Three months ago, right after SoftBank’s quarterly results for the three months ended in September 2024, I wrote “SOFTBANK IS RUNNING OUT OF CASH, BUT NO WORRIES NVIDIA IS TRYING TO RESCUE IT,” highlighting how Masaponzi Son’s company continues to burn significant amounts of cash. However, a timely announcement of…
Category:Financial Analysis
THE POTENTIAL CONSEQUENCES OF A SHORT SQUEEZE ON BOE GOLD EXPOSURE
Before diving into what’s happening in the gold market, with a particular focus on the Bank of England, let me first share a broader view of the dynamics at play for better understanding. The physical gold market is where people buy and sell real gold in the form of bars,…
WHY THE SITUATION OF UBS IS VERY DANGEROUS
A notification pops up on my phone about UBS’s latest earnings results and how cheerfully the market reacted, sending the stock up ~3% at the opening. As I always do, I go to the company’s investor relations website, download the latest report, and start reading. It didn’t take me long…
CORPORATE BANKRUPTCIES VS BANKS EXPECTED CREDIT LOSSES: TWO PARALLEL WORLDS
The Q4-2024 banks earnings season officially started with JP Morgan, Wells Fargo, Goldman Sachs, BNY Mellon, and Citigroup kicking off the “beat expectations” parade: Between one “Kumbaya!” and a “High Five!”, one small detail across all these earnings reports clashes significantly with reality: provisions for expected credit losses. Before diving…
THE COUNTDOWN TO NVIDIA PROFIT WARNING
A very important event occurred on May 6th, 2022, that many NVIDIA investors are unaware of: “SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining“ Let’s examine what Nvidia did, shall we? These words come directly from the SEC. As incredible as it sounds, Chief Kristina Littman stated:…
STATE FARM KNEW A LOS ANGELES (FINANCIAL) CATASTROPHE WAS ONLY A MATTER OF TIME
Insurance isn’t really an area that I had much interest in, mostly because in the countries where I’ve lived, it has generally been a well-run and stable business. However, the recent Los Angeles wildfires prompted me to look into this sector in California more closely, and what I discovered is…
MICROSOFT BET THE FARM ON OPENAI, BUT IT LOST THE BET
Roughly 24 hours ago, OpenAI CEO Sam Altman first published a long blog post to celebrate 2 years since the launch of ChatGPT (Blog Post), then shortly after, this post appeared on X: This post is the incredible confirmation of what we observed two weeks ago in “MICROSOFT CEO KNOWS…
MICROSOFT CEO KNOWS HIS REVENUES ROUND-TRIPPING SCHEME IS FALLING APART AND IS PREPARING TO CONTAIN THE DAMAGES
Have you noticed how more and more people are distancing themselves from S(c)am Altman? Microsoft’s CEO, who according to his own words “bet the farm on OpenAI”, is the latest high-profile figure showing signs of frustration towards OpenAI’s CEO, despite his best efforts to hide them. Who can blame him?…
WHY A TSUNAMI OF STOCK OPTIONS SPECULATIVE MONEY IS GOING TO FLOOD CRYPTO ALTCOINS
If you think that the semiconductor stocks bubble popping will mark an end to the speculative mania, I am afraid that won’t happen for 2 reasons: How are institutional investors going to reposition? As I already anticipated long ago, they will keep rotating into financial stocks and Bitcoin: Don’t believe…
MARKETS ARE QUIET – TOO QUIET
This is supposed to be a “quiet” week ahead of US Thanksgiving that ushers in the last month of the year when no money manager is willing to spoil their performance and put their year-end bonus in danger by trying to make changes in asset allocation. The VIX term structure…