degentrading

yes. i can accept 2 affairs but not 3! at this point, they are just drip feeding the negativity

On a non markets related thought - Jenson being ousted as a founder should scare everyone. Let's be real, most shareholders would want him to stay given the performance he has delivered. Whether or not this is round 1 by the Dems, indicates a brave new world has begun.

Best trade on Jenson being ousted is $BABA. IMO - the americans are clearing pushing for an AI race with the Chinese. Thus far, China has been rather pro-occupied with internal politics, still doing purges. Their AI companies have also been focused on cost versus being on the frontier. However, if the US sharpens their knives, then China is forced into backing their best companies into this AI race - versus trying to deliver common poverty. At this point, you dont have to pick BABA, you can also pick whichever China tech company like TENCNT. Time duration - i would give it a year to play out.

objectively - its amazing how smh/soxx are broadly flat when nvda is down 7%

Pre Market Thoughts - 10 Nov 26
Despite what was arguably a very strong FUD - NVDA closed (178.67) higher than its open (173.18). This was interesting for me to note - of course if it ripped up above 188 - that would have been an even better signal.
In Asian trading, thus far the KOSPI is up about 4.7%, while the TAIEX is up 7.5% and also the NKY up 3%. SPX did almost 250 points yesterday - from the opening lows around 7300 to closing around 7550... On FinX - sentiment is that this is the dead cat bounce with many people looking to get short into it.
On the calendar - we have CPI today in the

Pre market thoughts - 9 Nov 26
The biggest sentiment bomb has hit - King Jenson of the NVDA empire has been found consorting with an enemy spy! Folks, the memes do not write themselves any better than this. NVDA closed last friday at 188. The downside case has been well furnished, if however NVDA is able to rally above 188 today - that would be a massive signal for a short squeeze trade. Towards the downside, there's not much signal, afterall - these are very damming allegations and i would expect NVDA to be down 10% on it even - SOXX has held roughly in pre market trading.
In asia markets, KO

Pre Market Thoughts - 6 Nov 26
Historic crash across the indexes last night in US trading. We had NDX down almost 6% with SPX also down ~3%...Meanwhile AI single names took a brunt of the damage being down 15% -20% on average.
Factor wise - momentum has suffered the largest drawdown since, outstripping levels seen in the dotcom bust.
For any AI bulls - this is what you ideally want to see. Which is the index and wealth destruction in other sectors. Only then can you get policy support to come. The largest component of GDP growth comes from the AI/semis sector - so if its really over - nothin

For the first time in a long while - i have been fully allocated -

Pre Market Thoughts - 28 Oct 26
FOMC day is here. I added a bunch of risk into the close yesterday - this was posted on my telegram channel ( - so join in if you want real time updates.
A few thoughts - with regards to neos, we saw the highs in CRWV CDS - CRWV debt has also repriced upwards. In my note before - a business that might fail 4 years later is different from a business that has to fail NOW. Additionally, the $ANT S1 is confirming that serving inference is indeed extremely profitable. The only way for neos to reprice upwards is also for supply destruction via financing constraining b

bidded some $NBIS $NEBX here - post wkend elon stroking neo fears + $ANT S1 out of the way - good r/r to punt a long.

Pre Market Thoughts - 26 Oct 26
Yields are lower across the curve after Friday's risk off moves - 10Y is below 5% and the 30Y is below 5.3%. In my previous notes, i talked about the positioning in bond futures - this positioning is still extremely stretched and lends technical support towards the case for lower yields from here.
What is interesting with the move lower in yields and the dollar is Gold's performance. This has been a bit of a head scratcher for me because you would have expected Gold to shine in such situations. No pun intended. Instead it got whacked over the head, breaking bel

Pre Market Thoughts - 23 Oct
Yields lower on a risk off move. With how offside funds are on rates, this move lower in yields is likely to have legs. A short note today because i am busy with some personal matters.
The pain that started in neos has spread into the broader market. NBIS and CRWV were relatively unscathed compared to AI favourites. My game plan is still the same, deploy into a down move.
Moderna also had a big unwind. This has been a recent momentum favourite. It falling apart is a good sign that the pain is spreading. Localised pain in AI is not good. The index getting pummelled

Pre Market Thoughts - 22 Oct 26
Yields a touch higher across the curve. Overnight the US session saw a reversal as neos started to get pressured again. The game plan for neos remains the same as what i said yesterday, after taking some profit - i would deploy in a down move for a longer term trade. Value zones are ~130-140 for NBIS, 40-50s for CRWV. Personally, i prefer NBIS over CRWV - however CRWV might rebound the hardest.
In other markets, memory has moved in sympathy with neos. $SNDK unwound almost a 7% move over the course of 5mins yesterday. Generally, i would treat it as levered beta a