Duke Bar
Seoul Train!
Nothing but Quotes
I have less than zero time today, but I’ve wrenched out a moment to at least share how my shorts are doing. On a day of MORE RECORD LIFETIME HIGHS, this isn’t terrible. Indeed, my 100% short portfolio is UP again today! Not bad for a stupid old bear!
Dads and Grads and Jobs
Good morning, beloved Slopers and Slopettes. I sit under a bright blue North Carolina sky as three days of graduation festivities begin. Let us start with the job market which these highly educated folks are about to enter. Employment growth for the month came in about twice as strong as predicted, with 115,000 jobs added.
Chips and Channels
AMD’s p/e ratio is 133. ARM’s is 286. There’s only so long people are going to respect the circle jerk mutually beneficial virtuous cycle among chipmakers and hyperscalers. This insanity with the semiconductor will end, and I’d like to suggest this price channel has something to do with it.
