As Marley said, In 2026 light up the darkness, people. Have a good one.
Facebook buys AI scientists, China buys ex-ASML employees...
Semi companies' China revenues are not sustainable.
$ASML #Semi
How it started and how it's going.
https://www.generalistlab.com/insights/why-i-started-generalistlab/
Lots portfolio moves in past 2 weeks, after a break, will write annual portfolio review getting into more detail soon. Stay tuned. For now, in short:
-Sold 12.5% AKO1L at €1.8
-Bought back $INTC at $37.1
-Add $KSPI at $79
-Bought Nordic Corp Bond Fund,~5%
-Sold $EVO at 622 SEK
Dallas FED survey on oil market.
https://dallasfed.org/research/surveys/des/2025/2504#tab-comments
"I have an uneasy feeling about the reason that China continues to stockpile crude oil to the tune of about a million barrels per day. Could it be a prelude to an invasion of Taiwan?"
Same brother, same.
Madara Cosmetics $MDARA management said they have something exciting to announce in H1 webinar I assumed it was new markets.
b2b subscription based service for hotels was not in my bingo card. Interesting if they get traction in this segment, but gotta compliment the move.
Annual Nasdaq-100 index ($NDX) changes.
Added:
-Alnylam Pharmaceuticals, Inc. ($ALNY)
-Ferrovial SE ($FER)
-Insmed Incorporated ($INSM)
-Monolithic Power Systems, Inc. ($MPWR)
-Seagate Technology Holdings plc ($STX)
-Western Digital Corp. ($WDC)
Removed:
-Biogen Inc. ($BIIB)
-CDW Corporation ($CDW)
-GlobalFoundries Inc. ($GFS)
-Lululemon Athletica Inc. ($LULU)
-ON Semiconductor Corporation ($ON)
-The Trade Desk, Inc. ($TTD).
This is the most bizzare thing I dont get about murica. Why would you call your kid "dick"?
Radio Paradise served this wonderful cover of one of most recognizable Tears of Fears songs "Head over Heels" by Japanese Breakfast. New indie artist for me. Way more collected, chill version.
#GLMusicDiscovery #indie
Glassnode:
The aggregated size of Bitcoin treasuries held by public and private companies has grown from 197K BTC to 1.08M BTC, a ~448% increase since January 2023.
Corporate balance sheets are becoming an increasingly significant pillar of demand for BTC.
Price is noise.
Occasionally visit Clouded Judgement for newest stats, comps, but title on this one caught my eye.
Startup space getting irrational on compensation expectations. All in the space of that 1% w/ purcashing power.
https://cloudedjudgement.substack.com/p/clouded-judgement-12525-monopoly
“In three words I can sum up everything I’ve learned about life: It goes on.” - Robert Frost
Captions by Allesio
US INTEREST RATE FUTURES PRICE IN 78% CHANCE OF PAUSE IN JANUARY MEETING VS 70% BEFORE FED RATE CUT -LSEG
FUTURES IMPLY TRADERS SEE FED POLICY RATE AT 3.1% AT END-2026 AFTER FED RATE CUT, LITTLE CHANGED FROM LEVELS JUST BEFORE -LSEG
Assuming traders still price independent FED for next year. Mistake imo.
QE starts in 2 days. My outlook: party on into year end, volatility starts Q1 w/ bootlicker Hasset as FED chair:
-Rates down
-10Y up
-Gold up
-Stocks up
-Dollar down
META’S ZUCKERBERG PLANS UP TO 30% CUTS FOR METAVERSE EFFORTS
They should also change the name to reflect the recent "focus" and capex.
Ai's care, and by extension everyone else.
26'Q1 shaping up to be more volatile. Cuts vs renewed US dollar (fed independence) credibility.
Whitehouse sketching plans to veto FED presidents, vigilantes warning about Hasset doing Trump's bidding (duh).
#FED #SP500
Wiki founder Wales:
"level of trust in Musk is extremely low, because he says wild things all the time. When he attacks us, people donate more money[..]. That's not my favorite way of raising money, but the truth is a lot of people are responding very negatively to that behavior"
Trump Accounts to start July 4 next year
United States President Donald Trump announced on Tuesday that the so-called Trump Accounts, the investment accounts for children under 18, will become available from July 4 next year.
Block mentioned in Investor day they are working with trump administration on this.
$XYZ
Increased $ALAB at $146.09, on Amazon Trainium + NVLink scare. Also announced today: "Astera Labs Expands Connectivity Portfolio with Custom Solution"
From recent calls, they have 26' revenue pretty much locked in; any product roadmaps drive 27-28' imo.
I'm sure there were CRISPR editing breakthroughs I'm not aware of, but diabetes its a disease for nearly 10M people.
Using CRISPR, scientists modified diabetes I patients cells, to enable them to produce insulin without immune system response.
https://pbs.twimg.com/media/GwsuJHPW8AADhE2?format=png&name=900x900
Finally updated excel portfolio. Current composition.
As you can see I've been working on that cash position by means of .. work.
Note: not included: $ANGI, that was split from $IAC sometime this year and I'll be after I go through recent recent calls there.
Very few U2/Bono tracks have pushed through my taste wall. My understanding this version of Sunday Bloody Sunday is a special rework for Bono's movie Stories Of Surrender. Just beautiful.
https://pbs.twimg.com/media/GwkGSKoWMAAu-zn?format=jpg&name=large
https://www.youtube.com/watch?v=FZTDe_MRYtU
#GLMusicDiscovery
WTF Pat Gelsinger?
New Intel CEO on his observations:
"I’ve been surprised to learn that, in recent years, the most important KPI for many managers at Intel has been the size of their teams. Going forward, this will not be the case."