Postcards: What This Market and Children's Soccer Have in Common...

With NVIDIA reporting earnings on Wednesday, we'll see how the crowd behaves. Our signal again avoided the Nikkei crisis, while the oversold trade provided an opportunity out of the chaos.

Dear Fellow Expat:

It’s nearly fall in Maryland, which will soon deliver my favorite weather anywhere on the East Coast.

After five years of 90-degree September heat on the Gulf Coast, I return to cool morning temperatures requiring layers of clothing. Oh, to wear a hoodie at noon!

This period coincides with many parents’ favorite event: Back to School season.

And some parent’s most trying… Youth soccer practices start tonight.

This evening, we’ll all gather around bags of orange slices to watch six-year-olds ignore all of their coaching.

The kids will run around the ball in a pack - or a school of fish - chasing the ball. Some will indiscriminately kick it as far as they can, while others will just follow like drunken minnows.