Hey trader, Marcus Aurelius once told his people that a time would come when they would have forgotten everything. And a time would come when all would have forgotten them. I put that quote on screen Thursday morning because the market needs to hear it right now. The market does not need urgency right now.

Hey trader, The growth trade is over.  Every stock in the market is about to get repriced. The rotation into value has officially begun. A research firm called Variant Perception just triggered their market correction signal. They have been bullish since April 7th. Their track record is nearly flawless. What they found confirms everything I

Hey trader, The S&P 500 dropped 167 points in a single morning this week. Most traders pointed at headlines. The real cause was a structural options trade that almost nobody outside institutional desks even knows exists. It is called the dispersion trade. It unwound for exactly one day, and the damage was immediate. Here is

Hey trader, Crypto cracked…Bonds cracked…Energy corrected from its highs…  Gold and silver are getting taken down right now. Every bubble has burst except one- equities. The S&P 500 remains at overbought, overpriced levels while every other market has already repriced to reality. That’s about to change real soon. Thankfully, I’m already positioned for the shift.

Hey trader, Two months ago, I told Theo Trade members to buy energy stocks. Oil was sitting at $55 to $56 and nobody wanted it. I loaded up on Exxon, Chevron, and three other oil positions. I did not need a crystal ball. Oil is cyclical. It goes up, it goes down, it goes up,

Hey trader, My daughter used Duolingo for years. She learned Chinese. She learned Korean. She pulled straight A’s in Spanish through the platform. I have nothing bad to say about the product. Now look at the stock. Look where it was and look where it is now. This is the poster child for what I

Hey trader, Jamie Dimon took JP Morgan from $20 a share to $300. He almost never sounds the alarm publicly. This week he stepped into the light. At JP Morgan’s investor day on Monday, Dimon compared today’s market to the years before the global financial crisis. His words were blunt. “The leverage is going up.

Hey trader, When I ran my hedge fund, there was one number my prime broker asked about before anything else.  Not my returns, not my positions, my Value at Risk. Value at Risk tells you how much money you could lose on your worst day.  It combines the probability of a market event with the

Hey trader, You know that saying, “Never put all your eggs in one basket?” Private credit firm Blue Owl is learning why. Responsible for managing $1.6 billion in debt into private enterprises, they funded data centers, AI startups, you name it.  They were exactly the kind of firm that thrived when money was cheap and

Hey trader, Years ago, I used to surf near Manhattan Beach, California. Right off Rosecrans and Pacific Coast Highway sat a small office belonging to John Bollinger. I never met him. But the indicator he created became the most popular technical tool in retail trading history. At ThinkorSwim, Don Kaufman and I surveyed 10,000 clients