The Pomp Podcast
00:33:14 · Jordi Visser, Anthony Pompliano
[00:33:14] S3: Well, first thing, it was a very big consolidation in my own personal portfolio. Not in a good way either. So first of all, they weren't buying necessarily a competitor, were buying a different part of the stack. And I, you know, I said it on mine, I don't know if we talked about it last week, but I had a lot of people reach out to me going, what are you doing with your Marvell? And I said, well, this is not a good thing if it ends up happening, Just because I don't think it needs to be done, and I think it creates a lot of... Whenever you get bigger, it it creates potential risk going forward. I think Marvell and Intel, in particular, last week had a huge impact on this next leg down that happened in AI. If you went through the month of October and then into the first week of November, there were... Hedge funds were, you know, one of the things in my podcast this week is... This is a little too old for you, this reference, but... Come on out. Oh, it is. You know, at some point, the age difference has to come in. [00:34:21] S1: I... No. I I was I was shocked that you called your video a podcast. Don't don't put yourself down like that. [00:34:27] S3: You're amazing. It isn't a podcast. [00:34:29] S1: Yeah. You're amazing video analysis from the analyst Jordi Visser. [00:34:34] S3: Do you know who Roberto Duran is? [00:34:36] S1: Like, Duran Duran? [00:34:39] S3: Like I said, you want... Do you know who Roberto... Okay. He he was a boxer. Okay. And he was famous for [00:34:45] S1: And what years? [00:34:46] S3: The eighties. And he was famous think Jordan
00:34:46 · Jordi Visser, Anthony Pompliano
[00:34:46] S3: The eighties. And he was famous think Jordan [00:34:47] S1: was born in 1988. [00:34:49] S3: I said this is where the age difference is gonna show up. Okay? So for those people watching that are more my age, they're like, how can he not know? Well, again [00:34:56] S1: You're you're you're 21. What do you mean? [00:34:59] S3: Alright. Well, Roberto Duran was famous for a lot of different reasons, but one of them was no mas. Mhmm. He basically quit in a fight, he said no mas. Quitter. I think hedge funds reached the no mas moment [00:35:13] S1: with [00:35:14] S3: the Intel Marvell as kind of the, alright, this month sucks, but then when the midterms hit, I mean, I've got rumors of two major hedge fund closures of either the entire firm or the equity business that would be a lot of what's going on today. Regardless of what's true and what... What's not true, because I've learned in my hedge fund days that you just don't know what's going on, I think the no mas thing has hit for the hedge fund world in terms of being able to run risk. And I'll say it again, and I'll say it again, and I'll say it again. When you're running leverage of that magnitude and you had issues with CoreWeave debt, you had issues with French debt, you had issues with Marvell, issues with Intel, issues with Google falling, what... When you start to have these things go on, if you have leverage like situational awareness, which was going through x today that he's in trouble again, and he has to be. There's just no way around it based on what I heard.
00:35:14 · Jordi Visser, Anthony Pompliano
[00:35:14] S3: the Intel Marvell as kind of the, alright, this month sucks, but then when the midterms hit, I mean, I've got rumors of two major hedge fund closures of either the entire firm or the equity business that would be a lot of what's going on today. Regardless of what's true and what... What's not true, because I've learned in my hedge fund days that you just don't know what's going on, I think the no mas thing has hit for the hedge fund world in terms of being able to run risk. And I'll say it again, and I'll say it again, and I'll say it again. When you're running leverage of that magnitude and you had issues with CoreWeave debt, you had issues with French debt, you had issues with Marvell, issues with Intel, issues with Google falling, what... When you start to have these things go on, if you have leverage like situational awareness, which was going through x today that he's in trouble again, and he has to be. There's just no way around it based on what I heard. [00:36:14] S1: I just wrote that down. That's how you think our boy Leopold's doing.
00:36:14 · Anthony Pompliano, Jordi Visser
[00:36:14] S1: I just wrote that down. That's how you think our boy Leopold's doing. [00:36:17] S3: I I have a feeling, everyone who has certainty on a trade... And again, this is... Remember we talked about LTCM, like, a month ago, and I said this is like LTCM. It's still like LTCM, guys. I'm trying to find the bottom of it. I just know I have no chance of finding the bottom of it, but I also don't believe that the AI trade is over. But for people like, let's say, Leopold is in trouble again, the reason he's in trouble is not because fundamentally Micron won't make the numbers they're saying. It's that you may not have the time to be in the trade based on the way the structure of your positions, the debt, the the liquidity, all of the things that happen, how many losses can you take? And when you've got a $100 that have been given to you and you have 300 or $400 of positions and the markets are moving at an incredibly insane pace where you can have your shorts going up. And for people who don't know this, we are one day from. So Wednesday, there was an all time high in equal weight S and P. I don't know if you knew that. So with all of the carnage post midterms, equal weight S and P made an all time high the day after. So that means that a lot of stocks went higher, a lot of AI names went down, and so for people that are in the AI trade and they've been trying to hedge it, there's nowhere to hide.
00:37:38 · Anthony Pompliano
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00:39:50 · Anthony Pompliano
And I don't know if it's because presidential aspirations or whatever, but just like there was a clear divergence there. Now if he somehow does impact a, quote, unquote, truce, a, end to the war, some sort of, like, culmination event where we say, okay. The Iran thing is over. Does oil go back down? What happens to the equity markets? Like, how do you see Bitcoin, gold, other assets responding to that event?