July 2024
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A massive outage sent cybersecurity leader CrowdStrike (CRWD) back six months in just a few days. The multi-day disruption erased $29.5 billion in market cap as the stock dropped more than 30% following the disaster. Is it warranted? Depends on your time horizon. Fair or not, this outage has eroded years of credibility and momentum…
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The Cult of Crypto (2020-2021) In the aftermath of COVID, stimulus checks and low interest rates created an environment ripe for speculation. The buzz around cryptocurrency grew with the price of Bitcoin (BTC), which rose from ~$10k to a peak of $69k between January 2020 and November 2021. This buzz eventually materialized into a vocal…
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Weekly Performance S&P 500 -0.08% Equal Weight S&P 500 (RSP) -0.56% NASDAQ 0.24% DOW -0.08% Russell 2000 (VTWO) 1.27% Talk of the Tape It was a great week for the soft landing camp. Doves sang as PCE and GDP data came in supportive of a victory cut this year. Bulls charged as an upside surprise…
Gorilla With Glasses 