Four stocks lost a third of their value with no explanation. SK Hynix (SKHY), CoreWeave (CRWV), Nebius (NBIS), Sandisk (SNDK). Nobody warned, nobody cut guidance, nobody put out so much as a press release. Just day after day of semiconductors and AI names getting toasted for a reason that didn’t make sense to most. It […]

911 million shares were supposed to bury this stock. Last Thursday, the SpaceX (SPCX) lockup expired. That’s the day insiders and employees who bought in early could finally sell, and 911 million shares came off restriction at once. It was all you heard for weeks. Slam that much supply into a stock and it drops. […]

You know what’s funny about being right? Sometimes it’s not worth anything. Last month, the good news stopped working. Taiwan Semiconductor (TSM) beat on profit and revenue, and the stock fell more than 3%. Samsung reported a quarterly operating profit up more than 1,800% from a year earlier and dropped almost 7%. Chip stocks shed […]

I got a phone call the day before the SpaceX (SPCX) IPO. It wasn’t exactly a spam call, but it might as well have been. It was a broker, offering me shares of the most discussed company in decades. Think about that for a second… The largest IPO in history, and somebody is cold-calling me […]

The largest IPO in history is trading below its offer price. SpaceX (SPCX) priced at $135 on June 11, opened at $150, ran to $225, and sits around $115 now. It’s down about half from its high… and 15% below where the first buyers got in. That’s more than a trillion dollars of market value […]

Publisher’s Note: Karim and I are at the Monument Traders Alliance Bootcamp in Vancouver this week, spending time with our members to share good times, good company, and trading and market insights as well. So, I asked another expert to step in today. Simply put, Dr. Mark Skousen is a legend in the finance space. […]

Most investors will tell you they’re in it for the long haul, but their actions tell a different story. Maybe it’s a symptom of the 24-hour news cycle. One story after the next, headline after headline. And endless feed encouraging you to scroll to your next dopamine hit. Even music is made this way now. […]

Anybody can make money in a bull market. That’s the whole problem right now. Your 401k is stuffed with index funds, the Dow is around 52,000, your account is green, and you think that makes you good at this. But if the market is up 10% this year and your portfolio isn’t exceeding that, what […]

The best businesses in the world are the ones AI cannot touch. Boeing (BA) builds planes. Airbus builds planes. AI doesn’t, and it’s never going to, no matter how many data centers sprout up this year. I think about that more than I probably should. Because everybody in this market is trying to answer one […]

Editor’s Note: I don’t usually hand this newsletter over to someone else, but Nate Bear earned it. He and I come at the market from different directions. I follow where insiders are putting their own money, he reads it off the charts. But when two different methods start pointing at the same thing, that’s worth […]

The market has been ugly for a few weeks now. The QQQ, the fund that tracks the biggest tech names, has been weak and sliding. And the stocks that led the whole first half, the chip names everybody fell in love with, are the ones cracking the hardest right now. Micron (MU), SanDisk (SNDK), Nvidia […]

Remember when I showed you a glimpse of my gnarly 80s hairdo and told you about my professor’s bogus borrowing? I set that up to show you the companies fueling the AI boom. Now, let’s follow the money to the people dumb enough to lend it. I’m not afraid of showing you who I am […]