Postcards: Good at Life, Better at Scrabble

Things went off the rails at 7 pm yesterday, and I'm not talking about NVIDIA's earnings call. Plus, we look at who else is winning in the global financial markets.

Market Update: It was a bad day for shipping, with Teekay (TK) taking a broadside sweep after earnings today. I was surprised by the reaction here - but it is a largely retail stock with little institutional support. Overreactions are common, and a lot of money is flowing into technology. I’m still long shipping. I expect 2024 will be much better for this industry - as these earnings came before our Red Sea events. Markets continue to diverge in this AI Bubble. It’s wild to watch… raise stops on semis.

Dear Fellow Expat:

Well, there’s good news.

I’ve officially won the family championship belts in “Life Junior” and “Scrabble Junior.”

Family game night was going great until I decided to pass on the last turn of Scrabble Junior to ensure I could finish the final word (the rules are different) and get the final point.

The crying, screaming, “Not Fair” calls from my wife… my daughter were loud… and often… and filled each room as she ran around in a circle.