Founder and editor of The Felder Report: https://thefelderreport.com
Jesse Felder
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‘The “Hateful Eight” — the Mag 7 + Oracle that drove index gains for the past two years — account for 85% of the year-to-date drawdown in the S&P 500, subtracting roughly 576 points. The other ~490 companies collectively added about 100 points.‘ paulkedrosky.com/chart-of-the...
Private Credit’s Exposure to Ailing Software Industry Is Bigger Than Advertised www.wsj.com/finance/inve...
“There are cracks in the foundation of the private debt market,” says Alan Schwartz, executive chair of Guggenheim. “Any time you get increased selling in illiquid assets that don’t have transparent valuations, it can cause significant spasms in financial markets.”
www.ft.com/content/2143...
“If the only credit card you can use is Mastercard, and they cut you off, it is very painful. But if you have American Express, Visa, Diners Club and other options, then Mastercard loses its power over you. That is what Europe and China are seeking.” www.scmp.com/economy/chin...
‘The lack of an anchor customer is an issue for any data-center developer. In Fermi’s case, the co. won’t commit new capital to the next phase of Matador construction until it gets more project financing. And it won’t get more financing until it signs a tenant.‘ www.barrons.com/articles/fer...
‘Palo Alto Networks has been a casualty of the ongoing software slump and more recent concerns over looming risks in cybersecurity. But its CEO’s roughly $10 million purchase of company stock is being viewed as a bullish signal.’ www.barrons.com/articles/pal...
‘In many cases, households have run through the excess savings built up from 2020-21. Retail involvement in the market is probably due to backslide. If so, the Robinhood premium that’s persisted for the past 6 years could quickly turn into a retail discount.‘ www.bloomberg.com/opinion/arti...
‘It's time for Altman and the wider AI community to start contemplating what life might be like without Son's checkbook.‘ www.reuters.com/markets/asia...
‘The obvious analogy is with the 1956 Suez Crisis, when Egypt nationalized the canal and provoked the UK and France into the failed campaign that would end their status as great powers. This suggests Iran has little to lose and much to win from continuing conflict.‘ www.bloomberg.com/opinion/news...
Me in 2024. Today everybody on Twitter is screaming that Claude is blowing through its limits faster than ever.
The subprime AI crisis begins…
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Ed Zitron
Iran’s leaders have more incentives to keep the conflict going than Trump does.
His SoftBank empire has been integral to OpenAI achieving an $840 bln valuation. It puts the ChatGPT developer in a precarious spot. The Japanese billionaire’s company is running short on finan...
At some point, big tech/LLM companies like OpenAI must charge the actual cost of delivering generative AI - and I believe there is a subprime AI crisis brewing where the entire industry is dependent on discounted and unsustainable prices.
wheresyoured.at/subprimeai/
