The Currency That Prints Itself
The Currency That Prints Itself Six trading days. That's how long it took SpaceX to go from a $135 IPO price to a market cap large enough to leapfrog Microsoft. The company…
Topics
Congratulations, You Bought a Calendar
Congratulations, You Bought a Calendar SpaceX went from $135 to $225.64 in five trading sessions and nobody on financial television could stop talking about the human spirit.…
To Every Fund Manager Who Put SPCX In Their Model Portfolio This Week
To Every Fund Manager Who Put SPCX In Their Model Portfolio This Week Memo format. No sender. No recipient. You know who you are. Let's establish what actually happened.…
The 500 Doesn't Know What It Is Anymore
The 500 Doesn't Know What It Is Anymore Sometime before Monday's open, a committee of investors who never touched a can of soup in their professional lives will finally finish…
The math
MEMO TO: The pension fund trustees who think they made an active decision this quarter FROM: The math RE: You now own a piece of SPCX whether you wanted to or not Let's walk…
The Producer Price Index
The Producer Price Index doesn't usually get its own day in the sun. It's the data release that exists to be quoted in someone else's report about the data release that mattered.…
Notes From a Long Position That Did Not Survive June
Notes From a Long Position That Did Not Survive June The first crack was $72,840. Intraweek high, end of May, and I remember thinking that was the number where this finally felt…
the Bitcoin/Strategy carnage
3:47am and I'm staring at a chart that looks like someone dropped a bowling ball down a flight of stairs. BTC is sitting around $63,800, off the cycle high of $126,198 by exactly…
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