I think maybe two years ago I linked up with someone that reached out to me in my DMs about investing. She wanted to sit down and do an official meeting and blah blah. I said man let’s go to Fridays and get some drinks for happy hour. I only need to tell you what to do in 5 mins.
She wanted to do all these things, trading, real estate.
I told her don’t do any of that just buy $SPY and $QQQ and thank me later.
She reached out to me this month.
She up $74,000.
Next time she gotta take me out for steak and lobster 😂
BREAKING: Microsoft stock, $MSFT, falls -5% after announcing that its OpenAI license will now be nonexclusive and it will no longer pay revenue share to OpenAI.
Hedge funds continue to aggressively cover their short positions:
Hedge fund short exposure in US-listed ETFs fell -11.5% last week, the largest weekly short covering over the last decade.
At the same time, purchases of macro products, including index futures and ETFs, were the largest since May 2025.
As a result, hedge fund exposure to global equity macro products has only been higher in 3% of cases over the last 5 years.
The magnitude of the unwind suggests hedge funds were caught offside by the ceasefire rally and were forced to cover.
Hedge funds are rushing back into equities.
BREAKING: President Trump says Iran will have “no enrichment of Uranium” and the US will be working with Iran to “dip up and remove” all of Iran’s “nuclear dust.”
Trump also says the US is discussing tariff and sanction relief with Iran.
BREAKING: Nancy Pelosi has sold her Tesla, $TSLA, position worth ~$500,000.
She has also purchased an addition $1.2 million of Nvidia, $NVDA, and $5 million of Broadcom, $AVGO.