Pritish Saha

Explorer. Literally and figuratively.
Writes at

[Pritish Saha @Pritish_2012]

Writing weekly allows me the chance to recap my prior notes.

In a previous note I had attempted to explain how do stock prices move up when rate hikes are on table and this note explains why prices go up when rates go down!

https://t.co/S2zuI545Ll

[Pritish Saha @Pritish_2012]

@karpathy OMG I just loaded the page and was blown away by the first recommendations. The page loads superfast, without all the spammy ads everywhere and each video recommendation on home page has a super interesting title! can totally see me spending my afternoon on this page!

[Pritish Saha @Pritish_2012]

It’s likely going to be a historic day today.

The last time $QQQ went below $700 was on 3Aug

This is after we hit ATH on 6Oct.
Can any Disney park roller coaster beat this?

[Pritish Saha @Pritish_2012]

@liquidtrading Michael Burry today

[Eric S. Raymond @esrtweet]

This is the doom I predicted a few days ago, coming for Photoshop. A clean-room open-source reimplementation.

No prizes for guessing that they decompiled Photoshop to source code, processed that to some kind of non-code specification language, then fed the spec to an LLM with an instruction to generate Rust.

Adobe just got nuked. And closed source is dead, dead, dead.

https://t.co/0sxtGNaPtq

[Pritish Saha @Pritish_2012]

@vip92226041 this is the 90's email version of "send this email to 10 more in next 7 days else your cat will die"

[Pritish Saha @Pritish_2012]

This one here is worth being framed and put up in office of Treasury Secretary.

But then, even his mentor tried to talk him out of it and failed.

[Jim Bianco @biancoresearch]

@mark_woodworth Every attempt at YCC ends badly with the bond market blowing up.

It did with Operation Twist in the 1960s, Japan now, and Australia in 2021.

[Pritish Saha @Pritish_2012]

Can we bring this one back please? The rising rates environment is not nearly talked about enough.

Especially with a tsunami of capex spending fueled by debt on top of largest peacetime US Gov fiscal deficits

[Pritish Saha @Pritish_2012]

Further, this is the main reason for the increase. Does anyone think this will stop rising so fast? Or does the balance of probability lean towards velocity going vertical from here?

+5% increase in a month is crazy!

[Pritish Saha @Pritish_2012]

This week's note signifies a 12% target return hit for the year, which also means anything more generated this year till 31Dec26 is for me to keep as savings. Turns out, you can make good money in markets even without beating the index.

https://t.co/qiKIziFI64

[Pritish Saha @Pritish_2012]

Simple repost. No comments, fully agree

[StripMallGuy @realEstateTrent]

This is going up on my office wall

[Pritish Saha @Pritish_2012]

Further, this is the main reason for the increase. Does anyone think this will stop rising so fast? Or does the balance of probability lean towards velocity going vertical from here?

+5% increase in a month is crazy!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US M2 money supply jumped +$124.9 billion in August, to a record $23.34 trillion.

This marks the 28th consecutive monthly increase, totaling +$2.61 trillion.

YoY, M2 grew +5.7%, its largest YoY increase since June 2022.

This marks a sharp acceleration from +2.0% YoY growth seen in August 2024.

Meanwhile, since the 2020 pandemic, M2 money supply has surged +$7.85 trillion, equivalent to +$1.21 trillion on average per year, or +6.5% annualized growth.

US money creation is picking up speed.

[Pritish Saha @Pritish_2012]

Now that the short lived relief is over, do we continue seeing the 10yr push towards 5.5%?

What else needs to break before yields come down? Or is that not going to happen anytime soon?

[BuccoCapital Bloke @buccocapital]

Stripe publishing the Nomad Letters. Very cool. Can’t wait.

[Pritish Saha @Pritish_2012]

This is probably the sign money parked on sidelines was waiting to enter.

JK, how can Bernstein be wrong!

[Manish Singh @refsrc]

Bernstein: Many of India's large caps represent a "bygone economic era"

Foreign institutional investors will return to trade, but have "little reason" to invest in India

[Pritish Saha @Pritish_2012]

The incredible run up these two days has made it obvious - when the market is ripping, just try and hold on for dear life.

[Pritish Saha @Pritish_2012]

Rate hikes … more in pipeline … but the market still rallied? $QQQ

Time to get 'real' and move into real assets vs paper claims.

I write about my next moves in last quarter of the year in this week's note at the link below.

https://t.co/Bc0wSTkuMV

[Pritish Saha @Pritish_2012]

It is incredible to note that $QQQ has now hit 20%+ returns YTD.

This in a year no one will call “ordinary”

It truly, is the world of owners - investors. If you are still exchanging labor and time for wages, the world is increasingly moving out of reach for you.

[Pritish Saha @Pritish_2012]

Whenever any 'financial expert' tells you to diversify globally and hedge your risks, or that it is better to have exposure to emerging markets since 'US is spent'

show them this chart

and ask them to follow @KobeissiLetter, he provides more value for free than paid accts!

[Pritish Saha @Pritish_2012]

@hmarksofficial It is so heartening to see my own layman interpretations fall somewhat in the same ball park as the read from one of history's greatest.

It always pays to observe and learn from the best, since by copying them, over time, I ended up raising my own game leaps and bounds!

[Pritish Saha @Pritish_2012]

This past two days pricing melt-up allowed me to complete a few more rounds of options wheeling. I wrote about it on my substack as a
"Trading update - 22Sep26" https://t.co/cHLhZCCJSx

[Pritish Saha @Pritish_2012]

@joecarlsonshow Can’t imagine what’s happening in Google boardrooms these days