A former client of mine worth 8 figures took his own life this week due to heavy losses in his portfolio. People outside the single stock world dont understand how brutal this business is, its a f#cking blood sport.
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Drukenmiller 🅰️postle retweeted
Forcing somebody to work for, and price things in, a money that somebody else can print for free will be looked back on as barbaric and predatory 100 years from now
The fact that somebody else can devalue your time and effort without your consent is the biggest violation of human rights that’s still happening today in modern society
Drukenmiller 🅰️postle retweeted
If you’re a macro investor, connect the dots for a second. Markets are pricing in a September hike, yields are surging, and the consensus is completely taking the bait.
Druckenmiller who literally trained both Warsh and Bessent publicly takes a swing at Bessent’s bond market interventions. Bessent plays along, firing right back. Meanwhile, Warsh and Druck wrote this piece calling on the Fed to hold off on hikes in 18.
It’s a masterclass in narrative control imo. Warsh gets styled as the uncompromised hawk to buy the central bank maximum market credibility even though everyone knows the core mandate from Trump is to cut rates.
Trump throws up a bone, gets a deal with Iran. Crude gets crushed-> yields come down, energy drops, and inflation cools. Warsh gets his cover to aggressively cut, equities rip to fresh all time highs, and the Admin claims its "Golden Age."
I mean come on it’s too obvious!!!
$ASTS
With so many tails winds and milestones having been reached, I still cant believe we are trading in the low $70s. I feel like we are only days or weeks away from a monster move
$ASTS bulls getting ready for the launch of Bluebird 11, 12 and 13 in August
Drukenmiller 🅰️postle retweeted
The European retail psyche is a masterclass in financial Stockholm Syndrome.
Over three trillion euros are now trapped in German bank accounts yielding negative real rates.
You have an entire demographic terrified of inflation, yet they voluntarily park their life savings in the exact fiat IOUs guaranteed to confiscate their purchasing power.
They refuse to touch equities because they think risk assets are a rigged casino.
They refuse to buy hard money because their local financial advisor told them it doesn't pay a yield.
So instead, they provide the ultimate zero-cost funding base for a structurally insolvent European banking sector.
Look at the institutional plumbing of this trade.
When a commercial bank absorbs sticky retail deposits at zero percent, they don't just sit on it.
They lever it up and buy sovereign debt to fund the exact government deficits driving the inflation retail is trying to hide from.
It is a perfectly engineered loop of silent wealth extraction.
The banks harvest an infinite net interest margin while the working class watches their savings melt in real time.
The system doesn't even need to force capital controls when the public willfully locks themselves in the pen.
You are an unsecured creditor to a leveraged lender pretending to be a vault.
Physical $GLD is trading north of $4150 and an entire nation is aggressively hoarding bank liabilities. 🏦
If the $ASTS launch scheduled this month is successful i will buy back the entire position. I dont mind buying back at a higher price if we have more clarity on execution.
$ASTS was the largest position in my portfolio by far, I decided to sell 60% of the position in order to prevent further losses as I am starting to lose faith in the management. They projected very optimistic launch targets for 2026, we are now in May without a single launch. I am dissapointed, i dont want to hear about projections, i demand execution, otherwise i allocate capital elsewhere. Not married to the stock. I still retain a chunky amount.
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Drukenmiller 🅰️postle retweeted
Crazy but it seems they are saying they solved this cooling problem in AI chips.
Exciting stuff if true . First deliveries made #SHT
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.
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Trump bought $PENG
