Flagship · Daily Note

Pulse

Tape +0.86%, book beat it — ANET and AEIS led, biology drags were noise.

ANET +5.64% and AEIS +4.94% drove the Flagship above the tape today, both sitting on the same AI-capex infrastructure line that the book has been riding since the HBM read two sessions ago. BEAM and LLY each gave back less than 1.1% with no named catalyst — no kill criteria touched, no thesis fact changed. The 09-10 adds to LLY and VRTX are in the held book and both biology compounders are intact; nothing shifted vs the most recent thesis.

Conviction-lock actions

No conviction-lock refusals or overrides this run.