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Bancroft Sutherland @bancsutherland.bsky.social · 7h

My brother in law beginning to speak about nearly anything at all.

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Bancroft Sutherland @bancsutherland.bsky.social · 11h

Getting these and writing 50X EPS on the sides with a sharpie.

George Pearkes @peark.es · 15h

I must acquire these.

Costco Kirkland x Nike SB Dunk Low "Grey Fog"

Nike SB has a collab with the wholesale warehouse, Costco, and it does not disappoint. Head to Nice Kicks to learn more.

www.nicekicks.com

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Bancroft Sutherland @bancsutherland.bsky.social · 11h

Eloquent life wisdom from Cormac McCarthy, narrowly applied to investing/trading: survivorship bias matters more than you can imagine, and there is only so much you can glean from past events/patterns/correlations.

From a certain perspective one might even hazard to say that the great trouble with the world was that that which survived was held in hard evidence as to past events. A false authority clung to what persisted, as if those artifacts of the past which had endured had done so by some act of their own will. Yet the witness could not survive the witnessing. In the world that came to be that which prevailed could never speak for that which perished but could only parade its own arrogance. It pretended symbol and summation of the vanished world but was neither. He said that in any case the past was little more than a dream and its force in the world greatly exaggerated. For the world was made new each day and it was only men’s clinging to its vanished husks that could make of that world one husk more.

La cáscara no es la cosa, he said. It looked the same. But it was not.

- The Crossing

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Bancroft Sutherland @bancsutherland.bsky.social · 1d

Playing “Callin' Baton Rouge” in the stadium after time expired was a nice touch.

Bancroft Sutherland @bancsutherland.bsky.social · 1d

GameDay should have had Franklin introduce this new segment this morning.

CJ Fogler @cjzero.bsky.social · 1d

How long before this is an official sponsored segment on ESPN?

A chair that is made of wrought iron with a grill for a seat that has a classic "Drink Dr Pepper" ad facing us, there are oven coils on the rest of the back and sides with THE HOT SEAT" in an arc above a flaming football in the headrest area

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Bancroft Sutherland @bancsutherland.bsky.social · 1d

This messaging works surprisingly well in the voice of Gordon Gekko.

The point is, ladies and gentleman, that cringe - for lack of a better word - is good.
Cringe is right.
Cringe works.
Cringe clarifies, cuts through, and captures the essence of the evolutionary spirit.
Cringe, in all of its forms - cringe for life, for money, for love, knowledge - has marked the upward surge of mankind.
And cringe - you mark my words - will save that malfunctioning corporation called the USA.

Bancroft Sutherland @bancsutherland.bsky.social · 2d

They could then even call it a Seven Cheese Marinara, so this seems like a no brainer.

Bancroft Sutherland @bancsutherland.bsky.social · 2d

The fact that Oaktree made money on first brands by selling early enough, and that Apollo had actually built a short position, seems like it should be having a bit more of an impact on the broader narrative.

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Bancroft Sutherland @bancsutherland.bsky.social · 4d

- capex on data centers: $0

<price nosedives>

Bancroft Sutherland @bancsutherland.bsky.social · 4d

just need to redefine the legs of the K

a poorly sketched chart showing credit metric data improving while bluesky marcro discourse continues to deteriorate, undeterred

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Bancroft Sutherland @bancsutherland.bsky.social · 4d

We have a K-shaped data vs. narrative dynamic

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Bancroft Sutherland @bancsutherland.bsky.social · 4d

Very true, though the bank's "not our finest moment" vs. the private capital's short position in the debt runs counter to the prevailing broader narrative these days. Which is potentially not great.

Bancroft Sutherland @bancsutherland.bsky.social · 5d

$37b mkt cap pop today in any event, yet again proving the power press releases in this environment.

Bancroft Sutherland @bancsutherland.bsky.social · 5d

Genuinely curious what WMT execs estimate is the TAM consisting of A) Walmart customers, who B) routinely shop online, but for some reason C) find using Walmart’s app/site too burdensome.

TechCrunch @techcrunch.com · 5d

Walmart is partnering with OpenAI to let shoppers buy products directly through ChatGPT. The new integration will allow users to link their Walmart accounts, browse items ,and instantly check out — all within the chatbot.

You'll soon be able to shop Walmart from ChatGPT | TechCrunch

Walmart is partnering with OpenAI to let shoppers buy products directly through ChatGPT. The new integration will allow users to link their Walmart accounts, browse items ,and instantly check out — all within the chatbot.

techcrunch.com

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Bancroft Sutherland @bancsutherland.bsky.social · 6d

Absolute golden age for the market impact of relatively vague strategic announcements.

+16.2% POWI-US (Power Integrations): Company is collaborating with NVDA-US on datacenters.
+9.3% AVGO-US (Broadcom): Announced strategic collaboration to deploy 10 gigawatts of OpenAl-designed Al accelerators; targeted to start in H2 of 2026.

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Bancroft Sutherland @bancsutherland.bsky.social · 6d

Guy who wrote a book on the 1929 crash that is being officially released tomorrow: Getting a lot of 1929 vibes from this market…

Andrew Ross Sorkin on worrying similarities between Wall Street today and 1929's pre-crash market

YouTube video by 60 Minutes

youtu.be

Bancroft Sutherland @bancsutherland.bsky.social · 7d

Correlations went to 1

Marjorie James Keenan @unenthusiast.com · 7d

In honour of spooky month, share a 4 word horror story that only someone in your profession would understand.

rm -rf ~/

hammancheez @hammancheez.bsky.social · 7d

"The chancellor approved it"

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Bancroft Sutherland @bancsutherland.bsky.social · 7d

LLM tools today are most valuable to experienced professionals in any field, who understand what/how to effectively prompt, and can immediately identify good output from garbage. Hiring impact aside, soon individuals will be moving up the ranks w/out having accumulated that knowledge.

Bancroft Sutherland @bancsutherland.bsky.social · 7d

Interesting piece making the rounds, but this specific point applies broadly to so many professions actually utilizing the AI tools for efficiency: “The math is simple: No juniors today = No seniors tomorrow = No one to fix what AI breaks.”

The Great Software Quality Collapse: How We Normalized Catastrophe

The Apple Calculator leaked 32GB of RAM.

techtrenches.substack.com

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Bancroft Sutherland @bancsutherland.bsky.social · 8d

Have been trying to weigh the impact of these points (exposure/concentration/margin) on those households against the fact that cash/equivalent reserves are also dramatically higher than pre-pandemic. Paper losses vs. actual forced selling, etc.

Chart of Retail Money Market Funds

https://fred.stlouisfed.org/graph/?g=1MY1E

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Bancroft Sutherland @bancsutherland.bsky.social · 8d

This one needs to be adopted widely

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Bancroft Sutherland @bancsutherland.bsky.social · 9d

It's not every day that a Nobel Prize announcement leads directly to a $1.5 trillion market selloff.

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Bancroft Sutherland @bancsutherland.bsky.social · 9d

Cannot wait for the "Preceded by" line on the Wikipedia entry.

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Bancroft Sutherland @bancsutherland.bsky.social · 10d

Last month PIMCO advocated holding MBS steady, noting the expected spread compression from reinvesting monthly runoff. They note that maintaining the current level would not be a resumption of QE, but if taking that step it would require some real policymaker restraint to not just dial it up a bit.

A Fed Housing Fix That’s Hiding in Plain Sight | PIMCO

Mortgage bond reinvestment could be the Federal Reserve’s most effective and immediate tool to unlock the housing market – without even touching interest rates.

www.pimco.com

Bancroft Sutherland @bancsutherland.bsky.social · 10d

Separate from the risk of overly aggressive 2026 rate cuts with a new FOMC composition, it seems reasonable to consider the potential for a new Fed to target mortgage rates explicitly via resuming MBS purchases.

Interesting piece posted yesterday advocating caution w/r/t that tool even at the ZLB.

Quantitative easing and housing inflation post-COVID | Brookings

Aaron Klein and Alan Cui assess the impact of the Federal Reserve's actions during the pandemic on the price of housing

www.brookings.edu

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