✨ 10 May 2022 | Value Investing Substack NEWS
NFLX: House of Cards or Queen's Gambit at 17x PE? - INDUSTRY PRIMERS: Streaming & Cable, US Housing, Wind & Solar RE - MARKET PRIMERS: Fed x Bond Market x Stock Market, Elon Musk x Twitter - ELECTIONS
HIGHLIGHTS
Click the link below to read my latest article about Netflix!
Much Ado About Netflix - House of Cards, or Queen's Gambit at 17x PE?
A guide to the next battle in the streaming-TV wars (Streaming)
SUBSTACKS + LONG-READS + TWITTER
INDUSTRY & MARKET Primers:
Wind Power’s ‘Colossal Market Failure’ Threatens Climate Fight (Wind RE)
Why Google Fiber Is High-Speed Internet’s Most Successful Failure (Cable)
Housing: The Economy's Achilles Heel? (US Housing)
The Fed & the Bond Market | Verdad (Bond Market)
Hedgeye Investment Summit: Michael Green, PM of Simplify Asset Management (Stock Market - Spotify)
TL;DR: There's a structured note which levers the 2-10 spread which is requiring investors to hedge their exposure, effectively putting a floor on interest rate spreads. This is distorting rate hike expectations at the front-end (i.e. 3m and 1y Treasuries), for people who don't attempt to understand liquidity flows in markets everyday.
LINKS
Stock Markets:
Elon Musk:
Musk Holds All The Cards: We See a Significant Risk That The Twitter Deal Gets Repriced Lower
Elon Musk’s Fixer Is Quietly Tending the World’s Biggest Fortune
USA + Malaysia:
Ford is selling 8 million shares of once high-flying EV maker Rivian, sources say
Serba Dinamik plunges as much as 65.71% to new record low of 12 sen on resuming trading (Malaysia)
Livery of new ultra low-cost carrier spotted at KLIA (Malaysia)
Macro
ASEAN:
BNM to hike rates next quarter — poll (Malaysia)
China:
Ex-security chief John Lee confirmed as Hong Kong's next leader
Hundreds of MacBook Pro workers break through COVID barriers, battle guards
Eurozone:
Rest of World:
News & Other:
Buffett's advice for beating inflation: 'Be exceptionally good at something'
Cover Story: Female investors on the rise (Malaysia)