Republic Risk: Ardmore Up 55%, Wave Portfolio Up 870 Basis Points Over Average S&P Stock

We discuss record stocks, shipping success, and what's now on our Watch List.

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

Futures have chugged above 5,300 for the first time. We’re watching oil prices rebound slightly after certain sector leaders bounced off their oversold levels. In addition, markets are pouring into Warren Buffett’s secret stock - Chubb (CB), which popped nearly 8% in premarket hours. Everyone loves a good Buffett stock… and this one is in his wheelhouse as a Swiss insurance giant.

What to Do Today: We’re moving to all-time highs and seeing the types of moves that we’ve anticipated on the backside of the April liquidity scare. You may want to take some profits on Ardmore (ASC) if you’re in the business of taking 50% gains in a few months. 

Today In Postcards: Dissecting Michael Burry’s Latest Buys

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Dear Fellow Expat:  

One of the things I’ve been challenged to do… is write less. And I know that doesn’t sound all that exciting to a reader. After all, a letter like this provides various insights critical…