Clippings 12 ~ Above target
Stubborn inflation, plunging oil inventories, surging semis, a changed Agg, AI slop, AI in fund selection, and more.
Finance
Investment Ecosystem Clippings.
Curated snippets and insights from the financial ecosystem by Tom Brakke.
Recent essays
12 of 12Clippings 11 ~ Breakout
The great oil depletion, the private equity drought, "research velocity," mutual funds lag, the pig in the python at SREIT, and Gen Z sours on AI.
Clippings 10 ~ Reflexivity
The wheels keep spinning in alternatives, credit, equities, spending, and even content creation.
Clippings 9 ~ Eating the asset class
Technology concerns, zombie funds, shuffling loans, small-staffed unicorns, and spending policies. (And cherry blossoms!)
Clippings 8 ~ Pricing things
Pipeline inflation, credit culture, LP secondaries, the interval fund prisoner's dilemma, and other important ideas.
Clippings 7 ~ Straight up
Great charts on oil, fixed income, pod shops, corporate investment, emerging manager performance, and much more.
Clippings 6 ~ Big moves
A wild day, a combustible region, a change in a big trend (maybe), and other important eye candy.
Clippings 5 ~ Highs and lows
Market repricings, the AI prisoner's dilemma, bogus "risk," CMBS delinquencies, and a long (last) look at presidential approval ratings.
Clippings 4 ~ A Tesla triptych
Endowment flips, a second spike for Corning, China selling Treasuries, AI disruption, and big dispersion in liquid alts.
Clippings 3 ~ Be careful what you wish for
Cutting interest rates (?), the basis trade, capex (and cash burn), goodbye mutual funds, and old insurance policies in a drawer.
Clippings 2 ~ Changes (mostly)
Tech stocks, employment trends, Asian fixed income, a precious (metal) year, margins on the move, a sticky presidential cycle, etc.
Clippings 1 ~ The first step
Global yields, the private-to-public belly flop, adjusted earnings, cratering debt, hemorrhaging funds, NFTs, and more.