Wasteland Capital

Here’s the thing: The S&P500 is +9% since pre-rate cut August. $AAPL at 30x ‘25E P/E $COST 51x ‘25 P/E $PLTR at 52x ‘25 Rev 7 out of 11 S&P500 sectors strong YTD The only thing that makes this a “bad market” is if you price-anchor “momentum bubble” valuations as “the normal”.