very middling return. i wanted something a teensy bit closer to Sherwood
06.03.2026 21:22
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very middling return. i wanted something a teensy bit closer to Sherwood
JPM: Supply disruptions in the Gulf are accelerating faster than expected as storage constraints begin to force upstream shut‑ins across the region. Seven days into the conflict, we estimate about 2.5 mbd of shut‑ins...Another wave of cuts looks imminent as producers approach storage tops.
Does this end with Masayoshi Son buying data centers from Mark Zuckerberg or Mark Zuckerberg buying OpenAI stock from Masayoshi Son?
it’s going to have downstream upstream impacts, you mean?
I am going very smooth brain here: everyone not spending as much as they dreamed of spending is ungood for intensity of this dominant trend
Like, I’m here for Oracle-specific positive narratives and all that, but just saying it kinda feels like a little like this for AI upstream
We were shooting the hell out of software first and asking questions later based on <potential> AI disruption down the road.
Per BBG, we’re <now seeing> the fringiest publicly traded major AI spender and the buzziest private AI company effectively hit something resembling a capex constraint.
On the one hand I don’t understand what the LA Kings are doing OTOH only a third for Laughton is robbery how did no one else who’s a real contended do that
First big sign that the financing demands of the AI boom are starting to constrain investment ambitions:
Oracle drops after report that the cloud giant and OpenAI scrapped plans to expand a data center site in Texas
sherwood.news/markets/orac... $ORCL $AMD $NVDA
of trying to get above yesterday’s low
Oil finally down a little during this test....
i’m with ya. kinda feel like WTI at 100 = SPX at 200d or WTI to <75 = SPX to 50d
re: LRT, i suppose the silver lining if you’re looking for one is that NDX has managed to both break above/hold tests of yesterday’s low
we are not closing here...
$SPX has tried 4 times to recapture yesterday's low
The bear scenario is that it’s the lack of black [redacted] ink on the Epstein Files that governs Trump’s action right now, rather than the stock market, the price of gasoline, or the midterms
S&P 500 down >2% over the last quarter (13 weeks) with 12M forward earnings estimates up >5%.
Last time that happened was April 2018 (post Volmageddon)
It’s early days, but:
Traders are treating Iran as a much shorter oil market disruption than Russia. And not exactly a more intense one either.
sherwood.news/markets/qata...
*WALLER: THIS IS WHY WE NEVER LOOK AT ENERGY PRICES
US gas prices rise to highest level of Trump’s time in office
sherwood.news/markets/gas-...
SACRE BLEU
$MRVL CEO:
-Overall revenue in fiscal 2028 to grow close to 40% YoY, reaching approximately $15B (+$2B vs Dec guidance) driving non-GAAP EPS to well over $5
sherwood.news/markets/marv...
$MRVL says full-year sales will be “approaching $11B,” previous guidance in Dec was for “approximately $10B”
once i no longer live in a one bedroom apartment i plan to learn more of their greatness
(so, never probably)
*COSTCO 2Q US/CN MEMBERSHIP RENEWAL RATE 92.1%
Are SaaS companies gonna be envious of that recurring rate soon? ;)
Sell spot buy futures #flattenthecurve #ittakesUSTreasurytocontango
mad respect. squad goals.
wut
Alt hed: War, what is it good for? (Rotation)
War is not kind. It is mean (reversion)
sherwood.news/markets/the-... (feat. @peark.es )
