Will Fang

Supporting founders at @1stlightco. By way of @brexhq, @uber, and @goldmansachs. Enthusiastic about planes, trains, and mountains.

[Will Fang @willjfang]

Over the past few years, an annual trip to the Alps had become a treasured family tradition. Didn't happen this year so really counting on next winter. #missingthemountains

[Will Fang @willjfang]

@TheStalwart And yet he insists that everything is overvalued because PE ratios have increased since 1900.

[Will Fang @willjfang]

@JackFarley96 @TheStalwart Neither did I. But we're not oil experts. Feels like the 'experts' confidently predicting $200-$300 oil should have known at least a) and probably all three.

[Will Fang @willjfang]

@JackFarley96 @TheStalwart So the oil experts didn't know / anticipate those things?

[Will Fang @willjfang]

@TheStalwart Let's hear Rory Johnston and Javier Blas explain why their predictions didn't pan out.

[Will Fang @willjfang]

@KobeissiLetter Schrödinger's signing: https://t.co/g8A0S6lxYO

[Will Fang @willjfang]

@scottndricks @ramit For everyone asking about the hedges, she says they cost $2k / year to maintain at the 7:20 mark. Now sure where the $60k came from.

[Will Fang @willjfang]

@TELMEXSoluciona @Telmex @infinitum DM enviado. No podemos perder más tiempo con esto. Si la instalación no se realiza hoy, cancelaremos el servicio y nos quedaremos con nuestro proveedor actual. Queríamos darle una oportunidad a Telmex, pero esto es ridículo.

[Will Fang @willjfang]

@Telmex @infinitum Hemos programado instalaciones durante tres días seguidos y los técnicos nunca aparecieron. Cada vez que llamamos, nos confirman que todo está correcto. Esta es una forma absurda de gestionar un negocio.

[Will Fang @willjfang]

@OnesandToozePod @CameronAbadi @adam_tooze Thanks, but was it supposed to be only 18 minutes? The episode displays as 1 hour 3 minutes, but it ends after only 18. This is the case on both Apple Podcasts and Overcast.

[Will Fang @willjfang]

@OnesandToozePod Hello O&T, @cameronabadi, and @adam_tooze - The latest episode on Zohran Mamdani cuts off after 18 minutes. Is this by design?

[Will Fang @willjfang]

@KobeissiLetter The official responses from Carney and trade minister LeBlanc both reaffirm Canada not pursuing a "free trade deal" with China. This language was nowhere in Trump's tweet, but it gives Trump a ladder to climb down on if / when he decides to move on to the next fracas.

[Will Fang @willjfang]

@Afinetheorem @Timpressive @pfau It's mildly annoying and tedious when it works. And much worse when it doesn't. I had to get an MP involved to resolve this issue for my partner last year: https://t.co/IwRnEir8Zk

[Will Fang @willjfang]

@sterntaler1970 @eas_123456 @CitImmCanada My partner's eTA was also approved today (9 days after his application)! I sought the help of my MP whose office contacted IRCC. We mentioned the possible systems issue affecting multiple applicants, and IRCC acknowledged the problem. Hopefully this means they fixed it for all.

[Will Fang @willjfang]

@KobeissiLetter How to reconcile the above with this? https://t.co/DR229UUBva

[The Kobeissi Letter @KobeissiLetter]

This is incredible:

Hedge funds bought a record amount of global equities in May, according to Goldman Sachs.

This comes after 4 consecutive months of net selling, which included nearly a record dumping in March.

Last week, these funds' trading activity saw the largest increase in 2 months, driven by long buys outpacing short sales.

Additionally, 4-week average hedge fund net inflows into US equities hit their highest level since October 2024, according to JPMorgan.

This is a massive reversal from the largest net selling since the 2020 pandemic, seen in April.

Hedge funds are starting to chase the rally.

[Will Fang @willjfang]

@trumpetisawesom @Citrini7 Are these revenue tickets that still qualify for status dollars / points / miles earning?

[Will Fang @willjfang]

@stevehou The concepts of the concepts of a plan.

[Will Fang @willjfang]

@DasStrategies @adam_tooze @business @FerroTV @lisaabramowicz1 @annmarie That whole interview needs to be clipped and framed as a piece of art.

[Will Fang @willjfang]

The 8-D chess ain't chessing.

[Sonali Basak @sonalibasak]

😳😳😳 the 10-year yield is now UP by 4 basis points, after a more than 20 bps plunge last week in a rush to safety.

From @RenMacLLC: "I think people are beginning to dump their bonds to raise cash. Not great Bob."

[Tracy Alloway @tracyalloway]

The guy cheering on Trump's tariffs and telling stock investors to shut up about their losses is literally betting against Corporate America viz CDS.

[Will Fang @willjfang]

@jbarro You also don't need call up "a guy" to move into treasuries. https://t.co/L4quy3xvYm

[John Ganz @lionel_trolling]

Most people can't call up their guy and go "move into treasuries." They are like "What's going to happen to my pension and also will I have a job?"

[Will Fang @willjfang]

@binarybits Except that CR is what's allowing this in the first place. It included language that redefined "calendar days" to exclude all remaining days in this session of congress so no member can challenge Trump's invocation of emergency under the IEEPA. Ds were aware of this.