Jake

banger album

Fentanyl Czar would be a good punk band name

No doubt. But I assume this is the reason banks issue them (way below market financing) moreso than the 50 bps or whatever, thus guessing why they pay huge commissions to advisors to allocate.

It’s also capital raising, right? I assume they don’t segregate the $$

Ok… that makes me feel better

Not that I’ve seen for end buyers. Often collected by advisors as a fee.

Keep seeing structured notes from banks, which are subordinated debt. My $0.02... they should offer returns equal to the note's expected return PLUS the bank's subordinated debt yield.

In practice, they often (usually?) pay less than expected return.

As more interaction moves online, it seems like it could become more automated

Dow Jones Industrial Average: "My first 10-day losing streak since 1974..."

S&P 500 Equal Weight: "One up day this month too..."

S&P 500 Value and S&P 500 Low Volatility Indices: "Hold my beer..."

Yesterday

Wild chart...

Whoah… what in the world happened November 5th?

NEW POST: Bitcoin: Wealth Creation or Wealth Transfer?

A “devil vs. angel” format to explore the debate around Bitcoin’s place in a portfolio.

aptuscapitaladvisors.com/bitcoin-weal...

@barchart.com

Current mood #nba

East
1) Celtics
2) Cavs
3) Magic
4) Bucks
5) Knicks
6) Hawks
7) Pacers
8) Heat
9) Sixers
10) Pistons

West
1) Thunder
2) Grizzlies
3) Nuggets
4) Mavericks
5) Timberwolves
6) Rockets
7) Warriors
8) Suns
9) Lakers
10) Spurs

This seems less a settlement than a direct cash payment to the President by a media company

31% of the Mystics total home attendance for the entire 2024 season came from the two games against Caitlin Clark

😂

Tommy used to work on the docks,
Machines took his job,
Now he’s out of luck—it’s tough, so tough.

Foreign companies came to play,
Cutting the jobs, they sent cash away,
It’s rough—so rough.

Heineken may be the worst beer in existence

👍

$MSTR write-up... including what "Bitcoin Yield" is and who is paying it.

@smtuffy.bsky.social

🌶️ take

I think there is a decent (not likely) chance Soto opts out of this deal after 5 years.

He’ll only be 31 earning $55mm nominal each of the next ten years.

If he produces as expected, it will be a function of what contracts look like at that point.

Revising my Twitter response to:

Andreesen
Saylor

Scottie Pippen 😂

Oh man… what did Tsunami Warning say this time!

I think it's the best movie of all time

Most of this increase is a function of global sales growth of U.S. companies (pre tax corporate profit growth has been similar)

fred.stlouisfed.org/graph/?g=1BUeO

That’s great… does your daughter do anything related to the arts now?