An 'allocation rotation'  is sort of going on, and not related to Washington's shutdown. I don't agree about this behavior as frothy speculation; because it's generally recognition of a prior trend in this Country; with regard to drones; as well as to Quantum Computing.

I have contended all year that the sector would 'rock & roll' again; and sure is. I also argued that 'power management and efficiencies' would diminish what is a constant drone of analyst promotions of construction and 'energy' while of course they bemoan the lack of sufficient power on the grid. I argued NOT SO if you look forward to quantum. Especially when using 'fiber' not 'copper' the power consumption is lower; and that's your starting point for my argument.

I wonder if D-Wave CEO Baratz, will mention that aspect at his Palm Beach keynote talk in a couple days. Florida has a few nuclear power plants already in generally newer infrastructure than what is available where most of the gigantic data-centers are going. Of course the question will be whether META or the other hyper-scalers are committing funds in the 'wrong direction' as far as cost efficiencies that will become available for AI utilizing Quantum units such as D-Wave's Adventure 2 and whatever comes next from QBTS. The prospect of a hiccup in 'classical' computing may relate to the dip there and concurrent surge here, in the particular leadership in Quantum Computing.

I note that D-Wave is focusing on a hybrid Annealing / Gate system; good. It's not cheap; but hard to evaluate given one or more of these will be $50-$100 likely some day; or get merged into bigger entities; just no way to know.

Market X-ray: we got our shuffle around the Jewish holidays; and the rally at the end, and what it mostly revealed was the 'FOMO' parts of the market that are really hot. Particularly quantum computing tickers, and the 'drone' sector.

I'm not entirely comfortable with the macro big-cap S&P market. Government is shut down; stocks are up (for now); and it's still 'worry wall climbing'. That's not likely to last throughout the month; but fine for us and the favored tickers.

In a sense it's a broadening-out away from what the big guys tried to control. Plus it's sort of moving away from the concentrated 3-digit pricey stocks, into the smaller caps that the pundits and Wall Street disdained and rationalize of course coming into them now. We expected this; and candidly major funds have accumulated these stocks on every dip for some time, while trying to get 'retail' investors to buy bloated big-caps almost exclusively. If you departed or at least adjusted portfolios to include the speculative picks; you're having sort of an excellent year (and maybe that's a conservative term if you really got in).

Both FOX & Reuters are reporting the Army's not happy with Palantir's latest software (unsure for what precise system or battle coordination). Note we viewed PLTR as very expensive already.

And Miami is opening a Stock Exchange--especially logical if wealth capital seeks an alternative to New York, should it go more socialist (as is ridiculous and known to never work in its pure form). And by the way neither Russia nor China are 'really' communist; but capitalist even if Beijing won't admit it ... that is why I call the Chinese essentially 'Commie Capitalists'; really autocratic.

Bottom line: pattern progression persists (good use of saying 'ppp'). So that means boring big-caps, exciting smaller-caps; especially quantum & drones, and an official proclamation about quantum that could assist the shares too.

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