Momentum struggled this past month. The tilt to value stocks in last month's line up ($VLUE, $MGV & $VOE) did not help as the Fed rate hike trajectory turned hawkish. Still, not terrible for the L&M Momentum ETF strategy: -2.54% vs. -2.3% for $VTI. Now that there's clarity on the Warsh Fed's rate hike trajectory, stocks can adjust and form trends again.

-De Gaulle

New entry in the European Dictionary 2026

Over 50% of African migrants in France are living in housing paid for by French citizen taxpayers. They have an odd way of saying thanks.

I once sold a truck to a guy who called and agreed to pay full price as long as I brought it to the airport within the hour. It was incredibly sus, but my truck had been for sale for months, and I had grown desperate. So I went. It only got weirder. The moment I arrive he hops in the drivers seat for a test drive, and a run to the bank to get the money to buy it. He’s a freakishly large porcine fellow, adorned head to toe in dirty work clothes. He looked like Hagrid if he were an alcoholic with a the world’s most unionized construction job. We get to chatting on the drive. Work, life, conspiratorial ramblings, Donald Trump, Pakis. The usual, if you know this type of guy. I come to learn he needed to buy my truck to get home. He had bought a one way plane ticket to come buy a different one, but had been ghosted by the seller when he landed. He was stranded at an airport on the other side of the country with no other plan. So I thought, “well maybe I know the guy who ghosted him. Let me see if I can help.” I asked to see his phone to read his FB Marketplace message with the seller. He had been talking to some guy with Broken English and a vaguely middle eastern sounding name for several days now. The guy was selling an incredibly desirable truck for 30% below market. A virtually impossible deal. The vehicular equivalent of a horny singles in your area add on a porn site. He turned to me and said “y’know, his listing says the truck is about an hour from here, maybe I should go look for him.” I said “bro I’m looking at his profile, he has this same truck listed in every city in North America. The plate in the photos isn’t even from our state. This truck is spammed hundreds of times across marketplace.” To which he replied, “yeah I thought that was weird. I think it’s a glitch.” “No it’s not a glitch… you didn’t send him money did you?” I asked, fearing the answer. “Yeah I sent him a money, otherwise he was gonna sell it to another guy.” I winced. “how much?” “Five thousand bucks.” “……okay.” “Well let’s look him up, we have his name.” He replies confidently. “Look him up where?” I ask. “Facebook” “I’m looking at his Facebook. It’s not real.” Just then we arrive at the bank, he parks my 2500HD in the handicap spot at a 45 degree angle. I say maybe we should pick a different spot, he tells me he isn’t picky. We set up the wire transfer, he makes a disparaging remark about brown people to the teller. She frowns, she is brown. The money luckily still gets sent. And he takes off in the truck. Hours later he calls me from the middle of nowhere. He had decided to fuck with the aftermarket tuner while driving and bricked it. He was stranded. I don’t think all you xitter users realize just how difficult the modern world already is for an 85IQ person to navigate. With 53% of youtube shorts views now coming from AI content, these people are about to be thrust into a completely incomprehensible dream realm forever.

Among other things, this is a problem you get when you court and pander to disengaged, non-college low information voters.

“This quarter marks the highest number of S&P 500 companies issuing positive EPS guidance for a quarter since FactSet began tracking this metric in 2006.”

Banks have sold off for 6-consecutive weeks, the most since 2008. Sentiment is very negative, and ownership is scarce. Historically, this has been a decent contrarian setup.

Reader: "Color me suspicious. The mid-September-October 2026 unraveling of the #AI market was not a routine Wall Street valuation correction, but a deliberate sovereign-driven intervention forced by severe macroeconomic and geopolitical realities. As two expanding regional wars and severe supply shocks strained resources, the tech industry’s massive debt expansion—fueled by circular vendor-financing structures—began directly competing with the federal government for fixed-income capital, effectively crowding out the Treasury debt required to fund record budget deficits." @JuliaLaRoche

MORGAN STANLEY SAYS U.S. STOCK SELLOFF MAY BE NEARING ITS END Morgan Stanley strategist Michael Wilson says investors should prepare to buy the dip as the three-month equity correction approaches its final stages. 🔸 Quality stocks: +6% since mid-August 🔸 Equal-weight S&P 500: Nearly -4% 🔸 Cyclical stocks: Nearly -10% Historically, quality stocks have outperformed by 7.5% over the following year under similar conditions. The key takeaway: Wilson expects the correction to create buying opportunities rather than signal the end of the economic cycle.

This is a sign of fear. Democrats are terrified how many Wall Street and Silicon Valley executives are publicly coming out against them. Democrats are attempting to stop a mutiny. The mutiny is scaling up, breaking out, gaining speed faster than it can be contained.

Prescient.

Every effort to "make the world a better place" ultimately does more harm than good. Much more beneficial when people focus on taking care of their own family, friends and communities.

Boomers have no idea how radicalized many Gen X, Millennials and Gen Z are on the issue of affirmative action/anti-white discrimination. Millions of us don't want less of it- we demand it be zero. We see anti-white bias as a festering sore on our Republic.

We've said all year that inflation would run hot and one reason was the inflationary pressures (aka shortages) from AI. Yes, AI might be deflationary eventually, but this isn't anything like the late 1990s and deflationary period. 3 mo annualized: Printed circuit boards 49% Computer storage devices 69% Electronic computers 27%

Yields sank and the Nasdaq tanked. Be careful what you wish for when it comes to lower yields, especially if it is due to AI slowing down.

This is because the lion's share of the "progressive" and "downwardly mobile" demographic isn't talented enough to do productive, lucrative things. The radical Islamomarxist physician or entrepreneur is nothing more than a speck in a sea of midwits and crazies.

In my first company, we thought we needed “HR” when we got to a certain size. Hired someone experienced. He played games like this. We learned about it when he blocked a candidate a key operator was recruiting. Suspended him from role immediately. Fired within a month.

Absolutely heroic. Make MIT pay.

French students frantically search Christian Dior for school uniforms after their school reportedly ran out of blazers ahead of parents evening

Last week's sell-down of AI stocks (esp. datacenter) only makes sense in the context of hedge fund deleveraging. Watch the news this week. We'll learn that one or more large hedge funds got killed on margin calls. $CRWV $QQQ