Market up on renewed trade deal hopes... "Bessent added that negotiations haven’t started but that a deal is possible, according to people who attended his session at an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media."

How it started (2022) vs how its going (today) $BC

$PRKR and $QCOM were ordered to file claim construction briefs this week in their patent dispute. Grok finds the $PRKR brief more convincing than $QCOM's and is 80% confident that $PRKR will prevail here. It says that QCOM overreaches by proposing constructions that are "not

The more I think about closed-end funds the more I realize they are sort of like ponzis. If investors can't ever get their $ out, they are relying on greater fool to eventually buy them out...

Per jpm: retail bought $40bn in April, setting a record for the largest monthly inflow...retail also was -2% in Apr vs. -1% for S&P. YTD, their portfolio loses are ~9%, nearly double the market’s drawdown.

JPM: retail flows broke a record Monday accounting for 36% of volume, the highest ever…individuals also purchased $4bn of US stocks through 12:30 p.m. in NY, also the highest level ever for that time of day.

In investing, there are times to do smart things—and times to avoid doing dumb things. Its pretty key to recognize which environment you are in...