One of the dumbest thematic selloffs I’ve seen to to date off: - $META compute news that’s not new - CPO delay report 1, that got refuted by $NVDA - CPO delay report 2, that got refuted by $NVDA High confidence, institutions will end up going long on the same names they’re bearposting after retail capitulates.

Your agents, always on. @FactSet AI for Banking spots thematic movement across disparate signals and reacts automatically to market-moving news, so you get outcomes and contrarian views delivered, no manual digging required. See it in action:

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Have been thinking about this more and more lately in this mkt. From our latest qtrly: “We have observed that news is being priced into stocks more quickly, and that there is a higher-than-ever propensity for the market to pull forward investment returns when a stock’s narrative turns favourable and aligns with the thematic du jour. A stock might compress two years’ worth of returns into two months if investors turn giddy about that stock’s narrative and growth prospects. And while there is typically a kernel of truth underpinning an explosive re-rate of a stock, it’s important to recognise when the market has moved too much of a stock’s future gains to the present. Given the wider band in which a stock’s multiple is likely to fluctuate, we believe that more than ever, there are opportunities for value creation in flexing position sizes to take advantage of the multiple de-rate/re-rate cycle.”

AMEC 688012: we survived earnings, always dicey w/ A -Share names. 38% top line gr (vs. LRCX 30%-->50% in Sep q) stable 40% mgns (vs LRCX 52%). News that Sammy & Hynix (China) were testing AMEC machines conveniently dropped on earnings day. Looks good thematically.

How to fill your "free time" as a trader: (full breakdown...feel free to bookmark + use) Some of you guys know that the majority of big success in trading comes from waiting + letting positions work. I've talked about this before, but it's too important not to resurface. So how do I fill the extra time with stuff that makes me a better active investor? Welp, I'll walk you though some of what I do. Do Deeper (Continuous) Research: > what's a stock/theme that everyone's overlooking > find cases of unusual volume, insider activity, etc > study thematic maps + changes over time (finviz) > dig into geopolitics, macro > study historical tendencies of markets > look deeply into teams & leadership > understand a company's moat + potential > keep digging into your current positions' thesis Education: Youtube channels: > @Qullamaggie (swing trading mechanics) > @RealSimpleAriel (swing trading, etc) > Amit Kukreja @amitisinvesting (deep dives) > @TheShortBear (all his old stuff is gold) > @TraderLion (well-rounded edu) > Harvard Innovation Labs (business acumen) > Institute of Trading (retail trading) > @Wordsofrizdom (conversations with traders) > @tbpn (business acumen + current events) > will be adding more Substacks: ~ @agnostoxxx's (good mix of macro, ideas, thoughts) ~ @zastocks's (trading principles, lessons, research) ~ @citrini (all around, thematic deep research) ~ @market_sleuth (experience, vix + data, lessons) ~ @michaelsikand, asymmetrical bets (deep research) ~ @babyfolio's edelbridge alpha ~ @Gaetano2026 (photonics, ai, tech) ~ @ren_stocks (ai infra, semis, tech) ~ @TheBigBerbowski (great guy, great writeups) ~ others based on your style Messing around with tools + seeing how to best leverage: - @finviz_com (screeners, thematic maps, etc) - @GodelTerminal (data feeds, movers, news) - @tradingview (charts, scripts, indicators) - bunch more, but it's always good to mess around with tools & see what functionality can help you Interviews: - @StocksOnSpaces (@stocktalkweekly + team) - @MollySOShea's interviews (ceo's, executives, pe/vc) - @patrick_oshag's interviews (investing + market legends) - @amitisinvesting's interviews (ceo's, public companies, leaders) Data dropping favs: + @ConnorJBates_ (data, charts, sentiment) + @WallStJesus (surveys, price target changes, etc) + @KobeissiLetter (deep analysis, news, data) Books: = Reminiscences of a Stock Operator (psych + cycles) = Market Wizards (pattern recognition across styles) = The Psychology of Money (behavior > strategy) = Poor Charlie’s Almanack (decision making) = The Outsiders (capital allocation) Use "free time" to get smarter on markets, business, and how the game works...without overtrading or making stupid trades out of boredom. Other things to observe: > use @finviz_com's (or other) screeners for top gainers/losers, most active, unusual volume, etc. > what headlines dropped + how did those assets react? > which names have relative strength consistently? > what doesn't make sense? > what are the next big catalysts for the markets overall, and your assets? Don't forget to review performance: - use some of your "free time" to go back and review the past few months/years. - what worked? what didn't? why didn't it work? what should I change? - where did I break my rules? - average holding period, % performance month by month, etc - know what makes you tick. find your weaknesses. use data to understand your style Physically LEAVE the desk & screens: > go for a walk > workout > go to the coffee shop > hang out with your kids > drive around with your wife This isn't everything, but it's a start on how to best use your "free time" during, after, or in between trades. The edge isn’t doing more…it’s doing less, with better information. Luc

News Nation: State Department Considering Passport Records “The State Department is ‘assessing’ how to share passport information with state and local governments, as well as some nonprofit groups, ahead of the midterm elections.” “According to a department spokesperson, the goal is to share the information in a way that ‘protects Americans’ data, deters fraud and supports the integrity of U.S. citizenship.”

NEWS: @elonmusk was at the White House state dinner tonight, so he sent this message to the Tesla Semi production launch 🚛⚡️ • “A revolutionary truck” that can carry the heaviest loads over very long distances • Megacharger capable of a megawatt of power • “It’s almost like a sports car in truck form” • Self-driving features are coming “in the very near future” • Electricity costs much less per mile than diesel “I’d recommend placing more orders if you haven’t already. The waiting list is already pretty significant.” — @elonmusk