starts saying "it's different this time"
Here's the dirty secret about passive investing that nobody wants you to understand: when you buy an S P 500 index fund thinking you're diversified across 500 companies, you're actually making a leveraged bet on two. Microsoft and Meta now represent such a massive portion of market cap-weighted indi
My trading times are changing for the rest of the summer - sort of. I’m going to be in Europe for several weeks, and I must say, I really enjoy having my mornings and early afternoons to do as I please before I get down to business going into the opening bell. But those of
When two stocks are holding up the entire market, that's not a sign of strength—it's a sign of strain. And “strain” always gives way to “snap.” Let's be clear about what we're witnessing: this isn't a healthy market. It's not broad-based leadership. It's a fragile structure built on the narrow suppo
If you get killed on earnings and you're not protecting yourself, you should be learning from someone who knows how to hedge properly. Let me show you exactly how I handled Merck yesterday - this is textbook risk management. I sold half my Merck position at $84 yesterday. Then I bought puts for abou
Money managers have broken the market. They've stopped doing research. They're all rotations, algos, and call options. That's your entire market right there. And while this algorithmic circus has created a rush to artificial peaks, I'm telling you straight: we've reached the point where you're just
