It’s comforting to know our President is a nihilist who doesn’t give a shit about anything in times like these

For amusement purposes only

Jim Cramer suggests on CNBC that Trump could “bomb Tehran into the Stone Age” until Iran reopens the strait, citing U.S. bombings of North Vietnam in the 1970s. Carl Quintanilla points out to him that Hanoi won that war.

Is this a dead cat bounce for semis and tech or the start of a new uptrend? Sound off in the comments

Tech is defensive now bc of the short term memory of people who made money on it recently

RESULT: The AP calls it, that there will be a runoff between Democrat Shawn Harris and Republican Clayton Fuller in April (meaning they’ll take the top 2 spots and neither will get 50%).

This is the reddest district in Georgia, though Dems are at least going to get a big overperformance today.

I think of it as another exogenous not intrinsic shock similar to April of last year with tech. You have to pick your spots and some software/payments cos will be losers I’m sure.

They’re both good companies. It just shows you how the market is discounting “AI targets” and yeah the CCCA has a chance to pass as wells as credit caps but unlikely imo.

You’re getting $MA at 25x NTM PE growing EBIT 15-20% versus $WMT at 42x growing EBIT…2%. Yeah I know, Claude code disrupted payments, no fraud risk with AI or anything.

bsky.app/profile/jdla...

What is happening to Larry Summers will also happen to this current admin’s lackeys once the C Suite class and their media outfits have permission to speak freely.

cc @atwilliams.bsky.social

They’re worth it imo

Short of a Jetsons scenario where a robot literally does my laundry I don’t see myself being impressed with any of these incremental “agents but for X” headlines that the AI industry keeps pumping out

New: A Houston woman is suing Tesla in Harris County, alleging that her Cybertruck, while using Tesla's "Full Self-Driving mode" tried to drive the car off of a bridge. Here is the dashcam footage provided by her lawyers: www.chron.com/culture/arti...

The long-term demand outlook for oil is more or less flat for the next few decades

That’s why they’re the semis of last year imo. Well maybe not like SNDK.

I’m less of a PE/PC/bank guy but the space feels like this

I think QQQ being up while RSP down 2%+ over the last five days tells you more about the cohort of buyers and where they’ve been rewarded most recently than anything fundamental.

Semiconductors acting as a safe haven in the global war scenario

There is a lot of chat about whether this will be "as bad" as 2022. From inflationary pov, unlikely. And CBs shouldn't be too worried about wage-price spirals, despite the endless overshoot. But my worry is that it tips labour markets over - and that risk is bigger than in 2022

Me and the boys saving democracy

While Irans use of the energy weapon is probably going to work it will degrade it through the policy response elsewhere: absolutely breakneck decarbonisation. A bit like US sanctions.

The DOJ released evidence, which the FBI deemed credible, that the President of the United States sexually and physically assaulted a 13 year old girl AND she was afraid to talk about it because Trump would kill her—and it’s somehow not the biggest scandal in American history?

The NFC South

Looks like I’ll be taking the train into work now. God bless the megalopolis.

I watched “The Parallax View” last night, incredible movie in the best era of Hollywood, and it’s not hard to see art becoming that cynical again now.

There’s no evidence they care about polls. The stock market is the only check on Trump.

I'm out of words here

the IRA is an unfortunate example of the failure of the non-bigoted theory of popularism

it was a good law that poured piles of money into infrastructure (in rural areas!) and they got zero credit for it from the people who complain about those sorts of things, because the complaining is the point