Wednesday’s Industry Meetings

(via TheFly) 

Industrials 9/9/26 00:00:00 ET
Sponsors: RHCO-Truist | Industry: Industrials | Location: Mid-Atlantic

Paper & Packaging 9/9/26 00:00:00 ET
Sponsors: RHCO-Truist | Industry: Paper & Packaging | Location: Baltimore MD

Exploration & Production 9/9/26 00:00:00 ET
Sponsors: ROTH-Roth Capital | Industry: Exploration & Production | Location: New York NY

Consumer Internet and Consumer AI 9/9/26 00:00:00 ET
Sponsors: RBLT-Rosenblatt | Industry: Consumer Internet and Consumer AI | Location: New York NY

Macro Strategy 9/9/26 00:00:00 ET
Sponsors: ROTH-Roth Capital | Industry: Macro Strategy | Location: Chicago IL

Industrials 9/9/26 00:00:00 ET
Sponsors: RHCO-Truist | Industry: Industrials | Location: Mid-Atlantic

European Midcaps 9/9/26 10:00:00 ET
Sponsors: JEFF-Jefferies | Industry: European Midcaps | Streaming Link

Euro Capital Goods 9/9/26 10:00:00 ET
Sponsors: JEFF-Jefferies | Industry: Euro Capital Goods | Streaming Link

Position: None

120 Minutes to Go!

S&P Futures: -34 vs FV.

Nasdaq Futures: -175 vs FV.

US Ten-Year Note: 4.811%

US Two-Year Note: 4.43%

US Three-Month T-Bill: 3.88%

WTI Crude: $94.98

Gold: +0.18%

Silver: -0.04%

Bitcoin: +0.53% 

US Dollar Index: -0.02%

Positions: Long physical gold and silver

I Love the Smell of Markets in the Morning

You smell that? Nothing else in the world smells like that. Smells like “victory.” Forgive the paraphrasing of Robert Duvall’s character in the movie Apocalypse Now. That’s how I want to wake up every day and I want you, the readers, to wake up. Full of fire and energy. Let’s go!!!!

Rough, tough, can’t get enough… You know the rest. Hit the deck. Beat your face (do push-ups if you can). Up on the chin-up bar. I don’t care if you break it up into sets, everyone does a max set (if you can). Rise and shine. It’s Wednesday and this is going to be a glorious day. 

Because the markets are going our way? Heck no. Which way the markets go is immaterial for now. This day will be glorious because we understand, we identify, we adapt, we overcome and then we carry on. Follow me, my legions. For this day, we plant our flag on their turf. Rock and roll. 

Position: None

That’s a Wrap!

Equities sold off to varying degrees on Tuesday to get a holiday-shortened a week off to a sloppy start. Throughout the day, there were reports of fighting in and around Iran’s Kharg Island. That forced oil prices higher. Front-month WTI Crude futures climbed in value for a sixth consecutive day. I now see the sweet stuff trading close to $94 per barrel. The S&P 500 gave up 0.58%, while the Nasdaq Composite surrendered 0.32% as both major U.S. equity indices notched back-to-back red-candle days.   

Energy stocks ruled the session, but semiconductor stocks did well too. Intel ($INTC) led the group with a 9.1% gain on the day. Advanced Micro Devices ($AMD), another big Sarge name, ran 5.9%. Treasury yields rose and bond traders liquidated holdings. The benchmark U.S. 10-Year Note reached its highest yield since November 2023, while the 2-Year Note paid what amounted to a post-January high. Traders also had to deal with renewed trade tensions between the U.S. and Canada. Retaliatory tariffs from Canada on about $20 billion worth of U.S. goods took effect on Tuesday. 

Have a good evening, gang. Tomorrow is Wednesday and Dougie is off again, so, God willing, you’ll be working with me again.

Always faithful. 

Position: Long INTC and AMD equity

Answer to Baseball Trivia 2

Q) Ron Hunt of the Dodgers/Expos/Mets/Giants/Cardinals was once the all-time MLB “hit by pitch” leader. When Hunt retired after the 1974 season, he had been hit by 243 pitches. Three batters have now been beaned more times. Name them. 

1) Craig Biggio of the Houston Astros was hit by 285 pitches from 1988 to 2007. 

2) Don Baylor of the Orioles, Red Sox, Angels, Twins, Yankees, and Athletics was hit by 267 pitches from 1970 to 1988. 

3) Jason Kendall of the Cubs, Royals, Brewers, Athletics and Pirates was hit by 254 pitches from 1996 to 2010. 

Position: None

Baseball Trivia 2

Dougie nailed it right away with the Triples/Home Runs question.

Here’s a bonus trivia question. Ron Hunt of the Dodgers/Expos/Mets/Giants/Cardinals was once the all-time MLB “hit by pitch” leader. When Hunt retired after the 1974 season, he had been hit by 243 pitches. Three batters have now been beaned more times. Name them. 

Position: None

Baseball Trivia

No MLB batter has hit 20 or more triples in a season since 2007. Since 1950, only three batters have hit 20 or more triples and less than 10 home runs in a single season. Name them.

Hint: All three happened between the years 1985 and 2000. 

Position: None

Palantir Warning

Readers will see that the Inverse Head & Shoulders pattern of bullish reversal that we had talked about in the past worked like a charm. That said, shares of Palantir Technologies ($PLTR) have tested their 21-day EMA from above for four consecutive trading sessions. 

We have two opposing forces staring us in the face. We have an imminent “golden crossover” of the stock’s 200-day SMA by its 50-day SMA. However, we also have a pretty bearish-looking daily MACD below this chart.

My thoughts? If the 21-day EMA fails, the swing crowd will turn on this stick and so will I, to a degree. PLTR is at a fork in the road, friends. 

Position: Long PLTR equity