The parabolic surge in Avis reached new heights, with shares halted for volatility More motivated buyers than motivated sellers....

Some $CAR thoughts sherwood.news/markets/the-...

That may be a reasonable assumption given what we know about how Pentwater has structured its position. But foggy AF.

The counter to my counter is the expansion of OI itself creates more of a scramble to accumulate the underlying (to the extent the action tilts bullish), and that might be driving the bus here.

But you’d need to assume a lot of sold to open puts rn for that to be dominant force, I think?

One question I have is, when the stock is trading $3B a day, how do shorts not get out? If the “constrained supply” is the vehicle for the squeeze, how is that not belied by the actual volume metrics?

garbage in garbage out would be my worry in that approach

A few weeks ago I was worried it might be 2022 but it is in fact still 2021 until further notice.

i would more look at it and say “why would we ever be defaulting to two cycles of job openings as the barometer for what = the economy”?

fwiw, this is also my position.

But it being its own weird thing is now starting to spur things that are more GME-y and less like CAR.

It’s Q1 2021 my friend :)

Never know whether to assume that writers are operating in bad faith or simply don’t know better but whatever the case, this is why editors are supposed to exist

Me when editors ask if I’ve filed yet:

*TRUMP: DON'T WANT TO BE RUSHED BY PEOPLE WHO ARE 'TREASONOUS'

Yeah everything’s broken. Best thing to do is probably click on the things I write over and over and over and over until there’s a fix, obviously

looking into it (but yes)

Amazon to invest up to $25 billion more in Anthropic; Claude developer to spend more than $100 billion on AWS AI technology This is the latest edition of a frenetic dash for AI compute to power Claude, which is undergoing some problems of success....

Dario very clearly seems to be trying to avoid the biggest risk to Claude uptake, which also happens to be one of the best Yogi-isms:

“Nobody ever goes there anymore — it's too crowded" sherwood.news/markets/amaz...

Bsky was down for a bit and it never sent...then clicked send again. Sorry @maxknoblauch.bsky.social @natebecker.bsky.social!

Netflix’s Reed Hastings is pretty much the reason everything is a subscription business today Hastings created a subscription model that made Netflix “revered as one of the most innovative companies in Silicon Valley” and sparked a wave...

THE DOMINANT SUB

Netflix’s Reed Hastings is pretty much the reason everything is a subscription business today
sherwood.news/business/so-... $NFLX by @maxknoblauch.bsky.social & @natebecker.bsky.social

touché, def alaska

The play here is to really lean in to this and pick a few tight Senate races.

Ships are heading to Maine, North Carolina, and Georgia to get their oil -- thank you very much!!

Alaska Air, proud member of the Bloomberg ESG Score Deep History Index and the Bloomberg Tacoma Index, is slated to release quarterly results after the close today. $ALK

Followed by “What happens to labor productivity and the economy when it’s always someone’s first time maxing out their Claude compute budget by 9:50 a.m.”

Would not surprise me to see a companion piece to this in the near future to the effect of “What happens to labor productivity and the economy when it’s always someone’s first day using Claude”
web.archive.org/web/20230602... bcc: @zeitlin.bsky.social

Mythos has changed the game in that if you’re releasing an AI model/new tool now and it’s <not> billed as a threat to national security, I’ll assume you’re NGMI

PIMCO on potential lessons on software credit from print media and oil bankruptcies:

“When depressed residual asset values coincide with a concentration of distressed supply, recovery rates tend to be materially lower than average.”

A #lukewarmtake counterpoint:

The stock market makes just as much sense as it usually does right now sherwood.news/markets/us-s...

Robotaxis are the new millennial lifestyle subsidy
sherwood.news/tech/robotax... by @rani.bsky.social

the OTOH of this is...it’s all this month!!!

this is mainly for @hauge319.bsky.social

Insane the extent to which tag-team of momentum and high volatility has worked in 2026

(compared to value, growth, quality, high dividend, size)

EM revisions are just driven by the MUs of EM, are they not?

(SK Hynix and Samsung)