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On today’s show we discuss:
- Musks $43B offer to buy Twitter
- Elon Musk is no longer Twitter’s biggest shareholder
- Peter Thiel calls Warren Buffet a ‘sociopathic grandpa from Omaha’
- Raising rates can be good for stocks?
- KB homes may have better things to do than build homes
- Late-stage valuations getting hit hard
- Covid-flation meets Putin-flation
- How Series I Savings Bonds work
- Why homeowners aren’t selling
- Home sales fell 4% in March
- Housing market fever starting to break in Boise
- Decade high mortgage rates pose threat to the spring housing market
- Delta earnings
- JPM earnings
- Blackrock earnings
- Jack Dorsey’s first tweet ended with a top bid of $280 after selling for $48M
- Why the past 10 years of American life have been uniquely stupid
Animal Spirits NFTs:
- Animal Spirits Community NFT
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Listen here:
Transcript here:
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Tweets:
Elon Musk is a bullshitter who delivers. This breaks a lot of people's pattern-matching, in both directions.
— Benedict Evans (@benedictevans) February 8, 2021
I shit you not:$TWTR designed the poison pill to give people the ability to buy $420 of stock for $210.
(Read the fine print; it's not quite this simple. And, yes – I know Wednesday is 4-20🔥.) pic.twitter.com/FNyzGgDhCQ
— Compound248 (@compound248) April 18, 2022
Were the Vanderbilts and Rockefellers morose in their old age? It’s depressing to see billionaire technologists who built or financed all of this stuff who are so clearly unsatisfied and unhappy despite “winning life” in the American system.
— Conor Sen (@conorsen) April 13, 2022
Were the Vanderbilts and Rockefellers morose in their old age? It’s depressing to see billionaire technologists who built or financed all of this stuff who are so clearly unsatisfied and unhappy despite “winning life” in the American system.
— Conor Sen (@conorsen) April 13, 2022
US Dept Commerce March data. March 2022 non-store sales (our proxy for e-commerce) was up 2.6% vs March 2021 and up 35.3% vs March 2020 (start of pandemic). https://t.co/iWQdiuZsfo pic.twitter.com/bnlCyyg0tY
— Jason Goldberg (@retailgeek) April 18, 2022
US Dept Commerce March data. March 2022 non-store sales (our proxy for e-commerce) was up 2.6% vs March 2021 and up 35.3% vs March 2020 (start of pandemic). https://t.co/iWQdiuZsfo pic.twitter.com/bnlCyyg0tY
— Jason Goldberg (@retailgeek) April 18, 2022
$AMZN CEO: "We’re about 1% of the worldwide retail market segment and 85% of retail still lives offline. So we’re so early in all these areas. AWS is a $70B revenue run rate business growing ~37% YoY in 2021 & still 95% of the world’s IT spend is on-premises & not in the cloud"
— Mokaya (@ekmokaya) April 17, 2022
$AMZN have spent ~20 years and over $100 billion to build out its Fulfillment Network, and currently have over *one million* employees working in it 🤯 pic.twitter.com/ETIWcGOU5B
— Professor Kalkyl (@Prof_Kalkyl) April 18, 2022
“…when the sell-side consensus is competing to see who can pencil in rising recession probabilities fastest and ordinary people are searching about these topics on the internet, you can be sure the news is already reflected in market prices…” @RenMacLLC https://t.co/TWpDr5xtUF
— Sam Ro 📈 (@SamRo) April 18, 2022
This week's AAII Bullish Sentiment reading came in at just 15.8%. This is the least bullish individual investors have been since September 1992! https://t.co/a4Qg3bMNbd #investorsentiment pic.twitter.com/2LPcVBwJ4V
— Bespoke (@bespokeinvest) April 14, 2022
No question anymore about impact of inflation on @NFIB small businesses’ confidence (has taken over quality of labor as #1 problem) pic.twitter.com/nDpFIGZ1PE
— Liz Ann Sonders (@LizAnnSonders) April 12, 2022
Natural gas futures surging. At their highest level in over 13 years.
Last time they were this high, there was a combination of a hurricane and a heat wave at the same time. https://t.co/Tz6war92cK pic.twitter.com/WyeOCQrGoB
— Joe Weisenthal (@TheStalwart) April 18, 2022
here's an analyst asking JPMorgan's CFO if they're seeing any distress among their credit card customers, even low income ones, and he's basically like…nope! pic.twitter.com/vmNVG4N05W
— Matthew Zeitlin (@MattZeitlin) April 15, 2022
(FT) – British households have cancelled video subscriptions in record numbers as they curb non-essential spending to cope with the cost of living squeeze, reinforcing concerns that a pandemic-fuelled boom in streaming is over$DIS $AAPL $NFLX @FT https://t.co/zzrdl3udri
— Carl Quintanilla (@carlquintanilla) April 17, 2022
"Since Q2 ’18, $NFLX has traded down on 13 of 15 earnings prints." — B of A desk
— Carl Quintanilla (@carlquintanilla) April 18, 2022
Goldman: " the historical G10 evidence suggests the odds of a recession are higher than normal, and we now assign roughly 15% odds to a recession in the next 12 months and 35% within the next 24 months."
— Bill McBride (@calculatedrisk) April 17, 2022
*APPLE N.Y. RETAIL UNION ORGANIZERS ASK FOR $30 HOURLY WAGE:CNBC$AAPLhttps://t.co/Uw8dBucrcJ
— *Walter Bloomberg (@DeItaone) April 18, 2022
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