Geriatric millennial. Macro, value & technical observer. I invest in agency mREIT & CEF preferred stocks & baby bonds. I also screen for value stonks for fun.🍷
"Yup, started last with retail lending then cracks in wildcat banks, then goes into CCC and then goes into HG and ends in IG. And then the dispertion of credit starts to hit the lomocotive of the economy. We are in the late part of this credit cycle." @GraphCall who has warned LaDucTrading clients
https://t.co/RHN9TFGjbH
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
On Friday, I had the great privilege of joining @BrookeDiPalma from @YahooFinance for a quick interview. We covered a lot of ground surrounding the increasingly inconsistent stock market. Please take a listen. https://t.co/HzqzF75MVm
https://t.co/VBcTuERqFh