Conor Sen

Having to buy tickets to the elementary school basketball game your kid is playing in feels like a racket.

Here’s the Carney statement:

Not a headline I expected to come across the Bloomberg Terminal:

*CANADA SUPPORTS US ACTION TO PREVENT IRAN NUCLEAR CAPABILITY

Everyone got their Claude merch to show out at the bougie farmers markets?

So the role of bitcoin in the financial system has become the risk asset people can sell when Trump’s doing yet another stupid thing while real markets are closed for the weekend.

🤓

When OpenAI and Anthropic are public, we can’t expand the Mag 7 to the Power 9, that’s already taken:

Sama just posted that OpenAI got the contract:

Anthropic has framed the issue well: "you can use our models for anything other than domestic spying or autonomous weapons."

I am not sure how any of the other AI companies can comply without absolutely horrendous rep damage

Yeah, you can’t get there based on the economic data we’ve gotten this month.

YTD performance:

2-year yield -10bps
10-year yield -23bps
Equal-weight consumer staples +14.5%

Nasdaq 100 -1.1%
Banks -2.9%
Software -22.8%

Could they even put it into the indices when the float is going to be such a small % of the market cap?

10-year yields going out at the lows:

$GOOGL, $META, and $PLTR all bounced after the Trump Anthropic headline.

White House gonna be serving up uhh Claude-flavored tacos.

This is such great marketing for Anthropic.

My bad, guys. I was in a hurry.

“A listing for SpaceX would raise as much as $50 billion, people familiar with the preparations have said.”

And Home Depot, Delta, and UPS are pretty far afield from AI disruption. Plus all the airport workers, Georgia Tech/Georgia State/Emory, etc.

I don't know, I think "stocks down 30%" is the equivalent in NYC.

“You could make a billion dollars or get laid off tomorrow” is a tough dynamic to foster community.

There are plenty of apartments here, nobody will be competing with OpenAI/Anthropic employees for housing, there's not a risk of 20% of local knowledge workers getting blown out in a recession or from AI disruption. There's just less of that kind of angst.

Something I don't miss about living in a high cost of living city is because you need to make a fortune to actually get ahead and there's only one industry path to doing so, everyone gets really twitchy when things are booming or busting. Ai doesn't feel existential to Atlanta the way it does in SF.

People coming to grips with inflation/the Fed raising rates a lot.

Days where bank stocks were down over 5% -- covid, March 2022, SVB, Liberation Day, today:

Is $WAL down 11% a "Well they probably have some software loans" trade?

Whoa, $GS down 6%+

What's happening in the stocks of financials is a bigger market concern than software.