qfx 
It is not the soaring price that concerns me, but the quiet persistence beneath it. The true wealth lies not in what is visible, but in the unseen currents that will shape the landscape for years to come. I search for companies not merely riding the wave, but becoming the wave itself—those that will endure when the froth subsides, leaving only solid ground.
If you enjoyed the scary atmosphere and kid-focused storylines of shows like Stranger Things, you’ll likely love Welcome to Derry. It follows a group of children confronting a terrifying, otherworldly villain – in this case, the iconic Pennywise the Dancing Clown, instead of Vecna. The show is intense, often gruesome, and genuinely excellent. It offers a fresh and unique origin story for Pennywise. As a fan of both series, the similarities are striking, which is why Welcome to Derry is a must-watch.
In a recent interview with The Hollywood Reporter, 77-year-old author George R.R. Martin discussed his current projects while at his home in Santa Fe, New Mexico. He shared his enthusiasm for the A Knight of the Seven Kingdoms series and remained undecided about completing The Winds of Winter – let alone the next book in the series. However, the most surprising part of the conversation was Martin’s surprisingly frank assessment of his working relationship – or lack of one – with Ryan Condal on House of the Dragon.
Despite some initial worries, Vecna is definitely still dead. The strange sounds and smoke everyone noticed actually came from Saturday Night Live cast member Sarah Sherman after she ate some really hot beef cubes! It looks like SNL is still relying on classic physical comedy, even after 50 years. And this Stranger Things promo is just the beginning – we can expect plenty more jokes about the show. We’re guessing they’ll have fun with the fact that the Hawkins kids are now adults, and maybe even make some comments about Steve Harrington’s hair. We wouldn’t be surprised if they joked about Mike Wheeler’s limited role in the final season, either – that would be hilarious!
It seems that the corporate accumulation of Bitcoin has become the talk of the town. MicroStrategy, in its infinite wisdom, has decided to acquire 13,267 BTC for a cool $1.25 billion, thereby elevating its total holdings to a staggering 687,000 BTC. One can only assume that their strategy revolves around treating Bitcoin as a treasury asset-because why not? In this age of uncertainty, it’s either Bitcoin or a set of fine china, and let’s be honest, the latter won’t buy you a yacht.
The company, in these last three years, hath experienced a rise most prodigious – a 1,720% ascent, to be precise. A feat, I confess, that would make even the most seasoned alchemist envious. Much of this bounty stems from an accord with CoreWeave, a hyperscaler of considerable appetite, promising revenue of some eleven billion dollars. A second agreement hath since been struck, compounding the potential riches. It is a spectacle, truly, though one must always inquire: doth the gold glitter with true substance, or merely the sheen of expectation?
The filing with the Securities and Exchange Commission – a document which, let’s be honest, is usually only read by those who really need to avoid sleep – revealed that Ocean Park sold all 342,600 shares of VCLT. The fund itself reported no remaining holdings, which is rather definitive. It’s as if the shares simply…vanished.1 The transaction occurred during a quarter where several other fixed-income instruments also felt the chill of Ocean Park’s reassessment. A mere trimming of the sails, you say? Perhaps. Or perhaps it’s the first sign of a larger nautical adjustment.
The filing with the SEC details the complete liquidation of 1.13 million shares. One imagines a clerk, completing the transaction with the same weariness as one might feel watering a plant that refuses to bloom. This move reduces the fund’s exposure to FALN from a prior 1.3% allocation. It’s a small adjustment, of course, in the grand scheme, yet it speaks volumes about a shifting perspective.
The lifting of constraints upon President Maduro has stirred a fleeting excitement, yet the oil itself remains distant. The markets, ever pragmatic, have scarcely noticed. For to expect an immediate bounty is to misunderstand the nature of the beast. Venezuela’s infrastructure, aged and neglected, does not respond with alacrity. A year, perhaps eighteen months, must pass before any substantial increase in exports can be anticipated. Those who require oil today will not find it flowing from Venezuelan wells. Such is the slow, deliberate pace of recovery, a lesson in patience for those accustomed to instant gratification.
There’s one little fund, a rather clever contraption called the Vanguard Dividend Appreciation ETF (VIG +0.20%), that’s been tickling my fancy. It’s not flashy, mind you. It doesn’t promise overnight riches. But it’s a solid sort of chap, and in this topsy-turvy world, that’s worth a good deal.