Trade Secrets
Trade Secrets Pro: Dire Straits
Markets don’t go straight up or down. After following this phenomenon for 26 years, I’m highly confident to tell you markets can and do turn on the change of season.
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Trade Secrets
Trade Secrets: Dailies 03.20.2026
Jack of All Trades
Jack of All Trades: High Stakes SKORE 03.19.2026
Micron tripled revenue, sold off on capex fear. The spend is building for a $100B HBM market with contracts already signed. Accenture beat and raised, hit a 52-week low. Record bookings don't print for 6–18 months. Alibaba: Quick Commerce war killed net income −66%. Cloud +36%.
Jack of All Trades
Jack of All Trades: High Stakes SKORE 03.18.2026
WSM delivered record EPS, zero debt, 51.6% ROIC — and raised guidance twice in the year before beating it. Macy's posted its third consecutive positive comp; Bloomingdale's +9.9%. LULU lost 550 bps of gross margin to tariffs and discounting. Americas comps negative. GIS missed EPS by 12%
Jack of All Trades
Jack of All Trades: High Stakes SKORE 03.17.2026
TME revenue +16%, margins expanding, paying users up, $5.4B cash. The business is working. Then they announced they're stopping quarterly user metric disclosure — same day free MAUs fell 5%. The market didn't separate the two. −25%.
Trade Secrets
Trade Secrets: Dailies 03.19.2026
US stock futures edged lower Wednesday night, extending losses after a bruising session that dragged the blue-chip Dow and benchmark S&P 500 to their lowest levels of 2026, as investors grappled with mounting inflation concerns.
Trade Secrets
Trade Secrets: Dailies 03.18.2026
US stock futures inched up Tuesday night as investors stayed on the sidelines ahead of the Federal Reserve’s latest policy decision.
Trade Secrets
Trade Secrets: Dailies 03.17.2026
US stock futures slipped Monday evening following a rebound on Wall Street as easing oil prices helped lift investor sentiment.
Jack of All Trades
Jack of All Trades: High Stakes SKORE 03.16.2026
Dollar Tree's transformation is working — gross margin up 150 bps, FCF nearly doubled, Family Dollar gone. The macro writes the pitch for them. SAIC: deliberate + involuntary contraction. Margins held. Revenue didn't. Two years of shrinkage guided.
Trade Secrets
Trade Secrets Pro: Middle East
Last week I showed you a picture of a Chinese vessel that was doing complete intel on everything in the Middle East. I was informed the author of the post had numerous Community Notes below his posts. Allegedly, the vessel I showed you was still in its port in China.
Trade Secrets
Trade Secrets: Dailies 03.16.2026
US stock futures climbed overnight Sunday as investors looked to stabilize after another weak week for equities, while keeping a close watch on surging oil prices from the war between the US and Iran.
What in the World!
What in the World! Atlas: Philippines
The Philippines enters 2026 as one of Southeast Asia's most structurally compelling growth stories — driven not by export manufacturing like Korea or Thailand, but by a unique combination of domestic consumption, a massive remittance inflow (~9% of GDP)
