@mrmarketmis.bsky.social
Collector of shares | Value investor at hearth | Purveyor of fine things "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so” https://mrmarketmiscalculates.substack.com/
This is a great chart: "Tech Spreads Diverging Sharply on Credit Quality"
Despite record supply to fund AI data center expansion, USD IG tech sector spreads have remained relatively contained. However, USD HY spreads have diverged sharply wider in recent months.
When you let Pete the Warrior go on binge drinking
Have you ever heard of the Rashidun invasion of the Sasanians by Caliph Umar?
Kristi was expendable (she's a woman), but the Warrior?
Really need to start issuing licences to allow people to vote: this thing that 'democracy means that everyone has the right to vote' is getting out of hands
And everything is paid by Soros!
Aged like milk
The clients' new corporate strategy started to make sense
Hackers managed to access McKinsey's communications and strategy slides for clients, and then they gave them back as useless gibberish
Or worse, there is Fund II but it tags along for years invested in things that will blow up in the next credit crisis but currently yield only 4% because the best distressed opportunities are gone
Help stop Russia's participation at the 61st International Art Exhibition of La Biennale in Venice
@ddotdisplay.bsky.social
@antongerashchenko.bsky.social
Software maturity wall: $40 billion in 2028, dominated by lower-rated B- credits, exposing the sector to refinancing risks amid AI disruption and rates higher for longer (source: Apollo)
Jamie Dimon taking no prisoners: this means less liquiity to fund redemptions for private credit funds
"JPMorgan marking down loan portfolios of private credit groups"
www.ft.com/content/389a...
Who would have thought that the first jobs displaced by AI would have been in software?!?
It wouldn't be EU... @smtuffy.bsky.social
So after 'creditor on creditor' violence, we are finally at the 'sponsor on creditor' violence phase of the cycle
Yes, if the are Iranian
Probably no if they are Russian
"Why did you post about the oil tanker escort?"
Stiffing NASA to favour SpaceX was really a good policy...
Yeah, these are my Squid Boys, getting blood out of every stone!
Calling Hedge Fund Karen 'Monsieur' is the chef's kiss of AI hallucinations
"Hey Mike, is there any fraud going at the company?"
(Bill Ackman, to Michael Pearson, CEO of Valeant, a real exchange...)
Which part of the cycle are we in when someone like me is invited to fund a "ride-hailing marketplace built specifically for pets and the people who love them"?
(also, New Yorkers last year spent more than $17m chauffeuring their pets around town?!?)
"Après moi, le déluge": thanks Donald...
Rare intelligent post on LinkedIn (on pod shops)
"Some institutional allocators are already pushing back
[...] whether the capital spent on talent acquisition is producing compounding infrastructure or just cycling through the same 200 PMs who rotate between the same five platforms every 18 months"
not the top 30, but #55, #53, #59 and #65, respectively
