tylermacro10's profile picture. Global macro (PM & Research) 20yrs: in Paris now.

tylermcclellan

@tylermacro10

Global macro (PM & Research) 20yrs: in Paris now.

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Cardinality vs ordinality of knowledge Probably my single best original idea

I know I know more about fixed income rv trading than you (for example) I know Jensen Huang knows more about AI than I do I do not know whether I know more or less than Michael Saylor about crypto



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Big update to our US Tariffs Paper: 📦 Pass-through ≈20% (using applied tariff rates, accounting for exemptions) 💸 “Cheapflation”: cheaper goods within categories saw 2× higher inflation 📈 Cumulative CPI impact: +0.7 percentage points More details pricinglab.org/files/Tracking…

albertocavallo's tweet image. Big update to our US Tariffs Paper:

📦 Pass-through ≈20% (using applied tariff rates, accounting for exemptions)
💸 “Cheapflation”: cheaper goods within categories saw 2× higher inflation
📈 Cumulative CPI impact: +0.7 percentage points

More details pricinglab.org/files/Tracking…

This is great in so far as it’s what everyone believes These were massive companies before they went on to 10x & btw meta is already saying AI is helping them get more people to spend time on their cultural offerings


Erewhon is the only restaurant that makes money *because it’s a salad bar

Also, why do people go to restaurants when high quality prepared food is widely available in supermarkets?



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Press release economy is over

$MSFT $NVDA - MICROSOFT, NVIDIA AND ANTHROPIC ANNOUNCE STRATEGIC PARTNERSHIPS



Haha

Nvidia and Microsoft are committing to invest in Anthropic’s next fundraising round - Source. $MSFT $NVDA



Quite literally #thepressreleaseeconomy

Gemini 3 models from @Google @GoogleDeepMind have made a significant 2X SOTA jump on ARC-AGI-2 (Semi-Private Eval) Gemini 3 Pro: 31.11%, $0.81/task Gemini 3 Deep Think (Preview): 45.14%, $77.16/task

arcprize's tweet image. Gemini 3 models from @Google @GoogleDeepMind have made a significant 2X SOTA jump on ARC-AGI-2 (Semi-Private Eval)

Gemini 3 Pro:
31.11%, $0.81/task

Gemini 3 Deep Think (Preview):
45.14%, $77.16/task


Theyre buying…

Buying the $BTC dip over the past week. We’ve got pictures! Did you buy at $92K this AM? Our Bitcoin Arbitrage Algorithm on @Gemini did.

tryarchpublic's tweet image. Buying the $BTC dip over the past week. We’ve got pictures! 

Did you buy at $92K this AM? Our Bitcoin Arbitrage Algorithm on @Gemini did.
tryarchpublic's tweet image. Buying the $BTC dip over the past week. We’ve got pictures! 

Did you buy at $92K this AM? Our Bitcoin Arbitrage Algorithm on @Gemini did.
tryarchpublic's tweet image. Buying the $BTC dip over the past week. We’ve got pictures! 

Did you buy at $92K this AM? Our Bitcoin Arbitrage Algorithm on @Gemini did.
tryarchpublic's tweet image. Buying the $BTC dip over the past week. We’ve got pictures! 

Did you buy at $92K this AM? Our Bitcoin Arbitrage Algorithm on @Gemini did.


Cant make this stuff up Gotta keep the hamsters on the wheel (us)

Microsoft, $MSFT, Nvidia, $NVDA, and Anthropic announce partnership. Anthropic has agreed to buy $30 billion worth of Azure compute capacity, with the option to secure up to 1 gigawatt of additional compute power. As part of the expanded partnership, NVIDIA and Microsoft plan…



Not possible because #nobodyknowswhatthesecompaniesdo

It'd be nice to see just one non-tech company give a NVDA-like repricing to earnings expectations from AI



Here come the press releases

The rate reduction in price per unit of intelligence has been thing I've most consistently underestimated the past couple of years. 300x in a year is nuts!



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In de eerste anderhalve maand van het nieuwe gasjaar werd via Gate en Eemshaven LNG al 3,5 miljard m3 LNG geïmporteerd. Dat is gemiddeld 860 m3 aardgas per seconde. #grafiekvandedag

BM_Visser's tweet image. In de eerste anderhalve maand van het nieuwe gasjaar werd via Gate en Eemshaven LNG al 3,5 miljard m3 LNG geïmporteerd. 
Dat is gemiddeld 860 m3 aardgas per seconde.
#grafiekvandedag

Theyre almost always max long

Funny how some folks (apart from the perma bears) now claim they’ve been bearish for weeks when there’s absolutely no public trace of it 😂



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Because crytpo is fraudulent, it has some fascinating and under-explored statistical properties. For example—because there is no drift and high volatility If you $ cost average, you have a good chance of being down life to date EVEN IF you 1st bought a long time ago much lower


I have said for years I don’t believe anyone will make money in crytpo VC because it is not the type of thing you can have knowledge about “But Tyler, thats precisely how we DO make money, we buy at a discount and dump” Exactly as I said


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Far yen forwards are a great trade They’re eventually going above Iykyk

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tylermcclellan 已轉發

Far yen forwards, My 2nd favorite macro trade of the last 5yrs


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6/ Residential supply hit its lowest level since Dec 2002, with unsold inventories remaining at ~22 months of demand, far from the ~13-month norm.

PkZweifel's tweet image. 6/
Residential supply hit its lowest level since Dec 2002, with unsold inventories remaining at ~22 months of demand, far from the ~13-month norm.

tylermcclellan 已轉發

Lignes directrices : Bilan encourageant sur la mise en œuvre des mesures 1 à 6 relatives à la phase de pré-souscription du contrat. La CRE salue l’ampleur des actions menées par les fournisseurs, avec des bénéfices concrets pour les consommateurs. 3/3 cre.fr/actualites/tou…


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