Big Netflix Cut Reaffirms Our Growing Concerns
Layoff news is overshadowing more worrisome churn data from Apptopia.
Contributor Comment of the Day
From “Meet” Bret Jensen:
Bret Jensen
Just shocking dept.
CoreWeave shares tumble over 16% as bond yields near 15% on concern about AI borrowing binge.
Thank goodness the three founders of the company have been able to dispose of over $2.3 billion in shares to retail investors since the company IPO’d in 2025. I would hate to think such upright individuals would end up in the poor house. Stock is now down over 60% from its post IPO highs.
Position: None
From The Credit Strategist
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More Good Stuff From Nina on Cannabis
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Our Plan for Big Bank Shares Hinges on 2 Things
Morgan Stanley delivers on wealth and equities, while Bank of America absorbs a $1.2 billion penalty.
Still Adding to Cannabis Holdings
Once again, as you can see from the tweets I have published in my Diary, today’s news is yet another procedural setback.
Fortunately the judge has given the DEA only one week (on ten pages) to respond.
I continue to add to cannabis — with concentration of $MSOS and $GTBIF.
Position: Long MSOS common (VL) and calls (S), GTBIF (S)
Varrell on Cannabis
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Howling About Sticky Inflation
Wolf Street howls about persistent inflation.
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Chart of the Day: Robotics ETF Lands on Strong Support
The 200-day moving average has been a previous level for a good bounce.
Another Delay
Another week delay in the cannabis rescheduling process:
Position: None