Category: Daily Diary

Bluto:“Wormer, he’s a dead man! Marmalard, dead! Niedermeyer…”
Otter:

“Dead!”

–Bluto’s Big Speech – Animal House (9/10) Movie CLIP (1978) HD

I should have stayed short ($WMT).

Walmart drops the big one and lowers next quarter guidance …

Positions: None.

* Cash positions near the lowest in decades…

When the “talking heads” in the business media say market participants are negative, show them this chart:

Position: None

After todays earnings, $NVDA has a PE of 41. That is essentially pricing $NVDA at $12 trillion based on historical semiconductor PE of 20.

Why does that matter? Today $NVDA announced an $80 billion stock buyback that people were saying “drop the 🎤 on”. In reality that buy back…

— Roger (@rdd147) May 21, 2026

Position: None

Wolf Street howls about credit.

Position: None

Redefining Inflation to Obscure Its Origins

Position: None

On the strong rhetoric out of Iran I have covered the balance of my index shorts:

* $SPY $738.24

* $QQQ $708.96 

I will be baaack!

SpaceX wins the trophy for most ridiculous TAM analysis in public market history.

Saying your market is "$28.5 trillion" is the typa shit you see in F-tier startup pitch deck pic.twitter.com/dgAAuB263i

— Evan Armstrong (@itsurboyevan) May 20, 2026

Position: None

I have taken a profit on this morning’s index trading, bringing positions now back down to very small:

* SPY $738.69

* QQQ $709.56

I plan to re-short strength. 

Position: Short SPY (VS), QQQ (VS) 

I shorted SPY/QQQ on a scale this morning.

Here is my cost basis: 

* $SPY $741.71

* $QQQ $713.01

Position: Short SPY (S), QQQ (S)

🚨 BREAKING:

Steven Blitz, chief U.S. economist at TS Lombard says the 10-year Treasury yield is headed toward 6%.

“I have been telling clients for a long time that the world has changed, what markets are always slow to accept,” Blitz wrote. “Even with this sell-off, the market… pic.twitter.com/BaT1qWNgcY

— TreasuryBonds.com (@TreasuryBonds1) May 20, 2026

Position: None