To The Moon

March 2026 delivered the sharpest monthly selloff since September 2022. The $S&P 500(.SPX)$ lost 4.98%, the Dow fell a comparable amount, and the $NASDAQ(.IXIC)$ dropped 4.76%. The catalyst was clear: the US-Israeli military campaign against Iran, launched on February 28, escalated through the first three weeks of March, closing the Strait of Hormuz and triggering the largest monthly oil $WTI Crude Oil - main 2605(CLmain)$ price surge since the 1970s. Brent crude posted a 63% monthly gain, its strongest since the 1970s. WTI rose 51%. Treasury yields climbed sharply as investors repriced inflation expectations; the 2-year yield rose 42 basis points to 3.7

Chinese internet conglomerate spanning gaming, social media, fintech, and cloud computing, anchored by WeChat/Weixin with 1.4 billion monthly active users. Management guiding ~80% of earnings returned to shareholders via dividends and buybacks; forward dividend yield of 1.1% with an 18% proposed dividend increase. WeChat Pay processes over 1 billion commercial transactions per day, making Tencent a co-dominant player in Chinese digital payments alongside Alipay Largest gaming company in the world by revenue; international holdings include Riot Games (League of Legends, Valorant), Supercell, and significant stakes in Epic Games and Ubisoft Investment Thesis $Tencent Holding Ltd.(TCEHY)$ is a Chinese internet giant covering products and services in

6.1% Yield Best Buy dominates the North American consumer electronics market and currently trades at a compelling 9.8x forward earnings. Computing and mobile sales grew 5.4% in Q4 FY26, the start of an AI-fueled device upgrade cycle. Appliance and home theater sales remain sluggish due to post-pandemic normalization and a sluggish housing market. The company boasts a rare net cash position for a traditional retailer, finishing FY26 with $1.7 billion on hand and credible, stable guidance for FY27. Investment Thesis $Best Buy(BBY)$ is the largest pure-play consumer electronics retailer in North America, operating over 1,000 domestic stores alongside a robust digital platform. The company commands approximately 8% of the overall North American consume

$Dow Jones(.DJI)$ $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Gold - main 2604(GCmain)$ $WTI Crude Oil - main 2604(CLmain)$ Overview February 2026 delivered an important message to investors. The narrow, AI-driven momentum trade that defined much of the prior bull run is no longer reliable as the market’s primary engine. The S&P 500 declined 1.3% for the month, opening March 2nd  at 6824. Volatility rose, the VIX breaching 20 by month’s end, but the selling was methodical, concentrated

Zscaler’s Zero Trust Exchange processes over 500 billion transactions daily, which creates a data advantage that vibe-coding cannot replicate. The AI Security segment reached $400 million in Annual Recurring Revenue three quarters ahead of schedule. Z-Flex purchasing program accelerates the land-and-expand strategy, driving over $175 million in bookings during the quarter ending October 2025. Recent acquisitions of Red Canary and SPLX expand the addressable market into AI governance and proactive security operations. Investment Thesis $Zscaler Inc.(ZS)$ is a cloud security platform that acts as a switchboard between users and the internet. Instead of routing traffic through an on-premises firewall or VPN for remote employees, Zscaler operates on the

$Dow Jones(.DJI)$ $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Gold - main 2604(GCmain)$ $Silver - main 2603(SImain)$ $WTI Crude Oil - main 2603(CLmain)$ January’s macro narrative was dominated by a renewed fiscal cliff: funding for agencies operating under a continuing resolution was set to expire January 30, 2026, reopening shutdown risk and adding another layer of potential noise to federal data releases and market sentiment. Hard data and high-f

Compelling 5.4% dividend yield, supported by resilient fee-based cash flows. Recent acquisitions of Magellan, EnLink, and Medallion have solidified OKE as a top-tier diversified midstream operator. Approximately 90% of earnings are now fee-based, significantly reducing direct commodity price exposure. Trading at a discount to our intrinsic value estimate, particularly given the synergy potential from recent M&A. Long-term volume risk tied to energy transition pressures on refined products and regulatory hurdles for new infrastructure. Investment Thesis $ONEOK Inc(OKE)$ is a diversified midstream energy leader operating an extensive 60,000-mile pipeline network that connects prolific U.S. supply basins, including the Permian, Williston, and Mid-

$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Dow Jones(.DJI)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $WTI Crude Oil - main 2602(CLmain)$ $Gold - main 2602(GCmain)$ $Silver - main 2603(SImain)$ OverviewThe October 1st to November 12th federal funding lapse continued to distort the monthly macro data, BLS explicitly noted it did not collect October 2025 CPI survey data and could not retroactively recover it, and the October household labor survey month was missing, pushing analysts to inte

Aggressive repurchase posture, renewing buyback agreement for 16.2% of outstanding shares.58 million monthly actives on Cash App, with users who deposit a paycheck or spend $500+ per month through CashApp are 8.3 million up 18% year over year.134% year over year growth in Cash App Borrow originations, maintaining loss rates below 3% while generating an approximate 30% return on invested capital.$67.2 billion in Gross Payment Volume (GPV) for Square, up 12% year over year, with mid-size enterprises now representing 45% of total volume.Management has implemented an absolute headcount cap of 12,000 employees and reorganized the company into a functional structure (centralized Engineering and Sales) to improve workforce crossover.Investment Thesis $Block,

$Dow Jones(.DJI)$ $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Gold - main 2602(GCmain)$ $WTI Crude Oil - main 2601(CLmain)$ OverviewThe US government shutdown officially ended on November 12th, lasting a record breaking 42 days. The government is now funded through January 30th, 2026, though no long-term agreement has been reached. For the final quarter of 2025, estimated GDP impact is 0.4% due to lost productivity and delays in contractor payments. The market overall rallied slightly, though g