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Nvidia (probably) saved the day
Together with Good Morning, Nvidia’s crucial earnings beat didn’t do much to boost stock market sentiment after-hours, at a time where US equities are already taking a beating. On a related note, active fund allocation to Big Tech stocks fell to the lowest since 2008. Move on from the daily deluge of tedious tasks and …
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Mediocre 7
Together with Good Morning, US stocks tumbled further after another round of pessimistic economic data, with major indexes turning negative YTD and Big Tech stocks taking a blow on the compounding threat of Chinese AI competition. Investors are nevertheless unironically hoping for Nvidia’s earnings today to change the tide. Automate your complicated business spend and …
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When AI meets Wall Street. A deep dive on Brightwave
Brightwave is revolutionizing the way Wall Street professionals work with their powerful AI platform. If you work in financial services, this deep dive is for you.
More from the archive
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BofA is overworking its bankers
Markets remained relatively calm on an information-light trading day. Meanwhile, BofA is dangerously overworking junior bankers, Elon Musk interviewed Trump on X, private credit is gambling on consumers, and the Olympics memes keep rolling in.
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Grande Lattes Deserve Grande Returns
Activist investors are pouncing on Starbucks, Hindenburg is back with more Adani drama, retail investors were unfazed by the dip, UK inflation is forcing couples to stay married, and investors are taking major directional bets amid a volatile market.
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Intel’s Billion Dollar Blunder
Lazard is on a hiring spree, Trump wants presidents to influence rate policy, Google and Meta struck a secret ads deal, Jeff Bezos is investing exclusively in AI, and Intel reportedly passed on one of the best investments of the decade.
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Short volatility in this economy?
Short vol bets got clapped, corporate credit spreads surged, JPMorgan raised US recession odds, Lumen became an AI stock overnight, and UK wants to emulate the Maple 8.
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PE Under Fire Per Usual
Lawsuits are piling on KKR’s founders, Vista is winding down its hedge fund, SEC is investigating banks over alleged cheating, traders piled into Treasury longs at record pace, OpenAI’s co-founder joined rival Anthropic, and Kamala chooses Minnesota Gov. Tim Walz as VP pick.
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Kuro Monday
Global stock markets got cooked, traders piled into tail-risk hedges, retail brokerages were hit by outages, Google search was found to be an illegal monopoly, and Japan markets re-lived Black Monday only to rally the next day.
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‘Twas Fun While It Lasted
Nasdaq entered correction territory, Japan stocks entered a bear market, the yield curve almost un-inverted, economic data triggered a recession rule, and a junior IB analyst won gold at the Olympics 💪🇺🇸
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YOLO Nvidia Bets Are In
Nvidia volatility surpassed Bitcoin’s, a divided BoE cut rates, hedge fund allocation to China hit a five-year low, Google is hoarding Nvidia chips for YC-backed startups, and the 9/11 mastermind will avoid the death penalty.
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Credit Where Credit is Due 🤷
Stock market ripped, Japan raised rates, shareholders sued CrowdStrike, Bill Ackman canceled IPO plans, KKR is swimming in fees, Oaktree exited to Kylian Mbappé, and Ares smashed HPS’ record with a behemoth private credit fund.
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Mid Tech Earnings
‘Earnings Super Bowl’ week continues on as as early Big Tech earnings came in mixed. Elsewhere, Spirit is abandoning its low-fare strategy, wealthy investors are driving record gold demand, and Intel is laying off thousands.
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Wells Fargo’s DEI Sham
Wells Fargo conducted sham interviews for DEI candidates, UK is cracking down on PE bonuses, Hedge funds are ditching European shorts at record pace, and Toyota’s chairman may lose his board seat.
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SPACs Are Back
Short seller Andrew Left was criminally charged, SPAC deals are poised for a comeback, Hudson Bay accused the Fed of engineering lower long-end yields, and Bill Ackman delayed the IPO of his new closed-end fund.