Degentrading

Pre Market Thoughts - 18 Aug 26
Yields are higher across the curve with new highs in the 30Y at 5.3%. Across the index, we see Consumer staples suffering while Energy is up (See sector performance breakdown on under RADAR tab > SECTORS). Factor wise momentum and high beta has led a very strong rebound with a 7-9% MTD bounce (RADAR tab > ROTATION)
In overnight US markets we had strong performance led by the memory sector while neoclouds were generally held down. We also saw a resumption of the semis up, hyperscalers down performance.
The most consequential news was Anthropic releasing that it

Pre Market Thoughts - 17 Aug 26
Korean markets are closed today for Liberation day. Meanwhile $NKY is up about 0.75%. Memory has performed strongly today with $285A up 15%. It is at 62k JPY right now. After the buyback was announced, $285A dropped to 41k JPY lows. I made the call to get in on that retracement. It is almost 50% up.
The best time to buy is exactly when it is scary. Consequently, the worst time to buy is when it feels so safe.
As a retail investor, you have no business being short. The R/R of a long is infinitely higher than the R/R of a short. If you timed the $285A short to the

Pre Market Thoughts - 14 Aug 26
Yesterday's $SNDK investor day sparked a huge rebound across memory. Collectively, the entire investor crowd remembered that $SNDK and the rest of the memory companies have enough cash and are committed to buying back stock. $SNDK expects to collect about 94B in value from 8 clients and expects to return 100% of excess cash to shareholders.
It is deeply ironic that memory rebounded just as some of the loudest voice on fintwit turned bearish. Always remember, there is a reason why they separate an analyst role from a trading role.
At this point, let me highligh

$SNDK up 15% today - remember who were the ones who got bearish at the bottom - who were the ones who told you the entire playbook - that the new buyers of memory are the companies themselves and patient capital.

Pre Market Thoughts - 13 Aug 26
Yields at the highs - with 30Y at 5.25% and 10Y at 4.68%. At this point, i think people have broadly accepted that risk free rates will be elevated. What does this mean? The cost of equity is also higher. My point to this is that, only high quality high cashflow businesses are investable. Everything else will have a hurdle to cross. AI is the civilisational level build out and will be the only game in town.
Repeat after me - Neocloud summer.
Asia markets are buoyant with $KOSPI up 3% and $NKY up 1.2%. We have memory names like $285A and $0660 up about 5% as well

at what point does Burry throw in the towel on his shorts?

REPEAT AFTER ME - NEOCLOUD SUMMER

Pre Market Thoughts - 11 Aug 26
US yields higher by about 3-4bps across the curve alongside the move higher in oil. We had a flurry of headlines overnight of varying importance.
First is a rather direct admission by the US about their relative impotence in Iran, which presumably means the conflict stews for longer in a low grade conflict. Which isnt a terrible thing at the end of the day.
Next is $NVDA Jenson rounding up 6 major counterparties for a 500B financing deal. This number seems oddly specific. My guess is that the recipients of these will be $SPCX and the neoclouds. What NVDA is doin

On a totally unrelated markets post - In Singapore, we always had a K shape economy. What has become increasingly clear and dangerous is that the bottom K has entirely fell off the cliff.
First - the students. Fresh grads are looking down a bottomless pit on finding FT employment, with many readjusting their expectations. There are jobs, just not the ones they wanted to do.
Next - the SMEs/businesses. Many businesses with a real estate need (think F&B, retail) are basically dead/underwater. After deducting for rent, salaries, COGS, most of them have no margins.
Corporates - are doing good. SG

wow - they really got all the people to rotate from memory into photonics only to nuke photonics 10% in a single session lmao

Pre Market Thoughts - 10 Aug 26
Yields unchanged into Asia. Gold and Oil are also sitting unchanged as we head into a new week.
Asia trading was quiet with KOSPI up 0.65% and NKY up 2%. Korea markets remains dragged down by $0660 though however it looks increasingly likely that the short term selling flows are drying up. To me it is likely that $SKHY PA will resemble $Samsung - BofA also expects that $0660 will return 50% of FCF - on 2026 expectations of 140 trn won (98b) and 240 trn won (170b) for 2027 - $0660 is about 710b, at these levels the FCF returns will be about 190b, about 27% of th

Pre Market Thoughts - 10 Aug 26
Yields unchanged into Asia. Gold and Oil are also sitting unchanged as we head into a new week.
Asia trading was quiet with KOSPI up 0.65% and NKY up 2%. Korea markets remains dragged down by $0660 though however it looks increasingly likely that the short term selling flows are drying up. To me it is likely that $SKHY PA will resemble $Samsung - BofA also expects that $0660 will return 50% of FCF - on 2026 expectations of 140 trn won (98b) and 240 trn won (170b) for 2027 - $0660 is about 560b, at these levels the FCF returns will be about 135b, about 24% of th

Over the weekend, went for a funeral. Good reminder to take a look at your loved ones, treasure them. Life is more than just numbers on a screen!

$CRWV is up while $NBIS is battered goes to show that semis liquidity is not back at what it used to be.

burry shorted $ORCL at 144 and $NBIS at 211