Peter Atwater
@Peter_Atwater
President of Financial Insyghts. "K-Shaped Economy" guy. Adjunct Professor William & Mary. Author of "The Confidence Map." Lover of very bad puns.
What's my upcoming book, "The Confidence Map" about? It's about the unappreciated impact of our feelings of certainty and control on what we do - why confidence is the real "invisible hand" in the markets, in the economy, and in our individual lives. amazon.com/Confidence-Map…
"Strategy and its investors are all in this together: The more money Strategy makes for investors in its weird securities, the more weird securities it can issue to buy Bitcoin, and that is the business it is in."
Readers are welcome to put forward any newsletter proposals that they’d like. bloomberg.com/opinion/newsle…
"and sell private jet" When companies stumble, some headlines just write themselves...
Liberty Global to slash jobs and sell private jet in restructuring on.ft.com/4obs5Uy
CEOs come in three forms: The promoter who speaks only in the future tense and what could be. The realist who speaks only in the present tense and what is. And the victim, who speaks only in the past tense and what was.
There's a sentiment indicator in here somewhere...
"I've created more billionaires on my management team than any CEO in the world. They are doing just fine." - Jensen Huang
LOL - Whether you consider this correlation or causation, it is a heck of a sentiment connection.
Still wondering what "The Confidence Map" is about? @Tal_Gur has just published an extraordinary summary/review of my book. I am truly thankful and deeply humbled. elevatesociety.com/the-confidence…
Markets don't care about tariff risk. Except when tariff risk is reduced slightly, in which case it's a buying opportunity
S&P 500 UP 0.5%, NASDAQ UP 0.35%, DOW UP 0.8%
Stated differently, today, investors prize futuristic abstraction over real-world tangibility. Why invest in Buicks when you can buy autonomous flying cars instead?!!
One reason tariffs haven't affected the stock market more is that they primarily affect the "old economy". GM has $187B in sales but a market cap of just $50B, while Nvidia has $135B in sales and a market cap of $4.1 trillion. GM is much more exposed to tariffs than Nvidia.
There is something truly poetic about investors going all in on a futuristic technology that, by its own admission, aggressively hallucinates.
Just for fun, Kohls should announce it is pivoting to become an AI-driven Bitcoin Treasury company that will enables you to buy tokenized 2026 fashion products on Robinhood that will be promoted in autonomous taxis.
LOL - Because in finance, it isn't something until there's an acronym for it...
