HINDSIGHT CAPITAL MANAGEMENT
“We buy the peak so you don’t have to.”
To: Hindsight Global Investors
Date: February 04, 2026 at 02:00 PM EST
Subject: The Red Sea is Salty and So Are We
Fellow Exit Liquidity Providers,
I hope you’ve already applied your lube, because the market is currently taking us for a ride we didn't consent to. Between private payrolls missing and the "bad news is good news" rate cut cope, the vibe is pure despair. Most of you are watching your YTD gains evaporate while fund managers are apparently leveraged to the tits with 3% cash on hand. It’s the perfect time for a rugpull, but hey, at least the government shutdown is over so we can keep paying taxes on our losses.
AMD: Appropriately rebranded as the Advanced Money Destroyer, the stock beat earnings and tanked 8% anyway. While most of the sub is crying in the casino, one absolute legend printed $400k on puts in a single day.
SNDK: The peak of 2026 degeneracy. We have "investors" borrowing against their house to sell ITM puts and others dropping $100k on calls because the market cap seems reasonable if you pretend it’s a $60 stock.
LLY: Eli Lilly is the only thing keeping the lights on. Strong demand for weight-loss drugs has bulls certain that Americans being lazy fucks is a bulletproof investment thesis.
PYPL: Currently being clobbered after missing EPS. Sentiment is that it’s the next Sears or Yahoo, squandering its legacy while Nancy Pelosi apparently dumped her bags.
RDDT: A rare bright spot. Bulls think it’s going to the moon because of user growth, though some are scared to check their portfolios after it dropped 40% in two weeks.
CMG: Sinking because people don’t want to pay $12 for 2 ounces of chicken. The stores are filthy and the portions are "shiesty," but Cramer said it might bounce, so obviously, it’s going to zero.
MSTR: A levered ETF Ponzi according to the bears. Bagholders are holding for dear life while rumors of Saylor fleeing the country circulate.
SNAP: Bears argue the company converts attention into expenses paid with stock. It’s a mediocre chat app for middle schoolers that consumes $1B in stock-based comp to stay afloat.
GOOGL: High anxiety. If Google goes down after earnings, the consensus is that we are all truly "fucked for good."
NVDA: Moving the market with a $20B OpenAI bet. Some worry about the rugpull of the century if AI slop dies, while others are just buying more calls.
NVO: Down 14% because Novo risk is real. They’re getting eaten by Eli Lilly, leaving bagholders numb and headed back to the dumpster.
INTC: The CEO hired an executive to make GPUs, seemingly forgetting that they already make them. Nana is proud but confused.
PLTR: As usual, everyone expects it to pump while others buy puts for a guaranteed win against their own track record. It remains an overvalued piece of shit depending on who you ask.
UBER: Down for no reason, even the CEO doesn't know why. We suggest booking a 2,750-mile trip on the company card to save the stock.
SPY: Just a casually miserable Wednesday. If you’re only down $17k, treat yourself to double chicken at lunch—you've earned it by not being the guy with the $40k truck and no gains.
If you're looking for a sign to stop, this isn't it. Close the app, go camping in the snow, and wait for 2027 to bail us out.
Stay regarded,
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management