Tony Yiu

Data Scientist @nasdaq,

[jeroen blokland @jsblokland]

If you were wondering why stocks have held up so well despite a looming banking crisis?

#LIQUIDITY !
The Fed Balance Sheet increased by a whopping USD 300 billion+ last week.

[Julien Bittel, CFA @BittelJulien]

To conclude, today looks a lot like the 1990 recession:

War, a massive spike in commodity prices, hot inflation, Fed hiking, inverted yield curve, growth collapse, rising unemployment, extreme bearish sentiment and a ~20% drop in SPX.

It’s also a pretty good fit contextually…

[Julien Bittel, CFA @BittelJulien]

Unemployment lags the ISM by six months and will now start to rise…

(here inverted)

[Gavin Baker @GavinSBaker]

“Shaded areas in Figure 14 reflect periods in which banks’ willingness to lend was in the lowest tercile of history…Discretionary stocks have outpaced staples by 15% (look forward) when lending standards are at their tightest.”

Great stuff from Aram Rubinson.

Also leads 10 yr.

[Alf @MacroAlf]

The parabolic rise in house prices in Canada visualized.

Truly impressive and scary at the same time.

[Lisa Abramowicz @lisaabramowicz1]

If an inverted yield curve still functions as a telltale sign of recession to come, then the idea of a "soft landing" or "no landing" is getting more & more fraught. The inversion in the benchmark 2-10s U.S. yield curve has plumbed to new depths following today's CPI print (1/4)

[Bill Simmons @BillSimmons]

It’s great to be at this game with retired Lakers legends Kareem Abdul-Jabbar and Anthony Davis.

[Naveen Rao @NaveenGRao]

What many don’t realize is, on the other side of a ChatGPT session is a $150k server that costs ~$16/hr. The server goes 24hrs/day and can time slice efficiently. But the economics of scale aren’t that different from a human.

AI won’t be free like search was, at least not for awhile. We’re just beginning to understand the economics and viable business models. First technology innovation, then the business innovation.

[Samuel Adams @shmoolwald]

@espn @wojespn The Nets traded away Kyrie Irving, KD and James Harden for:

Ben Simmons
Seth Curry
Andre Drummond
6 1st round picks
Cam Johnson
Miklal Bridges
Spencer Dinwiddie
Dorian Finney Smith

[Golden State Warriors @warriors]

We've had some epic battles.

We've seen some incredible performances.

Tonight, we witnessed history.

Congrats, @KingJames

[Bleacher Report @BleacherReport]

LEBRON JAMES IS THE NBA’S ALL-TIME LEADING SCORER 👑

[Brooklyn Nets @BrooklynNets]

A new bar is set. Congrats, @KingJames 👑

[Wasteland Capital @ecommerceshares]

$GOOGL Shocking slowdown to +1% rev growth (+6% last Q), WTF 😳? Cloud +32% 👍, but down from +38% last Q. YouTube, Search, Ad Network, Services: All shrinking 😵! Margin fell from 29% to 24%. WTF is going on & how will this turn? Still a monopoly yes, but what’s in it for us? 🤔

[Pradeep @pdpsingha]

Sky High Tech Salaries Are A Barrier To Entry For Incumbents by @tonester524 https://t.co/OPU7bbLCy5

#experience #leadership #future #inclusion #diversity
cc: @jasuja @RShawar @sheminajiwani @stephfoster2020 @cherylnash2 @agentic_ai

[Cassava @CassavaSF]

We have a very unfortunate news.

This group under a reservation name Rie Kurita came in for dinner with 6 guests this past Sat night at 7pm. Their total bill was $425.41.

We got a call from a gentleman who said his card was used at Cassava for that amount but he did not dine.

[Charlie Bilello @charliebilello]

The Interest Expense on US Public Debt rose to $775 billion over the past year, a record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security.

[Gavin Baker @GavinSBaker]

1) The fact that Twitter is running well with headcount down significantly really matters.

Whether they admit or not, everyone in SV admires Elon.

A lot of venture funded CEOs are sending emails like this; inspired by Elon and taking drastic action.

Margins are going up.

[Gavin Baker @GavinSBaker]

The bull case for semiconductors.

Doubling the quality of an AI algorithm generally requires a 10x increase in the data used to train the algorithm.

AI can be superhuman, but it requires a lot of semis to get there. *Much* more than software written by humans.

Via @zswitten

[Gavin Baker @GavinSBaker]

3) Most importantly, Sundar thinks LLMs are a threat.

At least they are responding intelligently by focusing on the threat that matters unlike the social networks who ignored TikTok and IDFA/ATT until it was almost too late in favor of doing “important work” on the Metaverse.

[Rk Invest @rkmencia]

@GavinSBaker $MSFT has a large investment in OpenAI and looking to invest more. Sure $MSFT will use its muscle to go for the search market