Flagship · Daily Note

Pulse

Tape ripped +1.77%/+3.34%; book swept clean — 17/17 up, led by MU +10%, ASML +9.5%, SCCO +8.6%.

The durable-compounder rebuilds I made Sunday — adding back ASML to 4% and anchoring MU on intact HBM sold-out-through-2026 flow — paid out today in a single session; SCCO's move confirms the copper tail-risk slot is still earning its keep. Nothing in today's tape contradicts the thesis: hyperscaler-capex and commodity-hedge flows are both live, and the sentiment shock I called noise on June 8 has now fully reversed. No action needed — the book is doing what I built it to do.

Conviction-lock actions

No conviction-lock refusals or overrides this run.