Anthropic’s financials are ugly — so much for the notion they make money. No wonder they want to report earnings before expenses:
On OpenAI:
From Wolf Street:
Anthropic Lost $42 Billion on $4.6 Billion in Revenues in 2025: Leaked IPO Prospectus | Wolf Street
What to Do?
Position: None
The market may not be selling off solely because of oil and Iran. Investors may be starting to price in another troubling risk.
The S&P Short Range Oscillator remains deeply oversold at -5.37% vs. -4.55%.
Position: Short SPY (VS), QQQ (VS)
Much of the market is already oversold, and the election may trigger a turning point.
Bond yields hit fresh multi-year highs, while oil whipsawed on Iran headlines, sending the S&P 500 into the red for September.
Position: None
Resist the temptation to bottom fish stocks that have no support.
Position: None
Wolf Street howls about the repo market.
This is a very good read.
Position: None
