$1,000 follows their calls into $1,124
Jack Farley@JackFarley96Meta selling compute is not great news for Coreweave $CRWV. To put it mildly $META
Jack Farley@JackFarley96The ~120% rally in tripled levered short semis ETF $SOXS rivals the (hypothetical) ~157% gain in 3x short Nasdaq from peak of dot com bubble to bottom Forward returns for $SOXS will be exceptionally poor. Variance drag will devour this product alive. Do not buy.
Jack Farley@JackFarley96If Meta and Microsoft raise capex significantly and the Fed doesn't hike, the snapback in semis could be extreme.
Jack Farley@JackFarley96This could be very very big. Interesting to see who is on here and who is not. Pathward (a stock I am invested in, for reasons 0% having to do with stablecoins) on the list. Also $AXP $MA $V $USB $ICE $FISV $DASH $COIN $BLK $ADYEY $AFRM NOT on list: JPM/BofA/Citi/Wells/PayPal
Patrick Collison@patrickcDelighted to partner with Visa, Mastercard, Coinbase, Cloudflare, Google, and many others, to introduce Open Standard, a new stablecoin designed for scale:
Jack Farley@JackFarley96I was dooming on private credit before it was cool (I have receipts!) but I think there is value in a few public private credit BDCs right here right now. For example $PSBD $OBDC $OTF AI killing software is a risk here but one that can be easily hedged by being giga long
Hedgie@HedgieMarkets🦔Lawsuits accuse private credit funds run by KKR, Ares and Blue Owl of keeping their loan values high to collect bigger fees, Semafor reports. Last week the SEC warned accountants to bring more rigor to how these funds value their loans. My Take Private credit means investment
Jack Farley@JackFarley96This
VKMacro@VKMacroI really think meta just becoming a cloud is more bearish since it shows a lack of higher roic internal use cases
