Margin of Pain

Archive

Market Notes

Current market reads and dated notes from the desk. Not investment advice.

Jun 02 The 5% Treasury Problem Is Back on the Desk Long Treasury yields are close enough to 5% again to make stocks answer a harder question: what exactly are investors being paid for? Jun 01 Phil Goedeker and the Trades You Should Not Be Taking Phil Goedeker's sharpest lesson is not the parabolic short. It is the review that found the trades that never should have been there. May 31 The AI Trade Is Starting to Look Like a Power Trade Elon Musk's space data center idea sounds extreme. The market point underneath it is simpler: AI chips do not matter if they cannot be powered. May 27 Larry Williams Is Still Buying The Breaks Larry Williams' latest StockCharts appearance is openly bullish: no bear market, stocks higher, buy breaks. The trade is in the pullback, not the applause.