The quantum computing stocks still trading over $5B valuations is pretty crazy.

Core PCE: April: 2.6% May: 2.8% Aug: 2.9% Dec: 3.0%

It will be funny when AI creates MORE white collar workers, not replaces them.

Rocket Mortgage super aggressive this morning. Ready to drop first year interest rate 100bps as an incentive. My guy, I was just checking current interest rates and running the mortgage calculator.

The funny part is watching the rest of the world pretty much yawn and ignore the AI and software drama. Japan up .75%. Korea 1.5%. We are so dumb.

Overweight exUS and rotating into belly treasury fixed income out of high yield & private credit have been really good allocation changes.

Watching all of the furus getting blown up is satisfying to watch.

I think the upside & downsides of AI are greatly overstated. Its going to create a handful millions of super productive workers. Anyone in a revenue generating client facing role is going to be able to spend more time with clients & building relationships.

The software + private equity/credit meltdown is pretty crazy.

Twitter is owned by a fascist who deliberately manipulates the algorithms to promote far right messages. Here’s why Bluesky has an intellectual diversity problem.

This is exactly right. The Onion quietly left Twitter a month ago and... our weekly subscribers went up. It's because we're doing well here, on Instagram and on YouTube. As a business, being on Twitter is somewhere between useless or detrimental, unless you're selling boner pills.

Bitcoin and crypto getting smashed lower is very funny.

Really great newsletter covering private credit / equity. The valuation piece is what I have been concerned about when looking at new interval pe funds. open.substack.com/pub/accredit...

This east coast storm is going to be something. Went from one inch to a blizzard twenty inches real fast.

Staying overweight international and emerging markets seems like it will continue to work for the foreseeable future. This tariff nonsense continues to weaken the dollar and rewrite global allegiances further. The money flow into DMexUS is also impressive to watch.

Florida real estate is also down kind of bad as well.

AI is somehow both in a massive bubble and is going to replace all technology and white collar jobs.

I think the pain trade for the next few weeks continues to be higher. Getting into the clients children getting involved and saying there is a 20% crash imminent to go all cash phase.

Congress will vote to lower the age to prosecute minors as adults from 16 down to 14 in DC. Let me get this straight: Congress wants to prosecute 14 yr. olds as adults, but they don’t want to prosecute adults who sexually abuse 14 year olds? Release the Epstein files.

GenX and Millennials need to take the keys away from Boomers already. Its time for these dinosaurs to all leave public office and enjoy time on the pickleball courts.

Sundowning started early. Trump more brain damaged than Biden.

"Emergency powers", after all, "tend to kindle emergencies." Damn.

This is where prediction markets are interesting. I had a good hunch tariffs get killed after listening to the hearing. No idea how stock market would react. In this case it was better to bet on kalshi instead of buying stocks. I’m not a degen and didn’t actually do it but get the appeal.

State of the Union should be electric with the SCOTUS justices sitting in the front row! Goodbye tariff man.

Now lets see those tariffs ripped to shreds at 10am.

Warm inflation, cool GDP. Bad.

The customer paid more, the market got less efficient, and everyone lived happily ever after. 🤡

1/ Truly incredible find by @robschmied.bsky.social, which he has posted on X.

I just explained to my students that crooked politicians always like to use the passive voice to avoid accountability, and this is a pretty solid example. Exonerated by whom, sir? When? How?

Trump wants to kill 1000s of Iran civilians to distract the media away from the Epstein files.

A little baggy but the selling in the public PE/PC names outside of OWL is a little over done. These companies generate so much cash flow. Insiders need to start stepping up with insider buys and boosting share buyback authorizations.

UK: Prince Andrew arrested. South Korea: Former President Yoon sentenced for life. Brazil: Former President Bolsonaro serving a 27-year sentence. USA: President Trump demands $10 billion payout from taxpayers.

Tariff man at work backfiring. US DEC. TRADE DEFICIT $70.3B; EST. -$55.5B US DEC. IMPORTS RISE 3.6% M/M US DEC. EXPORTS FALL 1.7% M/M

Shoot all of these people into the sun. www.bloomberg.com/news/article...

I think the BCRED redemption window is open until March 2nd. I think that’s the most interesting one.

Trump is going to kill thousands of people in Iran instead of releasing the Epstein files.

Once you learn the 2% inflation target was made up in 1990 by a New Zealand central banker and adopted by Bernanke to stimulate growth in the 2010s how stupid everything really is.

Private Credit is very thirsty in my inbox the last 2 weeks.

I am in Apple iPhone hell. What did I do?

Phone is dying (sim card not detected and won't charge). Going to be finally switching to Apple after 15+ years on Android. Been emailing back and forth with my wife like its the stone age letting her know what is going on and different options.

Not sure if I was lucky or good when redeeming all private credit last month. The SaaSpocalypse Is a Credit Event, Not a Tech Story open.substack.com/pub/davefrie...

Hooked up a 3rd monitor (2nd external) to my work setup and can already work 33% faster.

I am really happy that I know nothing about what this or the original tweet is.

MacKenzie Scott's net worth is less than a third of the most generous billionaire on this list but to date she has given away an amount close to half of Buffett's donations, multiples of anyone else on the list while innovating a whole new model of more fficient & effective giving...

Mom at work and have the kids for Presidents day. Its awesome!

DEAR SENATE, IF YOU ARE FORCED INTO A FILIBUSTER OVER THE "SAVE ACT", I SUGGEST YOU READ THE EPSTEIN FILES OUT LOUD INTO THE RECORD.

Clown data. 🤡

Retail has been buying the dip bigly in Software #$IGV while the big boys have been liquidated.

CPI not bad US JAN. CONSUMER PRICES RISE 0.2% M/M; EST. +0.3% US JAN. CORE CPI RISES 0.3% M/M; EST. +0.3% US JAN. CONSUMER PRICES RISE 2.4% Y/Y; EST. +2.5% US JAN. CORE CPI RISES 2.5% Y/Y; EST. +2.5%