Everybody’s Wrong

Nike (NKE) is getting absolutely destroyed. In November 2021, the stock traded as high as $179.10. On Friday, it closed at $37.08. That’s a 79% collapse. If you put $100 into NKE near the top, you’d have about $21 left…

People can say whatever they want. But there’s a big difference between saying you’re worried and actually positioning your money like you’re worried. I’d rather watch the money. Especially when we’re talking about the biggest financial institutions in the world.…

You might be surprised how much of what we do in markets today was figured out before anyone had a computer. Before Twitter. Before Bloomberg terminals. Before ETFs. Before Bitcoin. Even before your grandparents were born. More than 125 years…

Founder’s Note: At the end of the day, this is a numbers game. So it’s always comforting to know that Grant Hawkridge is manning the barricades when and where the day begins. Nobody knows market numbers like our man Down…

There’s an old saying on Wall Street that you’re probably going to hear over the next few days: “Sell Rosh Hashanah, buy Yom Kippur.” And no, somebody on Twitter didn’t make this up last week. This is old-school Wall Street.…

This is about to get weird. And when I say weird, I mean really weird. I’ve been telling you for a while now that crypto is becoming the plumbing underneath the financial system. Stocks, bonds, commodities and eventually just about…

Everybody keeps telling me AI is a bubble. And maybe they’re right. Companies are spending an almost ridiculous amount of money building data centers, buying Nvidia (NVDA) chips and finding enough electricity to power all of it. The numbers have…

My friend Larry Thompson just had a baby. And when somebody has their first kid, I’m always curious what’s going on inside their head. I’ve had three kids. I can tell you that becoming a father changes the way you…