AP Research

Global macro. Cross-asset thematics. Professionally overexposed to caffeine, negronis, and terminals.

[AP Research @AlphaPicks]

“Into Public Orbit”

We run through the equity plumbing behind the SpaceX IPO, and what the read-through could be for names like OpenAI and Anthropic when private-market AI valuations eventually make the jump into public markets.

https://t.co/FXeTcH9mXb

[AP Research @AlphaPicks]

@LHMacro “Source?”

“Trust me bro”

[AP Research @AlphaPicks]

The number of non-finance people asking me about the SpaceX IPO is getting a little ridiculous.

Starting to get Bitcoin-at-Christmas-dinner vibes.

[AP Research @AlphaPicks]

@LHMacro Sign of the times are here, Bob

[AP Research @AlphaPicks]

Happy Friday, everyone.

[AP Research @AlphaPicks]

@josephsimpsonDE “Call me crazy, but I think I’ve found a bargain”

[AP Research @AlphaPicks]

“Daddy, tell me about the great AI rations of the late 2020s”

[AP Research @AlphaPicks]

@dampedspring Worked a treat, right? …right…?

[AP Research @AlphaPicks]

Naz down 3.8%, Spoos down 2.2%. Equity selloff elsewhere, especially Asia. Global large and mids down 2.1%

Rates-led de-risking session, heavy factor unwind underneath.

[AP Research @AlphaPicks]

Will be chatting with Ryan today to recap the week and run through the major themes leading the market.

[PiQ @PiQSuite]

The Friday Fix @ 12:30 LON

Join @AlphaPicks and Ryan chatting about the major themes shaping markets, this week and beyond.

https://t.co/c3KJi61vHb

[AP Research @AlphaPicks]

@LordStoppington @citrini You too, Alex 🍻

[AP Research @AlphaPicks]

gm, @citrini

[AP Research @AlphaPicks]

@LordStoppington @citrini Idk man, never heard of him before

[@aahan_prometheus @AahanPrometheus]

Macro Regime Views 🧵

Quick thread on our macro views and how we’re thinking about playing them.

And ofc some systematic applications

0/13

[AP Research @AlphaPicks]

Slightly more of an opinion piece than a market memo today, but the underlying shift in crypto (formally the tip of the risk spear) is worth considering.

Free to read on our website.

https://t.co/uOJE39zPb4

[AP Research @AlphaPicks]

…as an equity allocation. Seems a compelling area in pharma if the US keeps pushing for broader access to mental health treatments.

Maybe the “God Molecule” (5-MeO-DMT) trade is the GLP-1 trade for the mind. Atai Life Sciences bought Beckley Psytech last year to support late-stage trials.

Not a pharma guy, but it’s an interesting space to watch.

[AP Research @AlphaPicks]

Might get into psychedelics…

[AP Research @AlphaPicks]

@MrMBrown Iconic British meme

[AP Research @AlphaPicks]

@CryptoNews_eth Fixed the pic.

[AP Research @AlphaPicks]

@Tim10337907 crazy how toilet paper and toothpaste has been a better store of value tbh

[AP Research @AlphaPicks]

Feel a bit for the crypto crowd. Spent years calling themselves the future of finance only to end up trading like a FTSE 250 stock.