FAKE

This is not a real account and its not me...

So, you say betting on the end of the world is not a good trade...?

Polymarket Removes Betting Market on Nuclear Detonation. www.wsj.com/livecoverage...

Not an encouraging sign... this is a solid indicator of future airline prices and CPI inflation.

www.airlines.org/dataset/argu...

The Evolution of Alpha - The Big Picture The world of investing has changed over the first 30 years of my career. Perhaps the biggest surprise has been the gradual shift from traditional market-based pursuit of alpha to what can be best desc...

If you are solely focused on generating better returns through stock picking and/or market timing, you are leaving a TON OF MONEY on the table.

Get smarter about the many ways you can substantially improve your net, after-tax, total returns...

ritholtz.com/2026/04/evol...

The Evolution of Alpha - The Big Picture The world of investing has changed over the first 30 years of my career. Perhaps the biggest surprise has been the gradual shift from traditional alpha chasing to what is best described as “Organizati...

We are coming to San Francisco!

Come talk to us about the Evolution of Alpha, and what this means for your long-term financial health.

ritholtz.com/2026/04/evol...

Rising Interest Rates Was An Unforced Error.
via @jonathanjmiller.bsky.social

• Tariffs are inflationary
• Placing political pressure on the Fed to slash interest rates is inflationary.
• Wars and random bombing of countries are inflationary

housingnotes.com/i/193188202/...

The Evolution of Alpha - The Big Picture The world of investing has changed over the first 30 years of my career. Perhaps the biggest surprise has been the gradual shift from traditional alpha chasing to what is best described as “Organizati...

We are coming to San Francisco!

Come talk to us about the Evolution of Alpha, and what this means for your long-term financial health.

ritholtz.com/2026/04/evol...

"In a surprise twist, the Epstein files released the attorney general.” 

-Jon Lovett

I am aghast listening to people on TV discuss the NFP report of 178k as "Blowout numbers."

This is an okay number, not as bad as some recent data points, not as good as others.

Call it the soft prejudice of low expectations...

Amazing flight experience for a lucky few:

www.instagram.com/reel/DWnO3Ig...

Have Trump's tariffs worked? This is where things stand a year after 'Liberation Day' It has been a year since President Trump announced double-digit tariffs on imports from around the world. So far, those levies have not produced the economic boom the president promised.

1-year Anniversary of Liberation Day:

-US foreign direct investment is lower
-US factories employ 89,000 fewer people
-US goods trade deficit is UP 2%
-Treasury collected billions but must return it
-Inflation elevated.
-Every court + SCOTUS found them unconstitutional

www.npr.org/2026/04/02/n...

'We don't need the Strait of Hormuz' is the new 'foreigners pay the tariffs.'

China Will Never Beat Taiwan, Here’s Why YouTube video by Maxinomics

Welcome to the story of the Silicon Shield.

Fascinating video on how Taiwan turned its biggest geographical weaknesses into a global monopoly that no one else has been able to copy. On an island with earthquakes, no freshwater and a hostile superpower 100 miles away?

youtu.be/UWBrzzd1_yg?...

There oughta be a law...

10 Tuesday AM Reads - The Big Picture My Tuesday morning train reads: • Three Reasons the Stock Market Can Endure the War: Stocks haven’t fallen as much as you might expect given the Iran war. There are good reasons for that. (Wall Street...

My faves:

-Anthropic's Claude Popularity With Paying Consumers Is Skyrocketing
-Wall Street Bonus Comp Drives NYC High-End Housing
-Should Mom Have Private Equity in Her 401K?
-Craigslist Made Me Rich. Giving the Money Away Is Easy.
-USA Downs Cheap Drones With Million-Dollar Missiles!

The Hateful Eight is 85% of S&P 500 Decline
(via @paulkedrosky.com )

paulkedrosky.com/chart-of-the...

Does Boaz Weinstein have Edinburgh Worldwide in a corner? Watch this SpaceX

Saba’s current alternative tender proposal to EWIT shareholders involves the value of SpaceX being capped at last December’s valuation of $800bn, rather than the expected value of $1.75tn being placed on its coming IPO.

www.ft.com/content/e18e...

On your iPhone:

1. Open Settings
2. Go to General → Keyboard.
3. Turn Auto-Correction off

Game changer!

Delta Air Lines Says It Will Suspend Special Services for Congress Members

3 cheers for Delta!

www.nytimes.com/2026/03/24/b...

Tweet by John Palmer @johnpalmer: This is incredibly annoying. Getting several of these per day from Coinbase. I don't understand pushing this on users who trust coinbase to hold their stablecoin and crypto balances. This is essentially encouraging me to gamble. What does that say about the internal philosophy around money management? Can I trust the yield sources on USDC interest, can I trust internal risk management, etc. I really just don't get it, I love Coinbase and hold the stock too but this just feels like there are no consistent brand values underlying the strategy.

some Coinbase customers are horrified that the Coinbase app is encouraging them to gamble

they're so close

Fun to see how the erroneous predictions line up with how the crypto super PACs were spending.

I've spoken before about how Polymarket — despite its PR claims about being more accurate than polls — is often a better signal of what crypto holders WANT to have happen.

The S&P 500 has been down 4 weeks in a row, and six of the last 12 weeks.

As of Friday, we were off ~6.8% from recent highs, with the Nasdaq off ~8.2%.

This looks less a case of TACO, and more of a case of an oversold market wildly overdue for a bounce...

Literally is a full chapter in "How Not to Invest" !

10 Weekend Reads - The Big Picture The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Inside OpenAI’s Race to Catch Up to Claude Code: OpenAI is scra...

10 Weekend Reads

-Inside OpenAI’s Race to Catch Up to Claude Code
-Why Tech Giants Are Ditching the Power Grid
-The Tesla Influencers Leaving the ‘Cult’
-What the war has done to Iranians
-Agents Over Bubbles
-There are no psychopaths

ritholtz.com/2026/03/10-w...

10 Friday AM Reads - The Big Picture My first day of Spring (yay!) reads: • Finance Bros to Tech Bros: Don’t Mess With My Bloomberg Terminal: Professional investors spend more time with the computer system than they do with their spouses...

10 Friday AM Reads

-Finance Bros to Tech Bros: Don't Mess With My Bloomberg Terminal
-Bond Traders No Longer Price In Any Chance of Fed Cut in 2026
-Demand destruction has begun
-Cuba Is Going Dark
-How Did Flea Make a Jazz Album? Practice, Practice, Practice

ritholtz.com/2026/03/10-f...

We are in the midst of a hot war in Middle East, Oil prices kiss $120, cooling (pre-war) labor market, + the odds of a recession ticking up from modest levels.

And despite all of this geopolitical economic chaos, Silver and Gold are both crashing.

Capital flow reversals? Speculative unwind

(Still waiting for Epsteinfiles.Gov")

Government Registers Aliens.Gov Domain There is no associated website yet, but the move comes after Trump ordered the release of files related to UFOs.

Today, in silly distractions from War, rising oil prices, falling GDP, Epstein, ICE activities, etc.

Government Registers "Aliens.Gov" Domain www.404media.co/government-r...

10 Wednesday AM Reads - The Big Picture My mid-week morning train Malvern reads: • The stock market looks wild under the surface: The S&P 500 appears relatively calm on the surface this year, but dig a little deeper and you’ll find some wil...

10 Wednesday AM Reads

-The Stock Market Looks Wild Under the Surface
-The Biggest Active Stock Funds Picked the Right Stocks. They Still Lagged
-Who Ate All the Chinese Stock Market Returns?
-America’s Diminished Place in the World
-Is MAGA in Its Cringe Era?

ritholtz.com/2026/03/10-w...

Ill-Liquidity Premium - The Big Picture Source: Cambridge Associates/JPM assisted by Claude     There’s an excess of news flow from the SCOTUS rejection of IEEPA tariffs to the current Middle East/Iran war. I suspect some important items ar...

I remain unconvinced that the MEDIAN alternative fund is worth the fees, illiquidity, and complexity.

Unless you can get into a top-decile (maybe even top-quartile) fund, it is simply not worth the headaches.

ritholtz.com/2026/03/ill-...