Happy Tuesday –  We live in the most exciting time!  The FAA expects US air travel to double in the next twenty years. One billion to two.  Today’s system cannot support that.  Not the towers. Not the runways. Not the airframes.  The industry needs...

Here’s a preview of what we’ll cover this week:  Macro: Should You Trust The NFP Print? Markets: Markets Keep Absorbing The Bad News; Software Is Back; Collegium: Bad Earnings Day, Interesting Price; Semis: Easy To Mark The Bottom; Vistra Corp: AI...

Howdy folks – Feels good to get back in the swing of things. This week, I’m closely watching DARPA’s Vertical Lift Challenge in Dayton, Ohio. The Defense Advanced Research Projects Agency’s Vertical Lift Challenge is a heavy-lift competition. Its...

Hey there,  Welcome back.  It’s been a minute. Slow summer markets. But school’s around the corner. And the whales are finding their desks.  Let’s get to it.  The Registry Since mid-March, I’ve collected the FAA flight registry data. They publish the full...

Here’s a preview of what we’ll cover this week:  Macro: Fed Backs The US Economy; Inflation Is Still the Problem Markets: Markets Finish Higher as Leadership Flips; How Is The Earnings Season?; Microsoft: Please Don’t Associate Me With OpenAI; OpenAI:...

Here’s a preview of what we’ll cover this week:  Macro: Bread and Synchrony Confirmed Consumer Strength Markets: High Expectations; When Will Semiconductors Bottom?; We Are In A Rotation; The Bull Market Remains Intact; Plenty of Worry. Plenty of Cash;...

Here’s a preview of what we’ll cover this week:  Macro: The American Consumer; Credit Quality Stays High; Deal Flow Is Soaring At Record Pace; The Fed Can Afford to Wait. Markets: A Brick in the Road; Momentum Was Due for a Time-Out; The Magnificent Seven...

New All-Time Highs in Blessings On July 12th, my wife and I welcomed our first son, Harvey Allen Thompson, into the world, and honestly, it’s hard to explain what that does to you. Watching my wife bring him into this world gave me an entirely new level...

Here’s a preview of what we’ll cover this week:  Macro: Don’t Bet Against The US Consumer Markets: The Rotation Is Not Over; What Would Cause Me To Go Bearish; Consumer Discretionary: The Worst Is Priced In; Microsoft Is Cutting Out the AI Middleman;...

Learn From My Mistakes There are only two types of investors. Those who make mistakes and liars. Intellectual honesty is one of the most important parts of this business. It is easy to explain away a bad trade, highlight the winners, and quietly move past...