Everybody loves to hate short sellers. They’re the “villains.” These are the “pessimists.” They’re the ones “betting against America.” But if you’re actually trying to make money instead of just sharing opinions, you should be grateful that short sellers exist.…
The first quarter is in the books. This is when I lean hardest on what I already know works. Zooming out isn’t optional. It’s the closest thing we have to a cheat code. Prices trend. That’s not an opinion. And…
Are you surprised stocks aren’t down more? Because if you’re just following the headlines, they’ll tell you things are breaking down everywhere. Bear market. Risk off. Get defensive. But when you actually look under the hood, it’s a different story.…
My friend Ari Wald put something on my radar this weekend that I haven’t been able to stop thinking about. Most people hear “buy the dip” and immediately look for whatever just got hit the hardest. The problem is, a…
For most of my career, biotech was an automatic “no.” It wasn’t worth the headache. I don’t understand the science. I don’t understand the drugs. And I’ve seen what happens when people convince themselves they do. Early on, some of…
Everybody spent years telling you rates only go one way. Down. Central banks have your back. Bonds are safe. Duration is your friend. Just sit there and let the math work. Then something funny happened. The Fed finally started cutting…
This is the game. You can sit there and complain that insiders are trading ahead of a tweet. Ahead of an announcement. Ahead of whatever headline you didn’t see coming. Or you can grow up. Because this isn’t anything new.…
Your best players are supposed to lead the way. That’s how winning works. In sports, in markets, anywhere performance actually matters. The stars show up, they produce, and the rest of the team follows. When that’s not happening, you’ve got…
If the Dow Jones Industrial Average is Michael Jordan, the Dow Jones Transportation Average is Scottie Pippen. You don’t get all those banners without both of them. You don’t get dynasties with just one guy putting up numbers. That’s what…
I’ve built an entire framework for approaching the market around the idea that everybody’s wrong. Everybody is wrong about something at all times. This isn’t an occasional thing. It’s constant. That’s the opportunity. That’s where the edge comes from. That’s…
In 2008, I started writing every day just to keep my family and friends in the loop about what I was seeing at work. At that point, I had already earned my CMT designation and had a few years of…
Sector rotation is always happening. That’s the market doing its job. Sometimes it shows up during healthy uptrends. Sometimes it shows up near major tops. The difference is in the direction of that rotation. This is what we track every…
