Co-host of the Odd Lots podcast.

New York City
Joined March 2008
NEW ODD LOTS: If you want to understand what the Fed is really trying to accomplish here and how rate hikes are designed to work, you'll want to give it a listen. @tracyalloway and I talked to @edwardnh who explains what's happening clearer than anyone. bloomberg.com/news/articles/…
17
21
5
107
Show this thread
Joe Weisenthal retweeted
I wrote about stablecoin redemptions – and why their ability to meet those redemptions is a financial stability red herring. I also discuss why the stablecoin supply didn't experience the "flight to safety" growth that is often expected of it: withoutwarning.substack.com/…
7
18
1
80
Show this thread
Joe Weisenthal retweeted
Talked to an owner of a lumber mill. Said their saving grace this year has been temp organizations to help with hiring. They aren’t facing a bad labor shortage anymore.
4
5
63
$XRT up 14% since Tuesday morning
1
1
5
Joe Weisenthal retweeted
So $ULTA. 18% comp in Q1 & full year comp outlook DOUBLED to 6-8%. The consumer seems a lot less panicked about inflation than the market seems to be panicked that the consumer will panic about inflation. $XRT $SPY $XLY $XLP
Amid barrage of retail Qs, couple of points: high end strong & for all inflation talk, enough strength around to suggest even for mid income shoppers, weakness is mostly shifting spend to other categories & tough compares. $BBY $DKS $WSM $JWN $TGT $HD
3
3
1
31
Joe Weisenthal retweeted
⛽️ This is a properly-aimed initiative from the White House targeting idled domestic refining capacity. But I have SO MANY questions—like who tf is gonna operate them? **marines bust in to restart distillation towers by force** bloomberg.com/news/articles/…
17
8
3
60
Show this thread
3/ 我們在STEPN 將一如既往地致力於提供更好的使用者體驗及產品合規性。我們對為您造成的不便表示抱歉並感謝您的理解!STEPN從創建起就沒有在中國大陸地區從事任何業務也並未提供下載管道。STEPN歷來重視合規義務,始終嚴格遵守當地監管機構相關要求。 我們也在此提醒用戶謹防詐騙。 STEPN團隊
122
110
11
449
Show this thread
"Substack has told investors it had revenue of about $9 million in 2021..."
Scoop: Substack was exploring raising a new funding round in recent months, but dropped those efforts when the market flipped nytimes.com/2022/05/26/busin…
8
5
2
49
Joe Weisenthal retweeted
BTW why I also quibble with view of $RH CEO being this great ‘seer’. Sales are not the problem for most plus $WSM did just fine too. Even $M called out furniture as good while furnishings (which $RH does little of) were soft.
4
2
7
We have another bonus episode of the podcast coming out tomorrow. Our conversation, which was recorded live onstage at the @FreightWaves conference with Matt Pyatt, the CEO of @ArriveLogistics on what it takes to win in the game of Freight Brokerage
6
2
34
Freight Brokerage is kind of like what people imagine stock or bond brokerage to be. Lots of people in a big room on the phone, trying to match someone who needs something shipped with someone who has a truck.
4
4
21
Anyway, fascinating convo on both the model and the state of the market itself (not great). Subscribe here or elsewhere and don't miss it podcasts.apple.com/us/podcas…
1
8
The problem isn't the trading. The problem is the concept of carbon credits themselves. vox.com/recode/23142106/adam…
18
13
4
106
He’s trading oil futures time spreads
As seen by a friend in the wild today.
23
22
1
325
Joe Weisenthal retweeted
It's always about greed and dropping credit/finding standards. Every cycle. Was true in 2000 and 2007 with Fed funds at 5%; Was true in 2020-1 with ZIRP and QE.
"To attract the most promising startups, certain VC firms, notably Andreessen Horowitz, eagerly endorsed this high-stakes grade inflation and often allowed founders to cash out before they’d proved their business models."
6
14
1
81
Show this thread
"To attract the most promising startups, certain VC firms, notably Andreessen Horowitz, eagerly endorsed this high-stakes grade inflation and often allowed founders to cash out before they’d proved their business models."
The tech downturn isn't just the inevitable result of macroeconomic forces like high interest rates and inflation. It's also a long-overdue reckoning for industry excess. my @BW tech issue cover story with @lizette_chapman: bloomberg.com/news/features/…
9
26
4
132
Joe Weisenthal retweeted
So the only thing cheaper these days is bullshit.
Fertilizer prices have plunged 30% this month. bloomberg.com/news/articles/…
8
16
91
Fertilizer prices have plunged 30% this month. bloomberg.com/news/articles/…
30
77
29
469
Joe Weisenthal retweeted
and here's the news: another hitch in Ethereum's blockchain has traders worried about the Merge, made worse by the broader risk-off attitudes to DeFi bloomberg.com/news/articles/…
11
10
28
Show this thread
Joe Weisenthal retweeted
$LQD 6-week high
2
9