Quick Vibes Pulse of the Market & Update on Banks (Plus Some Technically Weak Ones)

Vibes, vibes, vibes - oh and making sense of today's absolute unmitigated bloodbath.

Happy Bloodbath Monday Friends,

Took some time to unplug this weekend, and now the fog has lifted. Feels like I’m seeing the board more clearly. My short-term goal? Keep pumping out high-impact, long-form content, but the vibes are telling me to mix in more quick-hitters. I think a write-up on PayPal is next. What a rat’s nest that one has become—so much promise, yet the thing’s gone nowhere.

Anyway...

Over the weekend, I did my usual bank survey but also ripped through a bunch of Goldman macro research. It got me thinking about where we actually are in this market cycle and where we’re headed next. There’s plenty of macro mess, but let’s cut through the noise and talk about what actually matters: momentum, inflation, cyclicals, and why certain banks are suddenly an interesting trade while others are an easy fade.

And in the spirit of today’s absolute sell-off, I want you to take yourselves back to the diner scene in Pulp Fiction. Pumpkin and Honey Bunny decide they’re gonna rob the joint. People are screaming, guns are pointed in faces, chaos is breaking loose. And what does Jules (Samuel L. Jackson) do? He stays cool. He doesn’t freak out. He tells Honey Bunny to put the gun down, be cool, and act like a professional.

Tell her to be cool...

That’s exactly how I want you to engage with this market right now. See some turbulence? Be cool. AI stocks take a hit? Be cool. The Fed’s GDPNow estimate dips negative? Be cool. This is not the time for dumb emotional decisions. You don’t sell good assets into a panic just because the headlines are loud.