To The Moon

The coming end-of-year is shaping — and the policy moves by the Federal Reserve (Fed) will have important implications for investors. In this article I would like to share how we see it, given what is known now — and what investors might consider doing over the final month of 2025 and early 2026. What the Fed’s move means (ending QT + reinvesting into T-bills) The Fed has announced that starting December 1, it will stop shrinking its balance sheet (i.e. end Quantitative Tightening, QT). Instead of letting assets (Treasuries and mortgage-backed securities, MBS) roll off without replacement, the Fed will reinvest maturing MBS proceeds into short-term Treasury bills (T-bills). Mechanically, that means less downward pressure on liquidity / bank reserves. In effect, money-market liquidity shoul

Sandisk’s elevation to market superstardom has been so abrupt that I half-expected someone to quietly admit they’d uploaded the wrong ticker. A 513% year-to-date return, a near-vertical three-month rally, and the red carpet rolled out for S&P 500 admission — it’s all very glamorous. But as investors cheer its coronation, I find myself more interested in what happens when the music stops, the lights come back on, and the industry returns to something resembling normality. That, in my view, is when we find out whether Sandisk is a genuine AI-era heavyweight or simply the accidental beneficiary of a very tight NAND market and a lot of index-driven enthusiasm. Sandisk surges as AI demands push storage into overdrive Margins Rebound — Real, But Fragile Sandisk’s margin improvement has been

Black Friday Showdown! Which Retail Stocks Stand Out This Earnings Season? Aside from $Costco(COST)$  , $Nike(NKE)$  , and $Lululemon Athletica(LULU)$  , most consumer goods companies have already reported their Q3 2025 results. As this year's Black Friday approaches, U.S. consumer companies' earnings reports are showing a K-shaped divergence. Retail In this earnings season, retailers that beat expectations include $Walmart (WMT.US)$ and off-price players $TJX Companies (TJX.US)$ and $Ross Stores (ROST.US)$. Walmart continues to lead consumer stocks thanks t