Luke Kawa
@ljkawa.bsky.social
Markets, Twain, Leafs, Survivor
December 23, 2025 at 8:57 PM
First time the four-quarter average for YoY nominal growth has moved up since Q1 2022
December 23, 2025 at 2:39 PM
First time the four-quarter average for YoY nominal growth has moved up since Q1 2022
Would be very fun for The Narrative to see quarterly spending on information processing equipment outstrip residential investment
December 23, 2025 at 2:15 PM
Would be very fun for The Narrative to see quarterly spending on information processing equipment outstrip residential investment
December 22, 2025 at 8:16 PM
Think you can probably make the argument that hyperscalers’ forward P/Es aren’t getting out of hand because of how much their price to free cash flows <have> gotten out of hand
December 22, 2025 at 8:10 PM
Think you can probably make the argument that hyperscalers’ forward P/Es aren’t getting out of hand because of how much their price to free cash flows <have> gotten out of hand
Just one of ye old “quantum companies moon double digits on no news and explosion of call demand” days
$QBTS $RGTI $IONQ $QUBT
$QBTS $RGTI $IONQ $QUBT
December 22, 2025 at 7:59 PM
Just one of ye old “quantum companies moon double digits on no news and explosion of call demand” days
$QBTS $RGTI $IONQ $QUBT
$QBTS $RGTI $IONQ $QUBT
Will just leave this here
December 22, 2025 at 1:11 PM
Will just leave this here
It's always both the same and better than I remember it
December 20, 2025 at 2:44 AM
It's always both the same and better than I remember it
Today is a good day because I will be eating this tonight
December 19, 2025 at 12:07 PM
Today is a good day because I will be eating this tonight
As the old saying goes, “Buy the reefer, sell just before the news”
sherwood.news/markets/trum... via @jedwrdmoreno.bsky.social
sherwood.news/markets/trum... via @jedwrdmoreno.bsky.social
December 18, 2025 at 8:44 PM
As the old saying goes, “Buy the reefer, sell just before the news”
sherwood.news/markets/trum... via @jedwrdmoreno.bsky.social
sherwood.news/markets/trum... via @jedwrdmoreno.bsky.social
December 17, 2025 at 9:24 PM
The S&P 500 stocks that are up 50% over the past year are down 5% on average since Thursday’s close.
December 17, 2025 at 7:21 PM
The S&P 500 stocks that are up 50% over the past year are down 5% on average since Thursday’s close.
AI annihilated since Thursday’s record close for the S&P 500, and it’s not like these names were leading the benchmark index in the run up to that either.
Worst performers since 12/11:
Worst performers since 12/11:
December 17, 2025 at 7:13 PM
AI annihilated since Thursday’s record close for the S&P 500, and it’s not like these names were leading the benchmark index in the run up to that either.
Worst performers since 12/11:
Worst performers since 12/11:
Bitcoin, the unprofitable tech stock sherwood.news/markets/bitc...
December 17, 2025 at 3:36 PM
Bitcoin, the unprofitable tech stock sherwood.news/markets/bitc...
CFOs also do not think that AI will have a meaningful impact on their headcount over the next year.
December 17, 2025 at 12:51 PM
CFOs also do not think that AI will have a meaningful impact on their headcount over the next year.
AI DOWNSTREAMING, MAINSTREAMING?
Duke CFO survey shows a substantial pickup in the number of small businesses who plan to invest in AI over the next 12 months
Duke CFO survey shows a substantial pickup in the number of small businesses who plan to invest in AI over the next 12 months
December 17, 2025 at 12:47 PM
AI DOWNSTREAMING, MAINSTREAMING?
Duke CFO survey shows a substantial pickup in the number of small businesses who plan to invest in AI over the next 12 months
Duke CFO survey shows a substantial pickup in the number of small businesses who plan to invest in AI over the next 12 months
To the haters who cried foul after I said bitcoin is behaving like a leveraged unprofitable tech stock:
The three-month correlation between daily changes in $IBIT (bitcoin ETF) and Goldman Sachs’ non-profitable tech index is at a record high, so
The three-month correlation between daily changes in $IBIT (bitcoin ETF) and Goldman Sachs’ non-profitable tech index is at a record high, so
December 16, 2025 at 9:20 PM
To the haters who cried foul after I said bitcoin is behaving like a leveraged unprofitable tech stock:
The three-month correlation between daily changes in $IBIT (bitcoin ETF) and Goldman Sachs’ non-profitable tech index is at a record high, so
The three-month correlation between daily changes in $IBIT (bitcoin ETF) and Goldman Sachs’ non-profitable tech index is at a record high, so
On a related note: average daily call volumes in $TSLA over past 3M in green, bitcoin price in blue
December 16, 2025 at 9:15 PM
On a related note: average daily call volumes in $TSLA over past 3M in green, bitcoin price in blue
December 16, 2025 at 9:13 PM
Au-tarchy:
Gold has spent nearly 88% of days of the past year closing above its 50-day moving average, the most since 1980
Gold has spent nearly 88% of days of the past year closing above its 50-day moving average, the most since 1980
December 16, 2025 at 6:40 PM
Au-tarchy:
Gold has spent nearly 88% of days of the past year closing above its 50-day moving average, the most since 1980
Gold has spent nearly 88% of days of the past year closing above its 50-day moving average, the most since 1980
The trend does not appear to be your friend sherwood.news/markets/us-u...
December 16, 2025 at 1:54 PM
The trend does not appear to be your friend sherwood.news/markets/us-u...
Shout out to stinkyjim88, who’s getting what he wanted
December 15, 2025 at 5:23 PM
Shout out to stinkyjim88, who’s getting what he wanted