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Friday Speedrun: August 11, 2023
Yeah, so it’s been a pretty strange two weeks as my view was that burgeoning inflation pressure, a ton of strange under-the-hood microstructurey stuff, bearish seasonality, and a preponderance of headlines including phrases like: “Bears throw in the towel” created a nice setup to take a shot from the short side. I specifically advocated MSFT puts and short megatech vs. equal weight kinda stuff. The point of this particular Substack is not to make forward-looking calls (that’s what I do in my actual job), but this view was super high conviction so I couldn’t help myself and I put the whole thing online for ... (full story)