Everybody’s Wrong

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…

Founder’s Note: It’s fair to say one of the reasons we have so much energy exposure in our model portfolios is that we saw the move coming.  As we learned the last time Jason Perz checked in, the move has…

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…

When it comes to technology stocks, the conversation always seems to go in the same direction. Software. Semiconductors. Maybe a little AI sprinkled in. That’s where the spotlight is. But what about the other side of that trade? What about…