PS
Outperforming without a clear catalyst yet
- PS +2.65% on the last session vs SPY −0.04%: +2.7 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices PS only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
48.32 +6.0% reached 3 in 10 days |
51.94 +13.9% reached 3 in 10 weeks |
| Now | 46.79 · prior close 45.58 | |
| Bargain buy side |
42.99 -5.7% reached 3 in 10 days |
40.00 -12.2% reached 3 in 10 weeks |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 42.19 | 2 in 10 days | 49.25 | 2 in 10 days |
| Balanced | 42.99 | 3 in 10 days | 48.32 | 3 in 10 days |
| Eager | 43.76 | 4 in 10 days | 47.47 | 5 in 10 days |
| Next 5 sessions | ||||
| Patient | 38.34 | 2 in 10 weeks | 54.19 | 2 in 10 weeks |
| Balanced | 40.00 | 3 in 10 weeks | 51.94 | 3 in 10 weeks |
| Eager | 41.61 | 4 in 10 weeks | 49.92 | 5 in 10 weeks |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From PS's daily swings (about 6.0% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
Big drop and big gain: among PS's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time and 52-week closing high Oct 6, 2026 |
59.64 +27.5% |
| Stretch, next 5 sessions | 51.94 +11.0% |
| Now | 46.79 |
| Previous close Oct 14, 2026 |
45.58 -2.6% |
| 50-day average | 44.96 -3.9% |
| Bargain, next 5 sessions | 40.00 -14.5% |
| 52-week closing low Apr 29, 2026 |
24.07 -48.6% |
Closing prices. Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.