Insane dive from profitability into the red for the former cash cow known as Oracle. The stock is up about 9% today after FQ3 report. Just dunno, how you look at this and feel any confidence in the ROI of the AI data center business.

NEW: A group of 22 retired senior military officers file an amicus brief supporting Anthropic in lawsuit, including Gen. Michael Hayden (ret), former Director of the CIA, NSA, and DNI. “Taking such a step without firm grounding in law is dangerous.” sherwood.news/power/group-...

Reporter seeking freedom of speech in the US arrested for exercising freedom of speech in the US

Per Goldman, 70% of S&P 500 companies are mentioning AI on Q4 earnings calls. But just 1% are quantifying the technology’s impact on earnings. That gap underscores why people have gotten a bit jittery about the ROI on the hundreds of billions hyperscalers are spending on data centers.

Somebody should write a novel about a despondent accountant entitled “Useful Life” ...

Out of control sycophancy seems to be a defining feature of our culture. Even for AI. sherwood.news/tech/report-...

The press has been yapping about risks of CLOs and BDCs, for years. (And I include myself in that, see below.) But this chart is pretty interesting in light of the software crunch in the market lately. www.nytimes.com/2018/10/19/b...

In the near future we will hoard SD cards and use them as currency. From @matthewsphillips.bsky.social sherwood.news/markets/for-...

New: meet ELITE, the Palantir app ICE is using to find neighborhoods to raid. Map interface; officers search for immigrants; click person to bring up individual dossier. This is clearest link between what Palantir is building and ICE's activities on the ground yet www.404media.co/elite-the-pa...

Do people check and/or respond to work email any more? If you don’t have a cell number to text, how do you reach out to speak to somebody new? Would love to hear reporter suggestions and or tips.

Great Ben Snider chart from Goldman equity note this week. Stocks are already hitting more extreme levels on concentration, valuation and rally magnitude than during 1929. Is ‘26 to be a blow-off top year?

Money sometimes sleeps: www.nber.org/papers/w34267

So sad. Loved this guy’s work. Sheeeee-it.

Read @jonkeegan.com on Hyperion: Tax “breaks afforded to Meta on just the sales tax of GPUs would come out to more than $3.3B” Equal to: -33 new high schools -public teacher salaries for > 1Y -more than 7 years of the Louisiana State Police budget sherwood.news/tech/hyperion/

Just wondering if there’s ever been a software analyst on Wall Street that used “Saasquatch” as a titular pun on a note.

Jazz Fest lineup just announced and it looks great!! www.nojazzfest.com/music/

Fantastic work, everyone www.nbcnews.com/health/healt...

Cisco (CSCO) hit a new closing high on Wednesday, and in doing so finally surpassed the dot-com era peak that briefly made the tech hardware company the world’s most valuable corporation a quarter cen https://sherwood.news/markets/after-a-quarter-century-cisco-surpasses-dot-com-bubble-closing-high/

Interesting market price I’ve been watching lately, from Morgan Stanley’s big note on tech hardware, which clobbered Dell shares today ...

Can’t stand this, “People on the right shouldn’t support the Trump administration’s effort to suppress free speech because eventually it’ll be used by leftists against them!” What about: It’s wrong. This is a free country. Americans have a right to criticize the government and the president.

Buried two scrolls down on the Journal’s website: Seems like it would warrant a bit more attention. But what do I know.

Are with in the midst of an asset bubble? Here’s one piece of evidence brought to my attention in a recent chat with David Kelly, chief global strategist for JPMorgan Asset Management.

We’re peacefully protesting for our neighbors. What does ICE do? Pick us up and throw us on the ground. No arrest, no identification, no process.

Israel is committing genocide against Palestinians in Gaza, a legal analysis commissioned by the UN's Human Rights Council says. According to a team of independent experts, four of five legal markers defining genocide have been met. Israel slammed the report, calling it “distorted and false.”

The Palestinian freelance AP photographer who took these pictures, died in the Israeli airstrike on Nasser Hospital on Monday, the AP said: apnews.com/article/mide... These images, many of starving, dying or dead children, are incredibly difficult to look at: apnews.com/photo-galler...

Corporate America plans to raise prices. (Chart, Morgan Stanley)

Did you guys feel another tremor?

Not trying to troll the Blue Sky faithful ... but Trump was kind of right. sherwood.news/markets/japa...

@matthewsphillips.bsky.social makes the (convincing) case that Palantir’s valuation is INSANE sherwood.news/markets/pala...

It’s always Christopher Reeve. The greatest. Incidentally, pretty sure those movies are why I became a reporter. I still have my lunchbox somewhere, which shows Clark Kent getting yelled at by his editor. www.nytimes.com/2025/07/16/m...

AMC TL;DR sherwood.news/markets/amc-...

New high for stocks. sherwood.news/markets/stoc...

New post just dropped: sherwood.news/markets/gold...

Don Zimmer! 1955! Check the ups.

Really great work from Sherwood’s @jedwrdmoreno.bsky.social covering the murky “franken-pills” telehealth companies are increasingly pushing.

Where are the customers’ marinas?

Excellent bad sell-side research pun here ... chef’s kiss.

The word “tax” does not appear in this story. Remarkable.

Getting Yippy. sherwood.news/markets/the-...

Been doing a lot of thinking about boxes. sherwood.news/markets/as-g...

Sherwood News is THE ONLY PLACE you get this level of stock market insight! sherwood.news/markets/say-...

WSJ great Jason Zweig is a must read on Buffett’s farewell. But I did chuckle at this phrasing: “a human form of artificial intelligence” That’s what we used to call, wait for it.... intelligence! www.wsj.com/finance/inve...

Important Associated Press reporting — and disturbing images — out of Gaza, where after a three-month blockade by Israel "acute malnutrition among children is spiking." apnews.com/article/gaza...

Palantir’s CEO Alex Karp made $6.8 billion last year, according to the company’s just-filed proxy. (For the record, Palantir was the top stock in the S&P 500, rising 340% in 2024.) $PLTR But still. Wow. sherwood.news/markets/pala...

I believe this is what technical analysts might call a “weak ass tape.”

Wall Street is finally starting to trim earnings expectations for Nvidia ... $NVDA sherwood.news/markets/nvid...

I counted 500 Cybertrucks, or >1% of all of them owned in the US, just sitting in the parking lot outside the Tesla Texas factory where they’re made sherwood.news/tech/look-at...

Unbelievable work @jonkeegan.com is doing at @sherwood.news !

This doesn’t look good. I’ve never found too many helpful signals in the NY Fed’s manufacturing survey. But this is pretty sharp drop in expectations, chart from a Goldman note published Tuesday.