Ex-head of Goldman’s prop trading desk on hiring: “Passion & humility are the main qualities I look for, but 1st & foremost I ask myself - is this a good person? Is it someone I want to sit next to that I trust?Integrity is the single most important thing to me in hiring.”

“We’ve got to be excited about the future. We’ve got to do things that make us want to live— it can’t always be about problems every day.” — Elon Musk @elonmusk $SPCX

If you've used $ADBE lately, you know why.

$SFST is an outlier for a regional bank: EPS growth gives it real asymmetry, the base is orderly, and the breakout is being defended instead of fading into distribution.

$ORCL has the opposite look of DELL/NTAP: the stock tried to reclaim leadership after a long decline, but the breakout failed into heavy selling, so this is still a repair chart—not a clean leader.

$NTAP has the same vertical breakout/pullback look as $DELL, but with less control; DELL looks like it’s digesting excess, while NTAP looks closer to buyers losing the breakout.

Dell $DELL is a leader with explosive demand, but the move has gone vertical and is now digesting the surge; the key story is whether this becomes a normal high-tight consolidation or the start of supply taking control after the chase.

Broadcom $AVGO had the earnings power to break into leadership, but the failed breakout shifts the focus from upside momentum to whether buyers defend the damage.

$MU has monster EPS and momentum, but with expectations this extreme, the asymmetry into earnings is no longer growth—it’s whether the report can outrun what’s already priced in.

The edge from X isn't information. Most of it's already priced, stale, exaggerated, or noise. The edge is sentiment. X shows what people are emotional about in real time: what they're chasing, what they're mocking, what they're ignoring, what they're afraid to own, and what they've decided is obvious. That matters because markets don't move on facts alone. They move when positioning, expectations, and emotion collide with new information. The value isn't taking posts at face value. It's reading the crowd. When everyone's euphoric, the future return bar is higher. When everyone's disgusted, the risk/reward may be improving. When nobody cares, optionality may be cheap. When a theme reaches consensus, the asymmetry may already be gone. When the right people are early, quiet, and specific, there may be a signal before the crowd sees it. That's the edge: X is a live sentiment map. Not a research terminal or a truth machine. A real-time measure of attention, emotion, crowding, and narrative pressure. The opportunity is in knowing when sentiment has moved too far.

Goldman Sachs suggests an interesting pivot for automakers: repurposing their idle EV battery manufacturing capacity to supply the data center power market. It's an elegant solution to a bad asset that could lead to a new profit cycle.

Systematic CTA managed futures trend following: Still a source of crisis alpha in the next recessionary bear market? Or too crowded after years of inflows?

Today was a rotation day. Investors are pulling money out of the mega-cap tech giants (Apple, Microsoft) and pumping it into the rest of the market (Home Depot, Visa, Mastercard, etc.). A negative day for the index but an encouraging one for the broader stock market.

Understanding macro and how markets interact with each other is fun and interesting— but when absolute returns are the mission— it really is this simple. Price reflects everything. Supply, demand, sentiment — it all shows up in the trend. The price trend itself is the final arbiter.

Physicians waste a lot of time researching investments that seem great but, in reality, are high-risk and not worth the effort. Physicians take enough risk in their daily lives, and that risk should not be repeated across their entire financial landscape.

Goldman Sachs has officially taken Fed rate cuts off the table for this year. They see no urgency for the Fed to act, pointing to a stronger-than-expected labor market with an unemployment rate peaking at just 4.4%, and push their forecast for the next rate reductions out to June and December of 2027.