Craig Dismuke

Economist

[Kuppy @hkuppy]

Typical Day as a Hedge Fund PM

6:00 - Wake up, check what Trump tariffed overnight. Cambodia up +200%, Paraguay -3% (they said thanks).

6:05 - Brew some coffee.

6:10 - Trump tweets that the laws are rigged, since he cannot tariff Arizona. Mentally scroll the portfolio for exposure…

6:15 - Check what happened in Asia and Europe.

6:22 - Trump announces that hot dogs will join the food pyramid. Bans hot dog exports. Fortunately our book dodged that one.

6:30 - Drink some coffee, talk to wife, pray Trump will spend the morning golfing so I can do some actual work….

6:31 - Trump announces that oil at $65 is too high. Threatens anyone who isn’t producing more oil.

6:32 - Top 5 position announces earnings, want to join the earnings call at 7am, but Trump just scheduled a press conference then, and he’s looking unpredictable.

7:02 - Trump announces that Japan can now export golf balls tariff-free, in honor of Abe letting him cheat at golf. Join the earnings call instead.

7:06 - Futures plunge 65 handles in a single tick, frantically leave the earnings call and go back to whatever Trump is still yapping about in his press conference.

7:10 - Scroll through premarket quotes. $NVDA and $PLTR are both up 5% b/c it’s a day ending in ‘Y’ but SPZ are now down 80 handles.

7:15 - Trump changed his mind and SPZ are now up 25 handles as everyone rushes to cover their short. (I re-join the earnings call)

7:30 - Some broker I’ve never heard of just downgraded a top 5 position and it’s down 15% on 300 shares traded. I’m pretty confident it will close around there too. (I crack open a beer as I skim his downgrade report, realizing that nothing productive will happen today…😩😩)

8:00 - An LP calls to remind me of some
ShitCoin he recommended that’s now up 1800% since he recommended it.

8:09 - 10-yr bonds gap down 17 bps, but all I can find is a tweet from Bessent about how great Main Street is doing.

8:15 - Some sell side asshole cold-calls me to see if I want a copy of his upgrade report on the AI sector. Tells me that “it’s going to be big and you don’t want to miss it.”

8:20 - Check my email, do 10 minutes of actual work.

8:30 - Trump threatens Brazil, I realize our BZ exposure is gonna get thumped on the open. (Crack open a 2nd beer)

8:33 - Reminisce about how productive I was, since Biden wouldn’t even wake up until noon.

8:40 - Chat with my CFO for 19 mins about some new compliance form we need to file.

8:59 - Trump Tweets about how stupid Powell is. Futures are back down 30 handles.

9:04 - Join a call 4 mins late with an endowment that wants an update, but 100% will never invest. “BTW - we need you to update the DDQ as we’ve changed our format” 😡😡

9:29 - Casino is opening. Let’s see what happens.

9:32 - I’m bored. Go back to reading emails. Turns out the govt created another new form we ALSO need to fill out…

10:00 - We’re actually up 50bps.

10:03 - Now down 175bps. Trump just threatened to bomb Europe.

10:06 - Tweets he was just joking about Europe. But those guys need to get their shit together bc he might still bomb them.

10:08 - Ready for bourbon. Beer won’t cut it…

10:30 - EIA oil inventory shows yet another massive draw. Oil drops 5% anyway.

10:40 - Don Jr’s latest SPAC rallies 300% on rumors it may launch a new ShitCoin

10:45 - Friend calls to cry about how cheap all his names are. We both agree we were idiots to invest in businesses with earnings.

11:22 - Trump reminds everyone about how much Putin likes him.

11:40 - Realize I’m now too tweaked to sit in the office. Turn off the machines and go get lunch with a friend who’s also gonna bitch about how stupid markets have become.

12:05 - Hostess at restaurant pitches me some ShitCoin. Claims she’s up a few million on it

12:07 - Friend starts bitching about how stupid it is to be an investor under Trump, and how we all made money under Biden. I agree with him, but we both agree it would be even stupider under Kamala…😩😩

[Craig Dismuke @craigdismuke]

@Jkylebass Known Warsh for a long time and disagree with your assessment. “Business as usual” isn’t resigning from the Board in opposition to the profligate expansion of monetary stimulus. I’d say that reflects an understanding of where many imbalances originate.

[St. Jude @StJude]

👋 Meet Amar Gajjar, MD.

Throughout his career, starting at St. Jude in 1989, Dr. Amar Gajjar has authored more than 400 papers, many of which have contributed to the improved clinical care of children with medulloblastoma and other pediatric brain tumors.

[Craig Dismuke @craigdismuke]

@ClaytonWScott I knew you’d come around. #golfschool

[Marc Andreessen 🇺🇸 @pmarca]

Why AI Will Save The World
By Marc Andreessen

The era of Artificial Intelligence is here, and boy are people freaking out.

Fortunately, I am here to bring the good news: AI will not destroy the world, and in fact may save it.
🧵

[Mohamed A. El-Erian @elerianm]

Via Bloomberg:

Comments by ECB President Christine Lagarde on cryptocurrencies and a digital Euro.

#euro #digital #cryptomonnaie #currency #crypto #cryptoassets #bitcoin #cryptocurrencies #cryptocurrency @economics @markets @ecb @Lagarde #economy #markets

[Houston Cross Country and Track&Field @Houston_XC]

Congratulations to Lindsey Dismuke! She signed to run with Union University! #youarehouston

[Nick Timiraos @NickTimiraos]

Shelby: Volcker put the economy in a recession to get inflation under control. "Are you prepared to do what it takes to get inflation under control?"

Powell: "I hope history will record that the answer to your question is yes."

[Craig Dismuke @craigdismuke]

Good luck @StJude runners!

[Florida Gators @FloridaGators]

#GatorNation what was your reaction 😱

#GoGators

[Lindsey Dismuke @dismuke_lindsey]

@madisondismuke 👀

[Craig Dismuke @craigdismuke]

@houston_soccer Fingers activated @dismuke_lindsey

[Alabama Football @AlabamaFTBL]

🤟 - Love You Too @TurnerSportsEJ

"Make somebody's life Better."

#BamaFactor #RollTide

[Rick Palacios Jr. @RickPalaciosJr]

Here's May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home later in build cycle.

[Austen Allred @Austen]

An incredible moment from a 60 Minutes episode about Amazon in 1999.

"A couple of geeks who sketched out some software... could destroy Sears Roebuck?!"

He can barely stop from laughing.

[Craig Dismuke @craigdismuke]

I enjoyed joining you all. Thank you for having us!

[Meramec Valley Bank @MVB_BankSmaller]

Thank you @craigdismuke for the insightful presentation this morning during the Meramec Valley Bank Breakfast with Dave series. Hopeful for a great 2021!
#breakfastwithdave
#viningsparks
#banksmaller
#golocal
#banklocally

[Craig Dismuke @craigdismuke]

Thank you all for inviting us to participate.

[Indiana Bankers Association @indianabankers]

We appreciate Craig Dismuke of Vining Sparks for sharing his analysis of the economy at the Midwest Economic Forecast Forum. Thank you, @craigdismuke!

[Craig Dismuke @craigdismuke]

Here’s to 2021 being a little less eventful than 2020!

[⚽Houston Soccer @houston_soccer]

The first rankings of the season are out and the Lady Mustangs have claimed the #1 spot on the national rankings by the United Soccer Coaches. Congratulations ladies! Keep working! #WeAreHouston #KeepDoingtheWork @johnvarlas @memphispreps
https://t.co/ChRY0XGU7t

[Craig Dismuke @craigdismuke]

Leah Freeman and Lindsey Dismuke

[John Varlas @johnvarlas]

@houston_soccer @memphispreps Do you have first names for Dismuke and Freeman?