Morning brief · loading…

Before the open

What I'm watching pre-market, what my agents flagged overnight, and the three things I'll actually do today.

market status loading\u2026

Today's call

Holding the Physical Layer through the noise.

S&P at 7,022 confirms bull market. TSM Thursday validates compute. Iran ceasefire expires ~April 22. Portfolio positioned both ways. Core sleeve intact, Frontier sleeve disciplined, cash reserved for VRT re-entry.

Macro · pre-market

What the market is pricing

S&P 500

7,022

all-time high

VIX

14.20

complacent, not euphoric

10Y Treasury

4.28%

flat w/w

WTI crude

$78.40

Iran ceasefire premium

This week

Catalysts I'm tracking

THU 4/23

TSM Q1 earnings. Compute layer validator. Watch capex guide, Nvidia commentary, AI chip mix. → affects MU, AVGO, ASML, ANET

TUE 4/22

Iran ceasefire expires. Portfolio positioned both scenarios. Long Power if it holds, long Power if oil spikes. → affects CEG, VST, OKLO, WTI

UPCOMING

NBIS earnings. Watch MSFT + Meta contract backlog detail. Pre-earnings drift in play. → NBIS is an anchor

Portfolio status

Where the book stands this morning

Core · compounders

12 positions

Power · Compute · Data Center

In range. Watching the Core compounders into earnings.

Frontier · moonshots

6 positions

Photonics · Quantum · Off-World

Sized small, held long. Position changes disclosed on Substack.

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