Flagship · Daily Note

Pulse

Tape flat, book mixed — AI compute lifted, defense/industrial names gave back ground.

MU +2.28% and NVDA +1.48% are the doubled supply-commitment thesis printing — HBM demand is showing up in the stock, not just the guidance. KTOS, HEI, and GEV each down ~1.6% is price without news; none of my named kill criteria on those names fired, so I read it as end-of-month tape chop, not signal. The 8/27 thesis stands verbatim: CINF and V seated, AI-load at 25.54%, cash at 17% — nothing moved today that changes any of it.

Conviction-lock actions

No conviction-lock refusals or overrides this run.