Flagship · Daily Note

Pulse

Tape up sharply, book up with it — ANET, KTOS, MU led; nothing thesis-relevant moved.

Broad tape (S&P +1.52%, NDX +2.73%) and the book rode it — 14 of 16 up, ANET, KTOS and MU leading, NEM and ARGX the only soft spots on immaterial drift. KTOS's strength today is price, not a thesis input — the CR production freeze that drove last week's trim to 9.07% is unchanged and still the live risk on that name. No autopilot activity, no funder news, no shift versus the current thesis — a strong tape day, not a signal day.

Conviction-lock actions

No conviction-lock refusals or overrides this run.