bonbonfinance

[Mark Carney @MarkJCarney]

The Eurovision Song Contest just got a lot tougher.

Because next year, Canada is in.

[Financelot @FinanceLancelot]

Forbes doesn't miss 😂

[Samantha LaDuc @SamanthaLaDuc]

Warsh fans will claim he declared a *NEW data-dependent regime change coming to the Fed.

Warsh critics will note he bashed the Fed particpants, process, data, track record & (most importatnly) its independence.

KEY: The end of forward guidance sets up an environment for opaqueness, based on data that is 'based' at best, corrupt at worst.

And given the changes to rules that determine CPI, BLS, now FED policy - under Trump - can you blame analysts for mistrusting the 'data' they producw... and Warsh?

So to pull this off - the 'management-by-committee' task-force approach Warsh is implementing with outside political voices helping to frame future Fed policy - Warsh will need to convince bond & equity markets alike he is able to suppress equity & bond volatility while he suppresses his FOMC committee's hawkish tilt.

You have to choose now: old way or new?

The Warsh-Affect is clear: diminish the legacy, obscure & distract. This will be the focus of his tenure. That and getting markets to BELIEVE they are pricing real data 'real-time', not Fed's reaction to the data - that is Warsh War & ultimate goal.

Do you see how insidious this is?
Warsh just made the Fed irrelevant & the market doesn't see it yet.

Good for equity bulls of course (assuming bond vigilantes don't call his bluff). But vigilantes are not well-organized like Trump/Bessent/Warsh. And they are far too patient.

Warsh is Akin to the Boy Who Cried Wolf and the bond market is the wolf.

Too often, the Boy reported a falsehood until no one believed him anymore.

Then the wolf was unimpeded in his feast of boy and flock alike.

We will revisit this story at a future point in time.
Good night.

[bonbonfinance @bonbonfinance]

Bookmarked

[Virat Singh @virattt]

Proud of this one.

We shipped a new Institutional Holdings API.

This data comes from 13F filings, which is a nightmare to parse at scale.

You must normalize tons of data.

Funds will report "BERKSHIRE HATHAWAY", "BRK", "BRK.A", and the CUSIP across different positions.

Resolving these to a canonical security requires a reference → CUSIP → ticker map that is correct both today and historically.

You need to track ticker changes, splits, and M&A activity, which breaks the majority of vibe coded approaches.

Also, there is a ton of data: your DB table will easily exceed 1B rows if done right.

We solved it @findatasets. It's now 1 API call.

[Tansu Yegen @TansuYegen]

So true☹️

📹 vetoshkin.evgeniy

[Steve Hou @stevehou]

👀

[Steve Hou @stevehou]

This market is basically not short-table. The best thing you can do is to stand aside if you are worried about a crash or correction.

[Lyn Alden @LynAldenContact]

More specifically, never bet against the fiscal-driven debasement train.

[Lyn Alden @LynAldenContact]

Every once in a while, the BOJ puts the fear of god into over-eager yen bears by reminding them that it has a metric gigaton of reserve firepower.

[bonbonfinance @bonbonfinance]

Mad respect for JPow

[bonbonfinance @bonbonfinance]

@SteveSaretsky So we all complain country keeps running at a deficit but whenever we tax the rich or corporates everyone is like no thanks. 🤔

[MapleStax Trades @MapleStax]

As soon as I enter long

[GTA 6 Info @GTASixInfo]

GTA 5 player tried to stop the train in the hardest way possible, but it didn’t end well...

[bonbonfinance @bonbonfinance]

@SteveSaretsky Apparently it’s been going on for awhile - also felt the same as you this kind of leverage is way too irresponsible for retail investors…

[WOLF @WOLF_Financial]

STANLEY DRUCKENMILLER: "I SHORTED $200 MILLION OF INTERNET STOCKS IN MARCH 1999. IN THREE WEEKS I COVERED THEM AT A $600 MILLION LOSS."

"I was short 12 stocks. They all went bankrupt. Every one of them."

He was right on every single pick. Still lost $600M.

"If you're dead wrong on a long, you can lose 100%. If you're dead wrong on a short, you can lose 10 times your money."

"Frankly, I'm not sure I've ever made money in shorts. I've never had a down year, but I'm not sure I've made money in shorts. I like it. It's fun. But you can get your head handed to you."

"Don't try that at home."

[Josh Kale @JoshKale]

This Allbirds story is so insane:

→ $BIRD IPO'd in 2021 at a $4 billion valuation
→ Silicon Valley's favorite shoe
→ Lost 99.5% of its value in 4 years
→ Closed every US store
→ Sold the entire brand for $39 million
→ Renamed itself "NewBird AI"
→ Using $50M to buy GPUs and compete with AWS
→ Stock up 450% today on 875x normal volume

This is the most unhinged corporate pivot of the decade and the newest meme stock entrant

[Amena Bakr @Amena__Bakr]

Oil markets right now 😆

[Samantha LaDuc @SamanthaLaDuc]

BINGO:

"the only way to change sentiment is for widespread fuel outages"

[Aidan Simardone @AidanSimardone]

I feel crazy. There is an energy crisis looming. I am screaming the end is near but no one cares

[Chris Martenson @chrismartenson]

A blockade to block the blockade that's blocking the Strait that wasn't blocked before being blocked due to war of choice launched by Trump. Strategery!