Basel III Overhaul Redefines Bank Capital, Stress Test Rules
OUT NOW - incredibly deep dive on the massive new changes for Basel III implementation: significant consequences for bank capital rules for Stress Tests, GSIB Surcharges, mortgage/corp loan risk-weights Apple 🔊https://t.co/u0VXsrSK15 Spotify 📽️https://t.co/ExMyPkPRcY https://t.co/KTZbO1LAUt
Anthropic Boasts over 500% Net Dollar Retention
Anthropic CFO just said they have a Net Dollar Retention ratio of over 500% by the way
Truck Owners Benefit, Brokerages Suffer; Asset‑light Model Reversed
This could be good for truck owners/operators and bad for truck brokerages If so, yet another reversal of "victory of asset light business models" for past decades
Claude Partnerships Boost Retention for Data Providers
Data providers partnering with Claude seems like a win win. Clearly good for Anthropic, good for subscription retention for data providers. May hurt cross sell but no increased risk of switching https://t.co/k4GXiuVftF
Generative AI Cheats Quants: Hallucinates and Leaks Data
Generative AI can't be trusted by quants to generate alpha because: A) it makes stuff up B) it sneakily uses out-of-sample data to look clever Basically, it cheats. Full interview w/ @PictetGroup's David Wright Apple🔊https://t.co/VrGqnhXroo Spotify📽️https://t.co/Vj9Ny7eAk7 https://t.co/8yRZYzgl9F
Cerebras IPO Proves AI/Semis Are Finally Real
Cerebras IPO yet more evidence to me that AI / semis is mostly real whereas 2021 bubble was mostly fake The IPOs now are 290M=>509M companies with 145M in losses In 2021 the shitcos that were brought to market were "40M...
Generative AI Can't Produce Alpha; Quants Need Other Tools
OUT NOW - Generative AI can generate text & images but it CAN'T generate alpha. The tools serious quants such as @PictetGroup's David Wright use when they aim for enhanced returns are actually very different. Apple🔊https://t.co/VrGqnhXroo Spotify📽️https://t.co/Vj9Ny7eAk7 1/2 https://t.co/R9IIax4uHs
Live MTSlive with Max, @Abcampbell, and a Surprise
I'm hosting @MTSlive today with Max at 4pm ET // 1pm ET. @abcampbell will be joining us, we also have a bit of a surprise planned too
AI Progress, Not Cash Flow, Drives Hyperscaler Value
The bears pointing to fall in hyperscaler free cash flow is a "dumb argument." "All that means is CapEx is high. - @WarrenPies The real "north star for this market": "is AI still improving," not 1's CapEx is 2's OpEx "Compute Demand...
AI and Data Center CapEx Drive Markets, Not Macro
My message to those complaining I'm covering AI/Semis too much at expense of "bread & butter" Macro topics. Here's the reality. What's moving markets: - AI - Data Center CapEx What's not moving markets: - Treasury Issuance - Banking System - FX/Rates - Fed //...
New Chart Reveals Unsettling Dotcom Comparison Trends
All Dotcom comparisons have been like water off a duck's back to me... BUT... I just made this chart and it is moderately concerning https://t.co/xE9KahOmNa
Sell‑side Note on DataDog AI Proved Spot‑on
This sell side note on DataDog as leaning forward in AI Agentic capabilities was prescient (stock up 26%, got that $DDOG in them)
PCB and Wire Bonding: Overlooked Semiconductor Bottleneck
"Clearly the most underrated bottleneck in the semi supply chain is in printed circuit board and die-attach wire bonding", EthereumFire's senior crypto analyst wrote in a note to clients.
Palantir Sets Record with 150% Net Dollar Retention
Palantir is the largest company ever to reach a Net Dollar Retention Rate of 150% $PLTR https://t.co/eqiODEaQ7H
Earnings Estimates Surge Like Hockey Stick, Defy Bearish Outlook
Earnings estimates are rising in a "hockey stick like fashion" says @WarrenPies 🏒 "Unprecedented" for this to happen NOT coming out of bear market or recession. "I don't think this is bearish." Apple🔊https://t.co/xWZxRXyizG Spotify📽️https://t.co/vMYx7dErw4 https://t.co/rKJCVksIK1