Excluding Joe Rogan is insane.

Tesla's automotive revenues are shrinking... and they have been shrinking for over a year now $TSLA

Important reason why private credit loan yields have compressed so much 👇 Private equity funds (which demand private credit financing) tend to be drawdown, meaning they can sit on dry powder... Whereas in most private credit funds (BDCs etc.), the capital is deployed immediately. As a result, there has been an imbalance of supply and demand for loans in private markets. In other words, too much money chasing not enough loans, and as a result, the loans have surged in price (and spreads have narrowed). Full interview below!

OUT NOW - @Oaktree MD Wayne Dahl on: - dispersion in high yield markets - opportunities in CLOs, CMBS, & Euro credit - why loan spreads have narrowed so much Apple Spotify YouTube

General Motors paid 29% of its profits in tariffs $GM

What recession? Consumer credit is strong, at largest credit card company you've never heard of Every single credit metric for Synchrony Financial $SYF - charge-offs, delinquencies, etc. - is less stressed than it was last year (Q2 2024) (Caveat below at tweet #3) 1/3

I didn't know that Zelle was co-owned by 7 banks. I thought Bank of America owned it Because it features so prominently in $BAC investor presentations Learn something new every day!

What @Citrini7 likes about Teradyne: - underappreciated robotics tailwind - Amazon is buying $TER's robot claw for their factories - analysts' earnings expectations = "cynical cyclicality" 1/3 Full interview:

Bitcoin calls are cheap, argues volatility specialist Dean Curnutt. It could be an "off-to-the-races type moment." Full interview w/ @Alpha_Ex_LLC:

OUT NOW - how @Alpha_Ex_LLC's Dean Curnutt sees it: - Equity vol is rich - Bitcoin calls are cheap - Stock market is right to no longer cares about tariffs Apple Spotify YouTube