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Alfonso’s Daily Note,
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Is Biotech Next?

July 14, 2025

As this market continues to broaden out, we’re starting to see signs of rotation into areas that have been overlooked and underowned for a long time.

This is especially true for the rate-sensitive groups such as Builders, Banks, and Biotech.

Strazza calls them the Three B’s.

And while the playbook is starting to work, we’re not quite there yet.

We’ve seen some rotation into these names — especially Builders, which have caught a bid, and Banks, which are beginning to play catch-up.

Biotech still needs work.

However, that might be about to change.

Take a look at the Equal Weight Biotech ETF relative to the Equal Weight S&P 500.

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Hot Corner Insider

ValueAct Raises Its $RKT Stake to 8.90%

July 14, 2025

Every day, we sift through the filings to spot where the real conviction lies – cutting through the noise to highlight the most meaningful insider moves.

Here's what stood out today:

📌 Rocket Companies $RKT – VA Partners I, LLC lifted its 13D stake from 7.73% to 8.90%.

That’s real size in a name that's been left for dead by most of the Street. Activist positioning is getting even more aggressive in mortgage finance.

📌 Cogent Biosciences $COGT – James Flynn filed an initial 13G at 6.49%.

James Flynn buying into a biotech name is one of the strongest “smart money” signals you can get in the space.

Here’s The Hot Corner, with data from July 11, 2025:

 

Click the table to enlarge it.

📌 Orion S.A. $OEC – Pzena also boosted its...

Alfonso’s Daily Note,
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Metals in Motion

July 11, 2025

Metals are on the move this week — and in a big way.

Silver, Copper, Palladium, Platinum… All printing fresh breakouts at the same time.

Gold kicked things off last year. It’s been stair-stepping higher for months, leading the charge. But recently, it’s cooled off — and now the rest of the complex is following suit.

Silver’s breaking out from a massive base and pushing into territory we haven’t seen in over 13 years.

 

We think 50 is on the table — and it could get there fast.

Copper’s part of this conversation too. Always has been.

We don’t call it Dr. Copper for nothing — it’s a key read on growth and the global economy.

And this week? It just logged its best single-day gain in history.

 

Big moves like this usually mean one of two things:

A blow-off...