Postcards: This Insider Just Made a Big Bet on a Republic Favorite

Mexico's richest man is buying a refinery that earned him nearly $300 million in 2022. He's back on this deeply undervalued U.S. energy name.

Market Update: We’re nearly back to neutral again, thanks to a big rally today in Apple (AAPL). So goes Apple, and so goes the market. The stock got a nice pop from speculation around Artificial Intelligence. If this market recovers, it’s got a clear path to $200. I’d rather own pure momentum stocks like Microsoft (MSFT), as I think the stock is heading to $500 by 2026. Something occurred today at around 2 pm that saw a significant amount of institutional buying. We’ll digest this over the next 24 hours as we’re heading into Third Friday, the day that most options volume happens each month.

Dear Fellow Expat:

If you lift anchors in the Florida Republic and head southwest, you’ll eventually crash into the eastern seaboard of Mexico.