Flagship · Daily Note

Pulse

FN +13% and BE +11% lead the book; tape flat — thesis-relevant names doing the work.

FN's 13% print is the thesis in action — the AWS optical transceiver monopoly thesis from Sunday's deep run is already paying out in the first session after entry. BE's 11% move confirms the Brookfield/Oracle fuel-cell partnership is live in the tape, not just on paper. The bio drags (ARGX -4%, VRTX -3%, NVO -2%) are single-session noise against intact scores — nothing there has touched a named flow or scoring criterion, so I'm not moving on them.

Conviction-lock actions

No conviction-lock refusals or overrides this run.