Nice bounce day so far. Several firms came out with positive research notes today on risk stocks and we are seeing a reflex rally. However, I don’t think it’s fair to assume we are out from the shark infested waters just yet. After 9 days down in SMH, it’s normal in any type of market...Read More

All in broadcast did a good job explaining this, juxtaposing it against the dot com era and how it isn’t the same narrative. I’ll have more to say during tomorrow’s newsletter. POD UP! 🚨Ben Horowitz (@bhorowitz) fills in for @friedberg!— CoreWeave's Tanks After Debt Selloff: Did the AI Trade Just Crack? $CRWV — AI Deflation...Read More

I was gonna head out and bury myself in some booze — but wanted to leave my thoughts with you first. We shed 116bps in broken elevator action for tech. I have tried to insulate us from the current drawdowns best I can — but the selling is unhinged, with semis now down 8 days...Read More

Full liquidation mode in the morning, with many an AI stock off by 20% in a week. Doom and gloom cast its shadow wide and far — fears and doubts about the future laid in the way of traders. Then ORCL went green and later CRWV and it was off to the races. We managed...Read More

A $26b fund out of Princeton is rumored to be in trouble. It should come as no surprise, after recently getting bogged for 44% in July.Regulatory filings show positions in NBIS CRWV INTC MU WDC AMD CBRS CRDO NVDA AMZN TSM FIX VRT LITEThe panic selling this morning felt like a liquidation and many names...Read More