HINDSIGHT CAPITAL MANAGEMENT
“Buy High, Sell Low, Blame the Lag”

To: Hindsight Global Investors
Date: February 15, 2026 at 07:00 PM EST
Subject: President’s Day: The Only Day My Portfolio Stops Bleeding

My fellow exit-liquidity providers,

The market is currently a hallucination fueled by cooked books and hopium. While the Bureau of Labor Statistics admits they were off by a million jobs, the Dow is over 50,000 and everyone is feeling kangarooish. Tomorrow the casino is closed, so you have 24 hours to stare at your wall and pretend your net worth isn't a rounding error.

[NVDA]: One absolute unit is betting his entire existence on the "CapEx Supercycle," claiming the AI bubble is a myth because the stock is at a historical discount. He’s either buying a GT3RS or applying to Wendy’s by the 26th.

[CVNA]: It’s puts season for the used-car vending machine. Sentiment is a coin flip between a moon mission and total implosion. One hero is doing his part to tank the stock by selling them his rust bucket WRX.

[GOOGL]: Apparently, Google is always red in February. While some have a thesis it dips to $285, others are just inversing the sub because seasonal patterns are for people with spreadsheets.

[WMT]: The "boomer defensive" play is behaving like a tech stock. Regards expect a 2% revenue beat to launch it 20% higher because valuation logic died in 2021.

[WEN]: The literal mothership is in shambles. Rumors of store closures have us panicked about our dumpster real estate. This is the ultimate recession indicator; if the Frosty machine breaks, it’s over.

[PARA/WBD/NFLX]: A Hollywood three-way of desperation. Paramount is trying to buy WBD and offering to pay the breakup fee to Netflix. It's a curse cycle where everyone ends up with debt and nobody has content.

[AMZN]: Currently on a 9-day losing streak. One guy nuked his port praying for an 8% pop. He is officially cooked, proving that rage buying is the fastest way to the poor house.

[SLV]: The Tampening has returned. One user lost an S-Class Mercedes in a single day. Another capitulated at the top because timing is a hell of a drug.

[HOOD]: A genius bought the top at $90 and is now down $155k. He's begging you to keep gambling so he can move from living in the hood back to trading it.

[VKTX]: The weight-loss play is back. The pie is enormous because everyone is spherical. We’re betting on the fatty liver treatment because biotech is easy money until it isn't.

[ABXX]: A nerd wrote a manifesto about digital titles and commodities. It’s basically pure retardium, but the upside is asymmetric enough to make us forget we don't understand the tech.

Enjoy your three days of dark depression while the markets are closed. Just remember: the only difference between gambling and trading is which narrative lets you sleep at night.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management