Welcome to panic-driven buying!
Going into this week: * Hedge funds just hit 100th percentile gross leverage * Biggest 6-week positioning jump since 2020. * Net buying at +2.5 SD (largest since Dec ’21) * Put protection near multi-year lows * "Offers wanted" floods GS desk This isn’t cautious buying—it’s panic-driven chase mode. Source: The Market Ear
Sometimes we need to be careful with magazine cover page.
Or use them as contrarian indicator?
$1.2 Trillion of S&P 500 $SPX notional options exposure is set to expire on Friday with a max pain price currently sitting at 5,840
Source: Barchart
Institutional investors have rarely been this BEARISH on the US Dollar:
Nearly 20% of fund managers, 174 fund managers with $458 billion in assets, surveyed by BofA said they are underweight the US Dollar, the most in 19 YEARS. Is the US Dollar heading even lower?
📢 MICHAEL BURRY HAS SOLD EVERY SINGLE STOCK HE OWNED.
HE DID START A NEW POSITION IN ESTEE LAUDER THATS HIS ONLY CURRENT POSITION 😨 Michael Burry didn’t just trim his longs. He loaded up on PUTS. 🔴 He’s betting against: • $NVDA (900k shares) • $BABA, $PDD, $JD, $BIDU (China) • $TCOM ‼️ Nearly 50% of his portfolio is a short on $NVDA alone. The Big Bear is back🐻 Source: GURGAVIN on X, Michael Burry Stock Tracker
Incredible stat: 98% of Warren Buffett's current net worth of $160 billion came after he turned 65.
"My life has been a product of compound interest." Warren Buffett Source: Peter Mallouk
Yesterday, NVIDIA announced a strategic partnership with HUMAIN, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to advance AI and digital infrastructure.
The key components of this partnership include: 👉 AI Factories and Infrastructure: NVIDIA and HUMAIN will develop hyperscale AI data centers with a projected capacity of up to 500 megawatts, powered by several hundred thousand of NVIDIA’s advanced GPUs over the next five years. The initial phase involves deploying an 18,000 NVIDIA GB300 Grace Blackwell AI supercomputer with NVIDIA InfiniBand networking. 👉 NVIDIA Omniverse Platform: HUMAIN will implement NVIDIA’s Omniverse platform as a multi-tenant system to create digital twins, enhancing efficiency and safety in sectors like manufacturing, logistics, and energy. This supports Saudi Arabia’s Industry 4.0 goals.
📢 The return of capital is back in focus
➡️ The Cap return story is more impressive now than ever. Companies managing to invest in growth AND return capital. Some even protecting the margin by lowering OPEX. Best of 2 worlds or even triple positive whammy. 1. Microsoft remained steady at $3.5 billion. 2. Meta ramped up to $13.4 billion (from $0 last quarter). 3. Google executed $15.1 billion in buybacks and raised its program to $70 billion. 4. And the standout: Apple repurchased $25 billion and authorized an additional $100 billion. Source: The Market Ear, Bloomberg
