📈📉 US markets/macro/Fed/housing (all opinions here = own). 🗣️ Learning French with very modest success (Intermediate/B1). 📍Chicago, but always very Californian.
Jonathan Todd
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Yesterday, the day before the $SPCX IPO, I sold a bunch of my recent winners as a source of funds
(to pay down my 6.65% mortgage)
like there's a moment where Stuart says he skipped Wilshire and took Beverly over to Santa Monica and that's how he got home so early and I'm like "yeah that might work"
Just be careful with the latest BofA FMS because the survey period ended last week and events since then mean it's probably stale
Been about three weeks since I wrote about the S-1 and no real changes on my views around SpaceX itself.
But the market context since then has changed... the market hit momentum and AI-linked stocks, lots of equity supply/coming IPO announcements, etc.
You can take Cucurella out of Chelsea, but apparently he's somehow going to keep finding himself in very Chelsea-esque situations
I'm definitely going to start calling markets/econ charts that look like this a Cabo Verde formation
