Hot Money Rotates to Keep the Market Running
Rolling updates on negotiations with Iran seem to have lost their meaning.
AI Rotation Props Up Indices But the Underlying Action Is Concerning
I’m upping the defense as I don’t like what I see.
Jensen Huang Blesses Marvell: 8 Key Items Shaping the Stock Market Tuesday
Lebanon’s ceasefire, HPE earnings, Google’s capital raise, and other headlines are moving stocks this morning.
Iran Walks? U.S. Manufacturing Up; Meet the $3.5 Trillion IPO Club!
Let’s check latest in Iran talks as deal appears to stall; manufacturing’s apparent comeback, and sort through the mega IPOs.
$10B Raise Suggests GOOGL Shares are Expensive
I don’t view Berkshire’s $10 billion investment in Google to be meaningful for the share price (of either company).
Here is the press release. 2026 June Alphabet Equity Capital Raise Press Release PDF
Half ($5 billion) of Berkshire’s investment is common stock, paying $351.81/share — or at $25 discount from the close!
The other half ($5 billion) is in capital stock, a preferred (fixed income paper).
Google ($GOOGL) had other options; they are saying their stock is expensive.
This is a very small investment for Berkshire.
And, finally, not likely Warren Buffett’s imprimatur, its probably that of Abel’s… and that is different (this time).
None
Google Authorizes $80B Capital Raise
Break in.
Google ($GOOGL) authorizes a $80 billion capital raise to expand AI infrastructure and compute.
Position: None
AI Trade Sees Remarkable Rotation as Market Concerns Grow
I’m buying two promising biotech names as the market grows more nervous.
May Monthly Roundup: Sell in May? No Way!
We put capital to work in several holdings, booked massive gains on two others, and added a new candidate to the Bullpen.