Is the Gamma Squeeze on Vapors?
Position: None
Tech Tumbles, SpaceX Soars, Warsh-Era Begins
Let’s examine what to expect from the FOMC, look at post-IPO SpaceX, and peer down at Marvell, Intel and KLA Corp.
More Market Structure Concerns
Position: None
My Tweet of the Day
Position: None
Microsoft and DeepSeek
How can this not hurt the IPOs of OpenAI and Anthropic?
Position: None
Margin Debt
“In the old days” Fundstrat’s Tom Lee used to be most concerned about a rise in margin debt — but, no more:
Now, nothing concerns the perma bulls.
Position: None
Warsh Faces Dilemma Amid Investor Hopes for a Dovish Fed and Inflation
The new Fed Chair will have a difficult time delivering the rate cuts that Trump desires.
Spacey Equals Speculation
And with the introduction of double and triple SPCX options, the circus begins…
Position: Short SPCX (VS)
History May Not Repeat Itself, But It Rhymes
Buckle up:
Position: Short SPCX (VS)
More Tales From Nvidia: The Fissure Between Reporting Revenues and Costs (Issue #203!)
Excerpt:
“On iConnections, Chanos explains the CapEx boom accounting mechanics: when a company buys AI infrastructure, Nvidia books revenue and profit immediately. The buyer capitalizes the cost and depreciates over 5-10 years. During the boom, Nvidia’s profits inflate dramatically. When the boom ends and order books get pulled, revenue collapses immediately.”
– Jim Chanos
Position: None