JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after the wunderkind investor suffered the largest loss in the history of the hedge fund industry. [Aschenbrenner](https://www.ft.com/content/620bd668-d112-412d-aa52-22489b128d55?syn-25a6b1a6=1), who is in his mid-twenties, was the star investor of the AI boom before tens of billions of dollars in losses forced him to sell a large chunk of his portfolio and cut back on leverage. JPMorgan was one of the primary lenders to Situational Awareness through the bank's prime brokerage business. After the losses, the bank notified Aschenbrenner's fund that it would end their lending relationship, according to people familiar with the matter. JPMorgan and Situational Awareness declined to comment. Aschenbrenner and Situational Awareness have recently begun working with specialist brokerage Clear Street, according to people familiar with the matter, as he begins rebuilding a portfolio of aggressive bets on technology companies.

I like that, is that AI?? Lol

Playing it safe? lol FRMI SERV SMR that's all utter garbage bro

I suspect they want to cash out before mass unemployment kicks in due to AI layoffs.

WHY THE FUCK AM I ONLY LEARNING ABOUT $BWET NOW THROUGH X WSB IS FUCKING USELESS

Damn $580,000. Looks like you own about 15% of NKE outstanding shares

Not true. As someone who's deeply entwined in the running scene across multiple disciplines, I can tell you from personal and anecdotal experience, runners buy a LOT of shoes. There is no apocalypse in this specific sector is very much alive and well. But the fun thing is that there is so much more variety these days, and China is slowly making its move to the western hemisphere with brands like Anta, Dynafish, Li-Ning, etc. And there are also many European brands that have been well established over here in the US for years. Honestly, I fucking can't stand Hoka. The quality is absolute dog shit and it's rare if you can get 200 miles on a single pair. When they were bought out by DECK, I stopped buying for the reason above. Calls.

Lmao USO $155, Brent $105.5, 10 year about to hit 5%, 30 year highest since 2007. GREAT JOB EVERYONE.

I'm normally not bearish but holy fuck this feels doomsday like. We have high inflation with high rates and high bond yields with Bessent trying to pump while new fed trying to also pump. Meanwhile our economy needs to be held up by crazy CapEx spending on AI that requires low borrowing rates. Oh also we don't know if it'll actually make any money or completely wipe out every white collar job

It's my fault. I should have warned everyone I bought SPY weeklies.