Hotels & Trades

Acquired/developed $10B + for Big Tech • Hotel Developer • Market news and Macro trends 📈• not financial advice

[Hotels & Trades @hotelguy]

@michaeljburry

[Cheddar Flow @CheddarFlow]

This is insane

[The Kobeissi Letter @KobeissiLetter]

It's official:

The US 30Y Note Yield has now traded above 5.00% for the longest stretch since 2007.

So far this year, the 30Y Note Yield has traded above 5.00% for 27 days, or ~19% of all trading sessions.

Just months ago, markets saw 3+ rate cuts in 2026.

Talk about a turn of events.

[QE Infinity @StealthQE4]

Ummmm guys. We have a bond yield problem.

The 10 year yield broke out to new highs.

[Hotels & Trades @hotelguy]

@Latest_Finance @FluentInFinance This will shift the need for unit mix. Multifamily developers now need more studio and 1BD units, fewer 2+ BD units. It artificially looks like demand is high for this product when in reality it’s a societal change happening in front of our eyes.

[Hotels & Trades @hotelguy]

@Favwontmiss Don’t forget to also not have a schedule or calendar

[zerohedge @zerohedge]

Goldman - "As of July 13, a total of over 1.2 million leveraged retail accounts across the Korean market triggered margin calls. Approximately 320,000–360,000 accounts were fully liquidated by brokers. South Korea has an adult population (aged 15–64) of 35.7 million people… i.e. 1 in 30 (3.4%) adults got margin called."

[Hotels & Trades @hotelguy]

The Chamath video on CNBC is referencing this video btw

[Chamath Palihapitiya @chamath]

There is no failure. Only do and learn…

[Erwin @PrimeErwin]

@adambcohen93 We need to bring toxicity back. Good for both - founders and VCs.

[Jeff Feldman @Jefffeldman]

Shoutout to all the developers out there who take on a ton of risk.

Watching what’s happening on 42nd Street is just wild.

Every passing day is another interest payment.

Our entire housing stock is built on the back of developers who take on risk like this (at different scales).

[Jason Lewris @jasonlewris]

BREAKING: As of tonight, 1 in 7 homes for sale in America is in Florida - a state with only ~8% of the nation's homes.

The Florida for-sale market is flashing warning signs:

45% of listings have taken a price cut (6.6 pts above the national rate)

1 in 10 homes are selling for less than the original owner paid

[Hotels & Trades @hotelguy]

@Hedgeye @grok mirror this with USA prices. Extend the chart and show is USA follows Chinese real estate

[Hotels & Trades @hotelguy]

@jawwwn_ @BillAckman This >

[Jawwwn @jawwwn_]

Alex Karp on NYC Mayor Zohran Mamdani:

“Obviously someone who has no work experience ever, who has views that have never worked, should not be put in charge of the most important enterprise of its kind, maybe in the world.”

[Chamath Palihapitiya @chamath]

https://t.co/vPrPSUjTJG

[Elon Musk @elonmusk]

@chamath AI+Robots will be able to do everything, resulting in universal high income. Work will be optional.

[Hotels & Trades @hotelguy]

@StealthQE4 Middle class is being squeezed and also drawn to cheaper areas.

[Gregory Blotnick @gregoryblotnick]

"Tiger Cub Investment Framework" -- taught by John Griffin in his Security Analysis class at Darden & CBS decades ago