What we like to do is find massive divergences between what investors think should be happening and what’s actually happening. We came into the year looking for a U.S. Dollar rollover, as investors all over the world just assumed the…
There’s a big misconception I’ve noticed among the public, and it’s getting worse. For some reason, people forget CEOs work for shareholders. The job of a CEO is to increase shareholder value. Period. The CEO does not work for employees.…
Something that often defines your approach to markets is how you came up in the business. You meet people who started just before the crash of ’87 who are always looking for another Black Monday. Maybe they came in when…
Everybody’s wrong about tequila. Drinking too much tequila around the Fourth of July in 2016 got me uber-bullish. Let me take you back, to much simpler times, when I didn’t have any children and it was just me and my…
Contrary to popular belief, the market doesn’t move based on fundamentals. Asset prices move based on positioning, or a lack thereof. In other words, we know for a fact that prices are not necessarily driven by the underlying “fair value”…
Have I told you about that time Sean and I got kicked out of the Tokyo Stock Exchange? I’ll save that story for another day. But I will say this: The coolest part about the Tokyo Stock Exchange is not…
Humans are always looking for ways to hack the system. It’s perfectly natural. We’re efficient animals who can multitask without even realizing it. How many times have you driven your car home while thinking about a million other things. And…
Not too long ago people were telling me how easy it was to get 4% to 5% “risk free” investing in U.S. government bonds. “But JC, why would I buy stocks when I can just get my guaranteed 4% and…
One of the most historic short squeezes I’ve ever seen in my 22-year career actually came this cycle. Short-sellers were running rampant throughout 2022. The majority of stocks peaked in 2021, and the selling continued throughout the first half of…
Every big move you see in the market is some type of squeeze. When a stock is up 10%, 20%, or even more in a short period of time – and it happens many times – someone is blowing up. …
