To The Moon

In his recent memo to Oaktree’s clients, Howard Marks outlined his views on the current high levels of the market. He believes the market has not yet entered a phase of irrational exuberance, but still advises clients to adopt a Level 5 defense—reducing aggressive positions and increasing defensive holdings. When I first read that line, I stopped and let it sink in. Howard isn’t calling for a crash. He isn’t saying the Magnificent 7 are worthless. He’s simply saying: slow down, respect the altitude. And honestly, that’s how I’ve been feeling lately. The Magnificent 7 and the S&P 500: Stretched but Not Broken Let’s start with the obvious question: are the Magnificent 7 and the S&P 500 overpriced? On one hand, the Magnificent 7 have been unstoppable. Nvidia generates enormous profits

Goldman Sachs, managing $3.5 trillion, reports a surge in institutional participation in Ethereum, with the bank holding 288,294 ETH ($721.8 million) in ETFs, leading the charge as traditional finance embraces crypto. Ethereum trades at $3,900, up 2.6% this week, while the S&P 500 at 6,580 reflects a three-day slide amid shutdown fears. This shift, with $2.44 billion in ETH ETF exposure from firms like Goldman, Jane Street, and Millennium, underscores Ethereum’s 3-6% staking yields and $223 billion DeFi TVL as key draws. Will this institutional wave push ETH to $10,000? How does it stack against Bitcoin? Dive into the momentum, explore the drivers, and strategize your next play in this crypto inflection point. Institutional Flood: Goldman Leads the ETH Charge The adoption is accelerati

$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ Coinbase has teamed up with Samsung to bring crypto trading and staking to 75 million Galaxy users in the U.S., allowing direct in-app purchases via Samsung Pay and exclusive access to Coinbase One’s zero-fee trading, boosted staking rewards, and $25 first-trade credit. This expansion, starting October 3, builds on the July integration, with global rollout planned soon. The S&P 500 at 6,580 reflects a three-day slide amid shutdown fears, but Coinbase shares climbed to $255, up 6.3% this week. Will this make crypto as easy as tapping your phone? How will it boost adoption? Dive into the partnership, explore the impacts, and strategize your next move in this mobile m

The first time I opened a brokerage account, I remember staring at the options: cash or margin. Some people might have been tempted by margin, imagining extra buying power, the chance to amplify gains. For me, the choice was clear from the start: cash. No borrowed money, no debt—just the money I actually had. Using cash keeps everything straightforward. When I buy a stock, I know exactly how much I’m putting in and what I could realistically lose. There’s no interest, no margin calls, no hidden pressure from owing money I don’t have. The worst-case scenario is always clear: I can only lose what I invested, not more. That certainty allows me to focus on the companies I like, the ones I believe in, without any external stress or urgency forcing my decisions. I still remember watching my port

Gold recently reached $3,900 per ounce on COMEX, setting a new all-time high. The metal has climbed for several days, driven largely by concerns over a potential U.S. government shutdown. Analysts have discussed a $4,000 target, and UBS even suggested that gold could rise to $4,200 per ounce by mid-2026, citing its role as a safe-haven asset amid economic and geopolitical uncertainty. A potential government shutdown introduces further short-term risk, as it can delay fiscal decisions, create uncertainty about government operations, and raise concerns among investors. In such an environment, gold’s traditional appeal as a store of value becomes more pronounced because in uncertain times, it provides a measure of stability and security. Despite the rally, I chose not to buy. The move felt dr

September recently ended, and looking at my Tiger Brokers app, my P&L shows a modest 0.27% gain. Not huge, but I’m grateful. I didn’t hold any of the big movers—TSLA, AAPL, NVDA, BABA. Still, even a small positive month feels like a win in a market that continues to climb steadily. As the broader market hit new highs, many expected a pullback in October. Historically, October has been red in 10 of the last 15 years, earning its reputation as a weak month. Yet, last year after a strong first-half rally, October barely pulled back—SPX down only 0.99%. This year, the SPX is up 13.25% YTD, which is still behind last year’s 20% by September. The rally feels alive, but the question is: how much longer can it run? It’s tempting to speculate. Will October continue the momentum, experience a sm