Category: Daily Diary

* And so am I…

$TRLV on @MadMoneyOnCNBC with @jimcramer Thank you @MitchGordon_ pic.twitter.com/mwJLuKwUEe

— Trulieve_IR (@Trulieve_IR) June 16, 2026

Position: Long TRLV (VS)

Most technicians see the same things.

Few technicians think outside the box like TheStreet Pro’s Divine Ms M.

Her daily missives are invaluable to me.

Here is an important excerpt from Helene’s column this morning “People Are Worried About the Sox: The Transports Might Be The Bigger Worry“

I realize everyone is going to fuss over the SOX, as they ought to. I mean, there is a potential double top there, but I tend to do my best to keep silent when there is so much chatter, and something is so obvious. In other words, I wouldn’t be shocked if the SOX fell more or if it rallied. Just about a week ago, I said I was now neutral on Intel, and I still am. I would point out that Intel did not make a higher high on Monday. If it can’t rally from this blue line, then I’d say that 100 level is in play.

But as is typical of me, I tend to go where the masses are not chattering. And right now, that is the Transports. Oil has collapsed in the last two days, and the Transports are down both days. I think they are vulnerable.

Position: None

gamma squeeze running on vapors https://t.co/ncSat5w8tk

— zerohedge (@zerohedge) June 16, 2026

Position: None

Torsten Slok, Apollo: "The market is increasingly three passive index funds…With the three largest passive S&P 500 funds now holding more than $2.6 trillion combined…prices are increasingly set by mechanical flows rather than by anyone judging what companies are actually… pic.twitter.com/Gup0VqaXeZ

— Trevor Noren (@trevornoren) June 16, 2026

Position: None

$NFLX is a fave of Fin TV panelists but we don't hear about the losing ideas. They are not timestamped. @KeithMcCullough https://t.co/SmYs018o87

— Dougie Kass (@DougKass) June 17, 2026

Position: None

How can this not hurt the IPOs of OpenAI and Anthropic?

BREAKING: Microsoft exploring DeepSeek over OpenAI and Anthropic as Copilot Cowork moves to usage-based pricing

“We have users who do hundreds of tasks a week… the consequence is the costs can go very high…”

Jevons paradox pic.twitter.com/wanKWtU7y5

— NIK (@ns123abc) June 16, 2026

Position: None

“In the old days” Fundstrat’s Tom Lee used to be most concerned about a rise in margin debt — but, no more:

Margin debt rose for a second straight month in May, reaching a new record high of $1.42 trillion. This marked an 8.5% increase from April and a 53.7% rise compared to the previous year. 👇🏼 pic.twitter.com/EAE3UgcSxj

— Kalani o Māui (@MauiBoyMacro) June 16, 2026

Now, nothing concerns the perma bulls.

Position: None

SpaceX $SPCX traded 256 million shares yesterday.

The entire public float is 556 million.

So in one day, almost half of every tradable share changed hands. Bought and sold, over and over, in a few hours.

Here's why that number is absurd. SpaceX sold 555.6 million shares at… pic.twitter.com/XTabnOgnFF

— Thierry from arvy 🇨🇭 (@ThierryBorgeat) June 16, 2026

And with the introduction of double and triple SPCX options, the circus begins…

Position: Short SPCX (VS)

Buckle up:

Position: Short SPCX (VS)

Excerpt:

“On iConnections, Chanos explains the CapEx boom accounting mechanics: when a company buys AI infrastructure, Nvidia books revenue and profit immediately. The buyer capitalizes the cost and depreciates over 5-10 years. During the boom, Nvidia’s profits inflate dramatically. When the boom ends and order books get pulled, revenue collapses immediately.”

– Jim Chanos

If you hold $NVDA and you're modeling this as a durable earnings run, Jim Chanos has a stress test for you.

On iConnections, Chanos explains the CapEx boom accounting mechanics: when a company buys AI infrastructure, Nvidia books revenue and profit immediately. The buyer… pic.twitter.com/lq2hNxXOsw

— Podcast Alpha (@PodcastAlphaX) June 16, 2026

Position: None