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F.O.R.T.
The equity rally. You missed it.
Ok, maybe you didn't, but some people might've. And if they didn't
I am the “worry” in the “wall of worry.”
How could the hyperscalers fail to report an excellent quarter after booking even a accrual-based fraction of all of the revenue from circular funding deals? Especially given the cozy relationship between CFOs and analysts? Undercommitment will majorly over deliver this quarter and any negative guidance will be construed with a nod and a wink.
I am in the curious position of not having entirely missed out, but having reached for ex-US securities in the aftermath of Liberation Day, I’m decorrelated somewhat from SPX movement.
Do I want to put my money where my mouth is and buy a few calls in my play-money account? FORT is tempting, even for a retail investor.
If you would like a contrarian indicator the fed just announce a 30% reduction in the number of employees in its bank regulation staff. When I was in money and banking in college back in the stone age lighter regulation was considered a part of monetary policy- lighter regulation equalled stimulus. You won’t hear the braking class of wall street economists put it that way, but it is true.
What could go wrong?
‘Braying’ not breaking