ugnaught

Gaming, coding, running, bass guitar, and $GME. #PowerToThePlayers

[ugnaught @TUgnaught]

@CitronResearch

[Vinodsrinivasan @vinodsrinivasan]

Private credit found a new outlet.

Corporate loans were Phase 1 (covered in last week’s Sona thread).

Phase 2 is your credit card balance. Your motorcycle loan. Your buy-now-pay-later mattress.

The chart that should worry you 🧵

[Wiz888999 @ODB123]

🏦Banks 👄 talking calm 😌, but numbers are loud. 📣📣📣

JPM $50B, Wells $36B, Citi $22B, BofA $20B tied into private credit. It ain’t pocket change people.

Private credit is the shadow lane. No real pricing, low liquidity, exits get ugly fast.

Yields rising (10Y 4.26%, 30Y 4.89%) squeezing collateral. Bonds weak, funding tighter. Pressure stacking.

System looks stable on the surface. Liquidity injections, indices pinned ( $SPY ~710, $SPX ~7110) keeping things quiet.🤫

But underneath, leverage everywhere. Public markets, swaps, and now private credit all connected.

If stress leaks out, it won’t drip… it snaps.

Volatility spikes, margin tightens, positions get forced.

$GME sitting at $24–$25 with ~63M shares short and $30 wall (73K OI) waiting.✋️

Small crack in system, big reaction in names like that.

Everything calm… until it isn’t 😈

[Felix Prehn 🐶 @felixprehn]

Texas just admitted it needs $174 billion for water.

Not for roads. Not for schools. Not for energy. Water. The stuff that comes out of your faucet.

The Texas Water Development Board released the numbers last week. $174 billion over the next 50 years to prevent the state from running out of water. Double the last estimate from 2022.

Texas is adding 17 million people by 2080. A 53% increase. Water supply is dropping 10% over the same period from depleting aquifers. Without action, shortages could cause $177 billion in economic losses by 2030 alone. More than the cost of fixing it.

And it's not just population growth draining the system.

Tesla's Giga Texas factory uses 556 million gallons of water per year. A single factory. Data centers are consuming 0.4% of the state's entire water supply and growing fast. In Austin, data centers and industrial demand are straining a water system built for residential use.

This isn't a Texas problem. It's a global one.

The World Bank just launched a program called Water Forward targeting water security for 1 billion people by 2030. 14 countries signed on. They're calling it one of the defining infrastructure crises of the century.

Water is the only commodity on earth with no substitute. Oil has renewables. Gold has Bitcoin (if you believe that). Copper has aluminum for some applications. Water has nothing. You need it or you die. Every person, every farm, every factory, every data center.

And it's running out faster than any government projected.

Where this creates an investment thesis almost nobody is talking about:

Xylem (XYL). The largest pure-play water technology company in the world. Builds the infrastructure that treats, tests, transports, and analyzes water. Revenue above $8 billion. Every dollar of that $174 billion Texas plan flows through companies like Xylem.

American Water Works (AWK). Largest publicly traded water utility. Serves 14 million people across 24 states. Water utilities are natural monopolies. You can't build a second pipe to someone's house. The customer can't switch providers. Pricing power is absolute and demand is non-negotiable.

Veolia (VEOEY). Global leader in water treatment and waste management. Operates on every continent. When countries need to build water infrastructure from scratch, Veolia gets the call.

Essential Utilities (WTRG). Growing through acquisitions of small water systems. Rural water infrastructure across America is crumbling. Most small systems are municipally owned with no budget to upgrade. Essential buys them, upgrades them, and charges the regulated rate.

Mueller Water Products (MWA). Builds the valves, hydrants, and pipes that make up the physical water distribution network. Every infrastructure dollar spent on water flows through components these companies manufacture.

The Invesco Water Resources ETF (PHO) gives you diversified exposure to the entire water infrastructure chain. When governments start writing $174 billion checks for water, every company in this ETF benefits.

Water infrastructure is the most boring and most inevitable investment thesis on earth. Nobody talks about it because it's not AI and it doesn't have a ticker on CNBC's bottom scroll. That's why it's still cheap.

every week i cover where the money is actually going before it makes headlines. former banker.

https://t.co/1j7Dmb4qHR

(texas just said it needs $174 billion for water. double the last estimate. the state is adding 17 million people while aquifers are depleting. tesla's single factory uses 556 million gallons a year. data centers are draining supply in austin. the world bank just launched an emergency water security initiative for 1 billion people. water is the only commodity on earth with zero substitute. nobody on financial TV is covering this. $174 billion has to go somewhere.)

[kristen shaughnessy @kshaughnessy2]

Another Wall Street Win.

Regulators Want Even Less Transparency from Private Equity - Because that sector isn’t opaque enough?

Regulators want to:
- Raise the filing threshold from $150 Million to $1 Billion in assets under management. Smaller advisers would no longer have to file at all.
- Increase the large hedge fund exposure reporting threshold from $1.5B to $10B.
__________
That’s why you watch what they do, not what they say

April 16,2026
“Nothing is more important than protecting market integrity….
- @CFTC Chairman @MichaelSelig
__________
https://t.co/ZM67cnneYK
_____

[Wandering Capitalist @Venturinglist]

$GME WHY NOW?

[kristen shaughnessy @kshaughnessy2]

Let’s see how this ages.

“Private Credit Is Not a Financial Crisis in the Making”

The article acknowledges the risks, but claims the losses will be more easily absorbed.

“.. The problem raising concerns today is that private credit lenders are willing to extend enormous amounts of money — a billion dollars is not unheard of — much more quickly than a bank would.

And they are levered up themselves, often borrowing half the money they lend out from banks.

To make things worse, the notes in private credit deals are highly illiquid and closely held, which means there’s precious little price discovery in the market, and it’s extremely hard to mark to market, know how much the loans are worth, or be able to discern systemic risks before they become a crisis.

The cherry on top: Borrowers in this market are primarily much maligned private equity companies, who are notorious, fairly or not, for overleveraging their portfolio companies, taking out enormous dividends and then leaving them for dead.

From a distance, they’re not all that different from the financial innovators who blew up the world in 2008…”

https://t.co/8EZ8Ghl6xm

[Documenting Saylor @saylordocs]

MICHAEL BURRY HAD DROPPED A CHILLING WARNING:

“THE MOMENT YOUR INTEREST PAYMENTS EXCEED TAX REVENUE, YOUR COUNTRY OFFICIALLY BECOMES A PONZI SCHEME.” 👀

WHEN DEBT SERVICES ITSELF…
WHEN INTEREST OUTPACES INCOME…
THE SYSTEM STARTS EATING ITSELF.

THIS ISN’T THEORY.
THIS IS MATH.

AND THE CLOCK IS TICKING.

[kristen shaughnessy @kshaughnessy2]

Why isn’t this a top story?

US judge orders JPMorgan Chase, Citibank, BNY Mellon, Britain’s HSBC and Standard Chartered to hand over records in alleged Iran sanctions evasion case

The case involves claims that these banks “unwittingly” processed millions in payments that allegedly helped Iran evade US sanctions. The money reportedly flowed through a Turkish bank (Kuveyt Turk) using the big banks as middlemen for US dollar transactions

“Last week the US treasury department announced that it was “moving aggressively with Economic Fury, maintaining maximum pressure on Iran”.

In a statement, it said: “Financial institutions should be on notice that the department is leveraging the full range of available tools and authorities and is prepared to deploy secondary sanctions against foreign financial institutions that continue to support Iran’s activities.”…”
@Telegraph

$JPM $C $BNY $HSBC
$STAN (LSE)

https://t.co/Q644lmXse4

[Mario Nawfal @MarioNawfal]

🇺🇸 Trump deleted his post depicting himself as Jesus on Truth Social.

The remarkable aspect was that the main critics were his MAGA allies.

When the polls show an increasing drop in your image, maybe that post wasn't a good idea after all.

[The Butcher of Wall Street | Marcel Kalinovic @BossBlunts1]

JUST IN 🚨 — STOCK MARKET MANIPULATION CASE AGAINST CITRON RESEARCH / ANDREW LEFT CONTINUES — JUDGE DENIES MOTIONS TO REDUCE CHARGES

LEFT MANIPULATED STOCK PRICES OF COMPANIES LIKE GAMESTOP AND AMC WITH FALSE CLAIMS

YOU CAN SUBMIT A Victim Impact Statement 🚨
If you would like to submit a Victim Impact Statement, you may do so by 📧 emailing the Victim Impact Statement below to:

📧
[email protected]

Full link to DOJ Website in comments

[MD @MorgenHatton]

🚨 @GameStop quietly built something no one is talking about.

It’s called @powerpacks

It might be one of the most important shifts in retail nobody understands yet.

🧵👇 $GME 🚀 🌖

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

📣📣MADOFF WAS THE PIONEER OF PAYMENT FOR ORDER FRAUD

Paying Brokers for Retail orders.
"Legal Kickback"

Ken Griffin Citadel Securities executes 47% of US Retail orders everyday.

Jane Street plans on growing it's market share in Payment for order FRAUD in 2026

THERE IS ALWAYS A REPLACEMENT MADOFF WAITING TO STEP INTO THE ROLE‼️

[MD @MorgenHatton]

🚨 Wall Street made one fatal mistake with @GameStop:

They kept calling it a meme after it became a company with real money, real staying power, and a CEO who only gets paid if he creates enormous shareholder value.

Read that again.

No guaranteed empire.
No free payout.
No reward without results.

So why is the financial media still so desperate to frame @GameStop as a joke?
Because the second people realize this is no longer a bankruptcy story, the entire narrative breaks.

When the narrative breaks, price discovery gets very uncomfortable.

$GME isn’t dangerous because it’s weak.
It’s dangerous because it survived.

[JustDario @DarioCpx]

Private Credit market exploded completely away from the public’s eyes, no one can assess its real size including all ramifications, indirect exposures, off books insurance and lines of credit commitments. Only infinite money printing killing fiat currencies value will fix this.

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

📣📣SEC CAT DELETING ALL DATA OLDER THAN 3 YEARS 🙊🙈🙉

This is exactly the same thing they did with the RegSHO list.

They Grandfathered ALL the existing Fails to Deliver.

CAT Consolidated Audit Trail
"Delete certain CAT data, including ALL CAT data older than three years."

NOW WE ALL KNOW THOSE THREE YEARS WOULD EXPOSE A LOT 🤔

[Felix Prehn 🐶 @felixprehn]

JPMorgan’s Shocking Warning

[DirtΞvader @dirtevader]

imo, The selling on GameStop stock [ $GME ] at this specific point and time in the story is not because the sellers of shares want to sell.

It is because they have to sell $GME, or their lights go out.

The relenting negative campaigns by the MainStreamMedia, De-Fluencers, Analysts, even PhD's in select large universities, aren't wasting their time, for no reason. It is based on financial positioning of certain Hedge Funds, Market Makers, and certain Brokers. They don't ask to spread a message for free, somebody is paying for something in some form.

And, imo, they are still worried for the go-time of Ryan Cohen's choosing. And I don't think RC will be tossing them a life preserver for the amount of pure hate, that some of these people have raged for 5+ years against a U.S. business that is focused on family, children, and fun.

Think about that, and now think about this.
Every short seller, will eventually become a short buyer.

[Vinodsrinivasan @vinodsrinivasan]

TCS Q4 results just dropped.

Everyone will debate the revenue miss. I went straight to the numbers that actually matter.

Thread.

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

📣📣 JANE STREET GROWING COCKROACH 🪳🪳🪳

Jane Street is notorious for RIGGING Financial Markets and Silver.

They have been banned and prosecuted in India and currently have pending lawsuits exposing their Market FRAUD.

They have been accused of manipulating Bitcoin, Crypto and Silver.

They of cause participate in
Payment for order FRAUD
They plan on expanding their PFOF footprint increasing it's market share with major Brokers in 2026.

They are trying to compete with Citadel as the worst Cockroach in the Market Maker (should be Market Manipulator) space.

COCKROACH CLUB UPDATE 🪳🪳