this guy (kitty) is a f'n DORK geez. 

Costco COST more expansive than Tesla on fwd EV / EBITDA? *at 30% above the 200-day ma, only spent 3 weeks in the last 20 yrs.

The most significant data in the Jobs report is this:
Full-time workers: -625K
Part-time workers: +286K

couldnt be the covid shot could it? (sarcasm) 

nice look here

2/3rds position now

This is a passive train wreck. NVDA 6.7% of spy today vs 0.35% in 2019, this is NOT a steady-as-you-go low earnings variance company like MSFT or Apple -  this is a violently cyclical beast that has routinely burnt investors with pump "tit signings" sessions at the highs, church choir - ghost towns at the lows.

The last 15 years what's the best AAPL ever accomplished (see below) above the  200-day ma ? And the  64%, it lasted just 24 hours.

With near monopolistic power over the largest group of consumers ever assembled in the history of humanity, the best AAPL could ever do was 64% > its 200 day.

The best MSFT could do is 54%, the evil of passive investing is on stage here, and the system is broken. 

NVDA overtook AAPL as the #2 weight in the S&P ( now 6.7% in the SPY ) on the back of the stock split and strong earnings. The stock did so this morning and it has now a market cap of $3Tr. If NVDA gains another 5% on MSFT, it will become the biggest weight in the S&P. The stock currently has a weight of 6.7% in the S&P whereas MSFT has a weight of 7% in SPY.

As we explained in our blog, if NVDA overtakes AAPL before the June rebalance, AAPL's weight in the XLK would drop from 20% to 4.5% and NVDA's weight goes up from 4.5% to 20%.  This means $10bl rotates out of AAPL into NVDA and this should be enough to limit AAPL upside for a few days. Note that the rebalance is based on weights as of June 14.  They are gaming the stock, trying to force State Street to rebalance. At the same time, the stock split mob is chasing NVDA like monkeys. Monkey see, monkey do

*Everyone knows stock split candidates often run higher post the split announcement.  Post the split, those lucky small retail investors will be able to pay a $3000B valuation ($50B of ebitda) vs. $300B ($7B of ebitda) in 2021.

Added 1/3 NVDS today 

looking to add NVDS (inverse)
nvda is now 88% above 200d ma.
The last 15 years what's the best AAPL ever accomplished above the  200-day ma ? And the  64%, it lasted just 24 hours
The best msft could do is 54%, the evil of passive investing is on stage here, and the system is broken.

that is correct. 

LOL will the sheep fall for this bs again 

^{rivn june 11 and 12 calls active today, nice look steve in newsletter}

Bloomberg Eco out with a jarring report, saying monthly nonfarm payroll prints likely overstated job growth last year by 730,000
https://x.com/FedGuy12/status/1797979207764713694

easy $....lots $ sloshing around 

MRNA reversal - 

65000  AAL  Sep24 10.0 Puts $0.40
yesterday monster aal put order

When is trial verdict? Asking in re DJT coil 

pummeled !

weekly $8 calls just lit up.........

1000 AMC May24 31st 8.0 Calls $0.15 

cvna gap looms......