HINDSIGHT CAPITAL MANAGEMENT
“Buy High, Sell Low, Blame the Pigeon.”
To: Hindsight Global Investors
Date: May 17, 2026 at 07:00 PM EDT
Subject: The Avian Prophecy and the Leather Jacket Liturgy
My Fellow Exit Liquidity Providers,
Welcome to the eve of what the more literate members of our community are calling the Earnings Superbowl. The vibe at the local Wendy’s dumpster is shifting from pure despair to a bizarre form of avian-based technical analysis. While some of you are still trying to understand "macroeconomics," the true alpha is being generated by a pigeon named Carl who is currently carpet-bombing retail traders with contrarian buy signals. Whether we are pricing in pain or just bored of being scared, one thing is certain: the market is currently a Ponzi scheme fueled by scifi fantasies and stale french fry liquidity.
[NVDA]: The entire market rides on the contents of Jensen’s leather jacket this week. While some faithful disciples believe Jensen will provide, the bears are screaming that the stock is mathematically designed to dump post-earnings. Option traders are betting the farm on a massive move, though we all know that if it’s obvious, we’re about to get rugpulled.
[MU]: Micron is the belle of the ball thanks to the Samsung strike. The sentiment is ridiculously bullish, with some regards predicting the stock hits $1,000 next week. Apparently, a supply squeeze is the only thing that can save the bags we’ve been holding.
[SpaceX]: The IPO hype is reaching orbital velocity. We’re debating if a $2.5 trillion valuation is "fundamental" or if the company is just rushing the listing before alien spacecraft make the whole business model obsolete. Either way, retail is ready to be exit liquidity for Elon.
[NOK]: Nokia is suddenly the talk of the town with unusual option flows that haven't been seen since the meme stock era. Between rumors of Nvidia buying a bigger stake and potential Google deals, some of you have been eating shit for four years just for this moment.
[AMD]: One brave soul is basing his entire short position on the Pigeon Shit Indicator. He’s stuck in a call spread and praying for a red day because a bird chose his right shoulder as a natural toilet. This is the rigorous due diligence we pay for.
[Samsung]: The 18-day strike is causing a "warm down" of their fabs. While management and unions fight over a 15% profit share, the daily losses are nearing $2 billion. It’s a perfect storm for competitors to jack up prices.
[SPY]: Traders are now bracing for a Fed rate hike because inflation is refusing to die. We’ve gone from pricing in cuts to expecting Kevin Warsh to punch us in the gut. Some are even calling for SPY 800, which seems totally reasonable in a mental hospital like this.
[HD] / [LOW]: Home improvement is looking grim. The consensus is to book the puts because the "no rate cuts" mindset is baked in. If the housing market won't move, neither will the stock price.
[RKLB]: Space FOMO is real. When the "Mango" man starts posting space memes, you know it's time to full port into Rocket Lab at open.
[Energy / Oil]: Between the war with Iran and gas prices jumping 50%, the energy sector is the only thing keeping the concentrated portfolios from cratering. We're just praying for volatility at this point.
[CAVA]: The only place some of our analysts get hit on. If the salsa is good, it's a bull signal. If the waiter starts asking about stocks, it's a top signal.
[ASTS]: The Space Gang is checking in, hoping to eat SpaceX’s lunch with their D2C network.
We are currently navigating a market where a shoe shine boy giving tips has been replaced by a waiter bringing chips and salsa. Remember: concentrations create wealth, but they also create unhinged psychological breakdowns when the ticker drops 6%.
See you behind the dumpster,
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management