Chief Market Strategist / Partner @ Pivotus Partners. Always seeking truth / assessing risks. My opinions only. Not investment advice. Do the work!

Joined January 2017
I write macroeconomic and strategy assessments for the institutional investment community. My posts here are things that I find interesting, thoughtful, or merely just entertaining. Although some of my posts may reflect strongly-held views on the investment landscape, that doesn't mean those views won't change as facts change and it certainly doesn't mean those things are right for YOU! Proper investment advice involves a deep understanding of your goals, needs, and risk-tolerances. Nobody should consider anything here investment advice, but rather, merely informative. I'd probably offer the same level of caution about getting medical advice here too, by the way. Have a health issue? See a doctor. Want to devise a financial plan? Well, see a financial advisor. Twitter ain't going to cure you in either instance.
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Sounds like Nick Cage doing a bad Nick Cage imitation while dressed up like John Madden. #NFL
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You really have to believe some very bad things to knock Brazilian stocks down 25% on an election where the winner is a known known and the economy is doing quite well ...
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You could be totally right on your fundamental view and someone pushes a button and down you go....
I’ve been saying for several years that the Quants run the markets. They have a huge slug of money, they trade constantly on massive leverage, and, most importantly, don’t have to worry about taxes. Now GS has got data to fully back up my point:
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Payroll tax withholdings suggest that passive stock flows are still positive. So there's $20T in equity here that has a handcuffed buyer. I think that's the part that people don't mention enough. Yes, there are massive buildouts and debts, but there's also the ability to raise cash on equity markets and yet the index buyer can't even punish them. This is why I think you're seeing more and more ATM stock offerings. Debt markets tightening? Then they just start pounding on the passive buyers.
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Richard Farr retweeted
Senior Iranian Official To Reuters: Qatar Has Not Presented A New Proposal To End Hostilities With US - Qatar Has Put Forward Ideas That Are Unacceptable To Iran - Tehran’s Policy On Showing No Flexibility Over Nuclear Issue Remains Unchanged #OOTT
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Notable reversal in CDS today. If credit conditions free up, we'll be off to races again.
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Richard Farr retweeted
COREWEAVE 5-YEAR CDS NARROWS TO LOWEST LEVEL IN OVER A WEEK, LAST AT 1041.4 BPS - MARKIT DATA
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A.I. CDS a hair better yesterday. Let's see how today goes.
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Important to understand this. Big company gets index and ETF buying. Small company? Probably needs to be bought by the big company or let PE do all the work.
Anthropic next. With levered funds already lining up, should be “well received” by ewe. Odd how the small IPOs are failing while the trillionaires are coming… 🥴
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Richard Farr retweeted
*IRAN SUPREME LEADER CALLS FOR MEETING CONDITIONS TO END WAR *IRAN'S KHAMENEI AND REZAEE DISCUSS UNITY, HORMUZ MANAGEMENT
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So if there's going to be "stranded compute" and "guppy level death" in 2027, why the fk would you borrow $40B to buy compute for 2027 delivery? Something sounds like BS.
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Richard Farr retweeted
I am shocked, absolutely shocked, that Anthropic ARR has likely gone vertical in October after they cut token prices. Except the exact same thing happened for the entire AI market, which is why GPU rental prices have surged while token prices declined. $100b plus in year-end ARR looks possible again.
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Folks, Lula has been President of Brazil for 12 years. He's not about to lead Brazil into guppy-level death.
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Richard Farr retweeted
*ANTHROPIC TO RELEASE S-1 AT 9AM EST: FOX BUSINESS
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Here we go! #Steelers #NFL
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Richard Farr retweeted
Do yourself a favor and read these comments. Might be the best comment section I’ve ever seen
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Oppo two batters in a row. This is how the game was meant to be played. So great.
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This is going to be a fantastic World Series. This is real baseball
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