InsideArbitrage Special Situations Newsletter: June 2026

The Perceived Disrupted

Last month, I wrote about how the current market makes me extremely uneasy because it feels like 1999. In response, the S&P 500 posted a gain of more than 5%, the NASDAQ registered gains of over 8% in a single month, and our model portfolio managed to generate nearly 12% of gains. A good mix of AI-related names (SanDisk, Marvell), energy names (Tidewater, Dorian LPG), and, more importantly, the “perceived disrupted” (Commvault, Navan) have all helped the model portfolio in recent weeks.

This is the part that worries me. In past bull markets, I have noticed that even the laggards and weak companies start participating towards the tail end of the bull, and I’ve often used those opportunities to exit less desirable investments. This is what I plan to do this month…

Please check out the full newsletter from the attached PDF.