aba frazier

[aba frazier @fraztastic]

And even though it all went wrong,
I'll stand before the Lord of Song,
with nothing on my tongue but Hallelujah

[NASA's Johnson Space Center @NASAJohnson]

Suit up. Artemis III is getting real. 🚀🌕

Today’s suited training session prepares the crew for the upcoming @NASAArtemis III mission, where astronauts will test docking procedures between Orion and commercial human landing systems. The suited training allows the crew to gain familiarization with the suit while interacting with the Orion mockup.

[Dougie Kass @DougKass]

Steve Eisman 2 months ago: "Stick with tech.. I like most of the Mag."

‘Big Short’ investor Steve Eisman: I don't have a problem with the market right now - YouTube

Today: "I sold my tech stocks months ago."

@squawkbox @beckyquick @joesquawk

[Luis Suárez @LuisSuarez9]

Vinimos, ganamos y nos vamos. Dale @InterMiamiCF! 👋🏼🇨🇦

[Nashville Tennessee @visitmusiccity]

The #KindlingArtsFestival isn't over yet! 🎭 ✨ Don't miss your chance to experience two more days of innovative performances and immersive art from talented local creators across Nashville. Get your tickets and explore the full lineup at the link below. 🎟️ 🏙️
https://t.co/6jQUQw7jYn

[集英社スポルティーバ @webSportiva]

夫婦で応援するクラブが違うといろいろある。

千田純生先生（@chidajunsei3163）の連載『他サポ夫婦』第276話です。

Ｗ杯が閉幕し、千田先生も仕事がひと段落したようです。「さぁ、出かけるか」となったようですが、待ち受けていたのは……。 https://t.co/hezpP39afx

[CoveredGeekly @CoveredGeekly]

Willem Dafoe turns 71 today 🥳

[Wendy’s @Wendys]

watching the way nolan intended

[Conor McGregor @TheNotoriousMMA]

Our @bareknucklefc debuts in Uruguay 🇺🇾 this weekend!

The OG World Cup winning country Uruguay is flying and we are very excited to debut the most exciting fist fighting on the planet!

LETS GO! 👊🇺🇾

[Chelsea FC @ChelseaFC]

On this day in 2004, Chelsea signed Didier Drogba! 🇨🇮💙

[ScreenTime @screentime]

Jurassic Park fans have honored Sam Neill by coming together for a peaceful dinosaur migration in the video game Path of Titans

[Robert Irwin @RobertIrwin]

Murray had a great time today in the Crocoseum @AustraliaZoo ! I’ll be back in there tomorrow feeding the crocs, hope to see you here. Every day we educate thousands of people about these living dinosaurs, and continue Dad’s legacy of croc conservation!

[Shooter McGavin @ShooterMcGavin]

Her performances in Home Alone 2 and Angels In The Outfield in the early 90s made her a childhood legend for a lot parents today. She will be greatly missed. Rest easy Brenda.

[Citrini @citrini]

Continuing with the idea of it’s probably better to try to educate newbies during drawdowns rather than dunk on them, let’s talk about how expectations change as stocks rally significantly.

Basically, in the beginning of a rally you have the highest likelihood of the most positive catalyst being good earnings. People doubt the company or the environment in the present, so the best chance they have to surprise is simply to prove they are doing well right now. (Think memory in 2024, with AI overshadowed by cyclical glut fears)

Now take where we are today, when trailing multiples are twice or three times as high as forward. 

Imagine you’re holding a fishing rod. You are grasping it 6 inches from the far end of the pole and sharply raise your hand a foot in the air. The end of the pole will raise pretty much the same as your hand.

Now imagine you’re holding it from the handle and you do the same thing. The tip of the pole will move more than your hand, as there’s more room for the rod to bend and transfer/exaggerate the movement.

That’s what happens in names after everyone has turned positive on them and analyst expectations are universally positive. They aren’t able to rally simply because last quarters expectations were good, because the market is no longer pricing them on an expectation of what’s currently happening but rather on an expectation of what happens 1, 2, 3 years from now. 

What that means is higher volatility, earnings take a backseat to narratives. When the narratives are positive, the stock can rally significantly because compounding 50%+ annual growth out 3 or 4 years makes it easy to say the stock is extremely cheap on 2029 numbers. 

But it also makes it susceptible to narratives that can’t be falsified today by good earnings or bullish management (just an aside, so everyone knows, semiconductor company management is generally bullish no matter what…with rare exceptions that typically mark the bottom of a cycle). 

What that means is news about memory efficiency improvements or anticipated expansion of supply or threats from players like CXMT become really impactful when everyone is already bulled up. This is why it’s extremely difficult to buy or sell semis based on valuation - someone can always come up with a valuation to support a bull or bear case. Especially when the valuation is based on numbers 3 years from now.

These narratives can impact growth estimates by maybe 3-5% a year over the next 4 years, but that can add up to a lot. The market is holding these stocks from the far end of the fishing pole. 

This is why stocks get increasingly volatile when they have significant rallies, and also why it always seems like when they put in tops (either near term or long term), they do so over very little real developments in the way of news or fundamentals.

[Fabrizio Romano @FabrizioRomano]

🚨🏴󠁧󠁢󠁥󠁮󠁧󠁿 Harry Kane: “Once we went 1-0 up, we seemed to just try to hold on… which at this level is not enough to get to a World Cup final”.

[Joe Pompliano @JoePompliano]

Nike’s ad for Jannik Sinner’s second consecutive Wimbledon title 👏

[Snoopy @snoopyb047]

🇳🇴💔💔💔🇳🇴

[TrendSpider @TrendSpider]

President Trump posts a statement from Micron $MU CEO Sanjay Mehrotra:

[aba frazier @fraztastic]

@DeItaone I Sharing my daily live trades on WhatsApp, no cost Copy and send the keyword "Details" to the WhatsApp number: [phone] Click this link to join: https://t.co/XSwPAXv6ps

[aba frazier @fraztastic]

@DeItaone I Sharing my daily live trades on WhatsApp, no cost Copy and send the keyword "Details" to the WhatsApp number: [phone] Click this link to join: https://t.co/XSwPAXv6ps