yassa
@yassa13.bsky.social
Finance, Investing, House & Techno, and Liverpool FC - 🇬🇧 in Marin County
All actually modestly underperforming NVDA today. Zero sum game probably fine for indexes… negative sum (i.e. NVDA mkt share losses not neatly distributed elsewhere) might not be (and probably a function of concern over how this could all impact OpenAI ecosystem and the flywheel spending).
December 2, 2025 at 4:35 PM
All actually modestly underperforming NVDA today. Zero sum game probably fine for indexes… negative sum (i.e. NVDA mkt share losses not neatly distributed elsewhere) might not be (and probably a function of concern over how this could all impact OpenAI ecosystem and the flywheel spending).
It was hard to notice given our lead in the league last season, but this collapse in form actually started in March… def has intensified in the last two months though and is getting more painful…
November 26, 2025 at 10:19 PM
It was hard to notice given our lead in the league last season, but this collapse in form actually started in March… def has intensified in the last two months though and is getting more painful…
It’s odd, a lot of slop since going to APO. Maybe not that odd when you think about incentives but still, kinda weird to see.
November 26, 2025 at 2:09 PM
It’s odd, a lot of slop since going to APO. Maybe not that odd when you think about incentives but still, kinda weird to see.
Oh interestingly Coatue put out a chart on this overnight:
November 26, 2025 at 2:05 PM
Oh interestingly Coatue put out a chart on this overnight:
Train already left the station. The latter grouping also has some bearing on some other infra names (CRWV, VRT etc.), at least for now. Reminds me *a little* of DeepSeek aftermath. More muted for now but might be more sustainable…
November 26, 2025 at 1:54 PM
Train already left the station. The latter grouping also has some bearing on some other infra names (CRWV, VRT etc.), at least for now. Reminds me *a little* of DeepSeek aftermath. More muted for now but might be more sustainable…
He went through all that trouble, and didn’t quite manage to mention that NVDA was only selling off cos Gemini is crushing it and trained on TPUs. Oops!
November 23, 2025 at 2:57 AM
He went through all that trouble, and didn’t quite manage to mention that NVDA was only selling off cos Gemini is crushing it and trained on TPUs. Oops!
Won’t be quite so painfully noticeable, in fairness…
November 21, 2025 at 5:38 PM
Won’t be quite so painfully noticeable, in fairness…
“Hooting first, asking questions later” 🤭
November 17, 2025 at 5:29 PM
“Hooting first, asking questions later” 🤭
Interesting, live in the Bay Area and the housing market seems red hot, whereas AI increasingly feels like a systemic risk that might be out over its skis. I suspect the former will eventually notice the latter, but housing doesn’t feel like a big negative economic issue locally right now…
November 14, 2025 at 1:38 PM
Interesting, live in the Bay Area and the housing market seems red hot, whereas AI increasingly feels like a systemic risk that might be out over its skis. I suspect the former will eventually notice the latter, but housing doesn’t feel like a big negative economic issue locally right now…
But it’s Thursday and tomorrow is Friday. If we see this kind of price action extend tomorrow could be a fun week ahead…
November 13, 2025 at 8:55 PM
But it’s Thursday and tomorrow is Friday. If we see this kind of price action extend tomorrow could be a fun week ahead…
Think this is consistent with the price action and seems like it could be (a) proximate cause
bsky.app/profile/yass...
bsky.app/profile/yass...
Seems like it could be important…
on.ft.com/43tkLuz ‘Phantom’ data centres muddy forecasts for US power needs
on.ft.com/43tkLuz ‘Phantom’ data centres muddy forecasts for US power needs
‘Phantom’ data centres muddy forecasts for US power needs
Developers are overstating energy needs and keeping projects alive even after they are no longer viable
on.ft.com
November 13, 2025 at 6:47 PM
Think this is consistent with the price action and seems like it could be (a) proximate cause
bsky.app/profile/yass...
bsky.app/profile/yass...
Seems like it could be important…
on.ft.com/43tkLuz ‘Phantom’ data centres muddy forecasts for US power needs
on.ft.com/43tkLuz ‘Phantom’ data centres muddy forecasts for US power needs
‘Phantom’ data centres muddy forecasts for US power needs
Developers are overstating energy needs and keeping projects alive even after they are no longer viable
on.ft.com
November 13, 2025 at 6:45 PM
It’s a hard one,because it seems like this question is intrinsically linked with Fed B/S size, and I do have some sympathy with the argument that we really shouldn’t be relying on a several trillion $ expansion in it each time there’s a crisis.And if repo is the reason, maybe there’s something here…
November 8, 2025 at 5:09 PM
It’s a hard one,because it seems like this question is intrinsically linked with Fed B/S size, and I do have some sympathy with the argument that we really shouldn’t be relying on a several trillion $ expansion in it each time there’s a crisis.And if repo is the reason, maybe there’s something here…
Feeling pretty good about this call right now!
November 6, 2025 at 6:16 PM
Feeling pretty good about this call right now!
I think there’s a decent chance that was Powell’s last cut tbh, absent economy really falling out of bed over the winter. We’ve had pretty strong residual seasonality with hawkish data (jobs and prices) Q1 last couple of years… between that and v loose financial conditions, think Fed is done for now
November 5, 2025 at 3:06 PM
Between this morning’s ADP (and ISM Services print above)… more secondish tier data suggesting jobs market probs bottoming out.
November 5, 2025 at 3:05 PM
Between this morning’s ADP (and ISM Services print above)… more secondish tier data suggesting jobs market probs bottoming out.
Not arguing labour market is in a great place right now – it’s not – but it does feel like it may have bottomed…
US ISM Services Index Oct: 52.4 (est 50.8; prev 50.0)
- Prices Paid: 70.0 (est 68.0; prev 69.4)
- New Orders: 56.2 (est 51.0; prev 50.4)
- Employment: 48.2 (est 47.6; prev 47.2)
US ISM Services Index Oct: 52.4 (est 50.8; prev 50.0)
- Prices Paid: 70.0 (est 68.0; prev 69.4)
- New Orders: 56.2 (est 51.0; prev 50.4)
- Employment: 48.2 (est 47.6; prev 47.2)
November 5, 2025 at 3:04 PM
Not arguing labour market is in a great place right now – it’s not – but it does feel like it may have bottomed…
US ISM Services Index Oct: 52.4 (est 50.8; prev 50.0)
- Prices Paid: 70.0 (est 68.0; prev 69.4)
- New Orders: 56.2 (est 51.0; prev 50.4)
- Employment: 48.2 (est 47.6; prev 47.2)
US ISM Services Index Oct: 52.4 (est 50.8; prev 50.0)
- Prices Paid: 70.0 (est 68.0; prev 69.4)
- New Orders: 56.2 (est 51.0; prev 50.4)
- Employment: 48.2 (est 47.6; prev 47.2)