By Paul Sankey
Published on November 8, 2026 at 8:27 PM
Ten days ago I was chatting in the lobby of a major hedge fund to a senior sales guy at a massive market maker. That day the market, particularly the NASDAQ, was coughing violently with an increasingly red face. “I’m bearish,” he told me outright. “Pretty, pretty bearish. We have to flush out CoreWeave. And that will lead to a lot of other stuff getting flushed.” This week, CoreWeave reports (Tuesday 10 November after the …
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By Paul Sankey
Published on November 1, 2026 at 9:03 PM
Greetings, Two big things today, we approach the week with Mid-term Election trepidation, after a violent end to last week, and Apple earnings etc tomorrow. Plenty of oil earnings. By Friday we will be all-but done, with EOG reporting. A major Long Only client pointed out that BP earnings estimates are far too low, on a stock that already looks extremely cheap. We had a little mutter about the Sellside these days, by which there …
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By Paul Sankey
Published on August 2, 2026 at 7:26 PM
Greetings, After sending you a UAE note yesterday that tried to start punchy with Hormuz volume charts, then later went back 2,500 years to to Cyrus the Great, Persian Empire I, today we have mostly charts. “You, me, and the UAE” was emailed to you yesterday intra-Saturday. It feels a momentous time in writhing markets, and it feels like the combination of the Japanese Yen, the new Fed Chair, and well, Korea’s Kopsi index, never …
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