Bent L

[Bent L @BendedL]

@Polymarket Polymarket posted this why?

[Bent L @BendedL]

@Polymarket it's casual. 😎
sup Iran?

[Bent L @BendedL]

@markkaplan20 .09 away from optimal.
thank you for this.

[Bent L @BendedL]

@Kalshi he needs to remain in his current position. doing a bang up job.

[Bent L @BendedL]

@TheFP yes, and that one thing is Sensationalist Conspiracy Theories.
Marry Candace and go away.

[Bent L @BendedL]

@KalshiPolitics backing criminal Ken was a mistake. watch it unravel.

[Bent L @BendedL]

@TrumpDailyPosts

[The Kobeissi Letter @KobeissiLetter]

Wall Street is paying less attention to the Magnificent 7:

Monthly mentions of the "Magnificent Seven" across news stories on the Bloomberg terminal are down to ~1,400, near the lowest since Q4 2023.

This marks a -70% decline from the Q1 2024 peak of ~4,300 mentions, which came shortly after the term was introduced in 2023.

A similar pattern occurred with the "FANG" and later "FAANG" labels, originally referring to Facebook, Amazon, Netflix, and Google before Apple was added.

Monthly mentions of "FANG" and "FAANG" surged to a record ~2,800 in Q4 2018.

Subsequently, they dropped -82%, to just ~500 mentions by early 2020.

Investor attention has shifted away from the Mag 7.

[The Kobeissi Letter @KobeissiLetter]

South Korean retail investors are turning to US stocks amid domestic market turmoil:

Retail investors from South Korea bought +$4.6 billion worth of US stocks in July, the largest monthly total since January 2026.

This marks a +627% MoM increase and follows -$469 million and -$940 million in sales in April and May, respectively.

July purchases were also well above the +$2.7 billion monthly average recorded in 2025, a year when South Korean retail investors more than tripled their purchases of US equities from 2024.

As a result, South Korean retail investors bought more US stocks last month than domestic equities for the first time since February.

This comes as the KOSPI Index has dropped -33% from its June peak, with ~75% of the decline driven by the 2 largest chipmakers, Samsung and SK Hynix.

US stocks are benefiting from South Korea's market downturn.

[Bent L @BendedL]

@Polymarket remove the word equity, and that's a whole different story.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Berkshire Hathaway has begun deploying the $397.4 billion cash pile that Warren Buffett accumulated for 14 consecutive quarters.

Details include:

1. Instead of continuing stock sales, Berkshire was a net buyer of equities in Q2 with $19.8 billion in net purchases

2. Berkshire now holds $364.7 billion in cash and cash equivalents

3. The company invested $10 billion in Alphabet, $GOOGL, during Q2 in addition to acquiring Taylor Morrison Home for $6.8 billion

4. Berkshire bought $23.5 billion of equity securities during in Q2 and sold $3.7 billion in the same period

Berkshire Hathaway appears to be leaning bullish again.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US corporate profits before tax as a % of GDP are up to a record 14%.

This ratio has nearly doubled since the 2008 Financial Crisis.

This also exceeds previous peaks of ~13% posted in 1951, 2010, and 2011.

Meanwhile, US corporate profits after tax as a % of GDP are up to ~11%, also an all-time high.

By comparison, this figure averaged ~5% between 1980 and 1995.

This comes as nominal profits after tax have surged +101% since the 2020 pandemic, to a record $3.62 trillion.

US corporations are more profitable than ever.

[The Kobeissi Letter @KobeissiLetter]

This is absolutely incredible.

Corporate America is currently on pace for the biggest earnings beat EVER recorded.

S&P 500 companies are beating earnings per share estimates by an aggregate +29.2%.

To put this into perspective, the 5-year average stands at +7.0%, which is already historically high.

In other words, S&P 500 companies are now beating already high expectations by ~4.2 TIMES the 5-year average.

On top of this, the blended net margin for the S&P 500 is up to 16.9%, also an all time high.

Even if you removed Alphabet’s $98 billion gain from unrealized equity investments and Amazon’s $53 billion gain from Anthropic, S&P 500 earnings growth would STILL be +32.0% year-over-year.

We are in the midst of the largest investment boom in history.

[Polymarket @Polymarket]

BREAKING: S&P 500 closes at new record high.

[The Kobeissi Letter @KobeissiLetter]

US productivity growth is accelerating:

US labor productivity rose +1.4% annualized rate in Q2 2026, more than double the +0.6% expected.

This follows an upwardly revised +0.8% increase in Q1, marking the 5th consecutive quarter of productivity gains.

At the same time, US manufacturing productivity jumped +1.9%, driven by a +4.6% surge in output, the strongest increase since Q4 2021.

However, these productivity gains came at the expense of workers, with inflation-adjusted compensation falling -3.2%, the largest quarterly decline since Q4 2022.

Meanwhile, unit labor costs, which measure how much a company pays workers to produce one unit of output, rose just +1.3% last quarter, well below the +2.1% expected.

The productivity boom is gaining momentum.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 closes at the highest level on record, up another +3.6% this week.

The S&P 500 added +$2.5 trillion in market cap this week.

[The Kobeissi Letter @KobeissiLetter]

Most people don't realize how big of a growth wave we are currently experiencing.

So far, with 88% of S&P 500 companies reporting earnings, the index has posted +50.4% growth in earnings year-over-year.

To put this into perspective, the already astronomical expectation of +23.1% growth has been more than doubled.

This will mark the 2nd consecutive quarter of earnings growth above +25% and the 7th consecutive quarter of double-digit earnings growth for the S&P 500.

The last time growth was this strong was in Q2 2021 as the US economy emerged from the pandemic and $4+ trillion in stimulus was handed out.

We are arguably in the midst of the biggest technological revolution in US history.

The data is absolutely insane.

[Kalshi @Kalshi]

JUST IN: US economy loses 23,000 jobs in July — lower than expectations.

Rate hike odds plummet from 60% to 30%.

[Bent L @BendedL]

@Polymarket but after that AI will make everything free. lmao.

[Bent L @BendedL]

@nicksortor @MattWalshBlog as long as interest rates are high, the housing market isn't going to move much.
there is much pent up demand for buy and sell.