Exploring macro and strategic trends in the tech industry.
Plus: Number of American millionaires keeps soaring, SpaceX's valuation is also mooning, jumping $100B in less than a month, and Citi promoted 344 managing directors.
Featuring Reddit's 354% and Astera Labs' 232% post-IPO gains.
Plus: Tech stocks are booming. Bitcoin hit $100k in a 50% post-election rally, and Simon & Schuster employees are upset with the Grinch (KKR) for canceling their Christmas party.
Plus: Private equity pay is slumping, short sellers are throwing in the towel, and Donald Trump Jr. joins PSQ Holdings leading to a 270% rally.
Plus: Bezos backed an Nvidia rival, Trump and Dimon have reportedly been having private conversations, Intel CEO is out, and Enron is back (sort of).
Plus: U.S. theaters smashed records, Elon teased a Hasbro acquisition, Biden pardoned son Hunter, and 5 things to buy before tariffs take effect.
A long-time horizon is a competitive advantage.
Plus: Starbucks’ Red Cup Day came in red hot. Elon's mom on her son's relationship with Trump. Blackrock close to buying HPS for $12B, and Mexico warns tariffs will cost 400k US jobs.
Plus: Rivian got $6.6 billion from US govt, Citi called Financial Times fake news, and airlines made $12.4 billion from seat selection fees alone over six years.
Plus: Trump pledged more tariffs on China, Mexico, and Canada. DB raised its S&P 500 target to 7,000, and Citi is offering special bonuses to keep employees from leaving.
Plus: Trump picked hedge fund manager Scott Bessent to run the Treasury, and TikTok CEO is reportedly seeking Elon Musk's advice on Trump’s second term.
