Great post! You will have to give the answer to the 9th fav band!!! IIRC, that was a snarky throway line, but I can't remember which show? Puts me in mind of WKRP in Cincinnati or the A team (hows that for diversity!)
On another note the speed of the rotation. I think it comes down to how quickly big money processes & *accepts* that the cyclical shift to value is happening. And i think that depends on whether Big $ believes in the post covid rebound over next 5-10 years. Build back better & Green power revolution both need materials. And lots of them. negative oil in 2020 told me all I need to know about a cyclical bottom :)
Finally, can you offer thoughts on what happened with Archegos Capital this week? After MC getting blown up by $GME, I am a little on edge with system risk concerns w/ counter parties getting taken out & shot and cascade effects on the G-SIBS. Seems to me risk isn't being properly appreciated here.
The Archegos story is just starting to come to light with more questions than answers. Look at many of the big Chinese names got thumped this week - was this the biggest reason? We may soon find out. Then there was DISCA and VIAC - both insanely crazy on Friday. It appears they were dumped as a result, but what led to the insane run-up, what was with that secondary offering earlier in the week? Those are big questions that will be looked into and examined going forward.
So in short - much more to come there. The risk factors and those that provided the margin will be under tremendous scrutiny.
The answer to the trivia question can be found in the link below..
Thank you sir. Ever since MC blew up, I've been concerned. This doesn't help. And the strengthening dollar isn't helping either.
But to the most important part of your post...
SQUARE PEGS!! Nice Retro callout! Anne Beatts is a great writer. She wrote a lot of my fave SNL stuff. "Fred Garvin, Male Prostitute" was a favorite tag line :) Will have to rewatch that one and only season of the best thing Sarah Jessica Parker ever did. HAGW.
Jay,
Great post! You will have to give the answer to the 9th fav band!!! IIRC, that was a snarky throway line, but I can't remember which show? Puts me in mind of WKRP in Cincinnati or the A team (hows that for diversity!)
On another note the speed of the rotation. I think it comes down to how quickly big money processes & *accepts* that the cyclical shift to value is happening. And i think that depends on whether Big $ believes in the post covid rebound over next 5-10 years. Build back better & Green power revolution both need materials. And lots of them. negative oil in 2020 told me all I need to know about a cyclical bottom :)
Finally, can you offer thoughts on what happened with Archegos Capital this week? After MC getting blown up by $GME, I am a little on edge with system risk concerns w/ counter parties getting taken out & shot and cascade effects on the G-SIBS. Seems to me risk isn't being properly appreciated here.
best wishes,
Paul
Thanks, Paul.
The Archegos story is just starting to come to light with more questions than answers. Look at many of the big Chinese names got thumped this week - was this the biggest reason? We may soon find out. Then there was DISCA and VIAC - both insanely crazy on Friday. It appears they were dumped as a result, but what led to the insane run-up, what was with that secondary offering earlier in the week? Those are big questions that will be looked into and examined going forward.
So in short - much more to come there. The risk factors and those that provided the margin will be under tremendous scrutiny.
The answer to the trivia question can be found in the link below..
https://retroist.com/devo-on-the-classic-80s-sitcom-square-pegs/
Thank you sir. Ever since MC blew up, I've been concerned. This doesn't help. And the strengthening dollar isn't helping either.
But to the most important part of your post...
SQUARE PEGS!! Nice Retro callout! Anne Beatts is a great writer. She wrote a lot of my fave SNL stuff. "Fred Garvin, Male Prostitute" was a favorite tag line :) Will have to rewatch that one and only season of the best thing Sarah Jessica Parker ever did. HAGW.
Paul