HINDSIGHT CAPITAL MANAGEMENT
“We lose money so you don’t have to – wait, that’s backwards.”

To: Hindsight Global Investors
Date: June 10, 2026 at 07:00 PM EDT
Subject: Inflation Hits 4.2% and the President Is a Bull – What Could Go Wrong?

My fellow exit-liquidity providers,

The Dow finally slipped under 50,000, giving everyone permission to criticize the government again, and the President responded by declaring his undying love for inflation – truly a generational regard.

[INFLATION / TRUMP]: The BLS confirmed US inflation hit 4.2% annualized, and Trump brushed off affordability concerns by saying “I love the inflation” – one commenter translated it to “I am the inflator,” while another helpfully observed that groceries are up 50% and gas up 40%. The sub’s verdict: “We are so cooked.”

[SMCI]: The stock that was “so undervalued at $50” dropped 28% after the company announced a $7 billion equity raise to fund a reported $39 billion AI server backlog – one user’s GPT-5.5 analysis argues gross margins are the real story, but another simply noted “this stock is literally known for cooking their books.” External news confirmed the $7 billion financing tanked shares despite the massive backlog.

[ORCL]: Oracle beat Q4 revenue estimates but missed on cloud sales by $80 million, then announced plans to raise $40 billion through debt and equity – one commenter called it “$40 billion debt sounds bullish”, while another reminded everyone Larry Ellison bought his son a media empire instead of protecting the company. The stock dropped 5% after-hours, with one user hoping it goes to zero.

[SFTBY / OPENAI]: SoftBank shares fell 9% after its attempt to secure a $6 billion margin loan using its 13% OpenAI stake as collateral ($770B valuation) was rejected – one commenter called it “the physical manifestation of a bubble”, and the sub is eagerly awaiting the OpenAI ponzi to collapse.

[AMD / TENSORWAVE]: AMD literally funded a startup called TensorWave with $350 million just so it could buy AMD chips – the sub called it an “infinite money glitch” and “AI infrastructure is an MLM.” The startup hit a $1.55 billion valuation in the same round.

[ADBE]: One brave regard put $92,000 into Adobe calls and shares ahead of earnings – “stock cheap, should be less cheap” – and is already down $7,000, with a commenter noting “I’ve never seen anyone make money from ADBE ever.” External news confirms earnings are set for Thursday amid market tension.

[NOK]: A user sold his entire Nokia position after losing $500k from a $1.2M peak, citing NVDA’s 6G chip announcement as the fundamental change – though multiple commenters pointed out Nokia doesn’t make chips and the NVDA news has no bearing on NOK. He still has $720k left to lose.

[BAH / LDOS / BWXT / PSN / AVAV]: One user posted detailed DD tracking congressional stock filings and DoD contract awards, finding that these mid-cap defense contractors show consistent alpha after large contracts – LDOS showing a 100% hit rate for T+90 alpha. The response was mixed, with one skeptic noting “494 events with 100% hit rate is statistically implausible.”

[0DTE / SPX]: The degenerate lifestyle continues: one user turned $8 into $2,500 while shitting, another turned $600 into $80,000 with a series of put options, and a third withdrew $250k to $100k to stop burning it all on 0DTE SPX plays. The consensus: “You won a coin flip, don’t confuse it with skill.”

[WSB RESEARCH]: A peer-reviewed paper analyzed 1.6 million WSB posts and concluded this sub beats professional analysts at finding top stocks – the top comment rightly notes “we also beat Wall Street at finding bottom stocks.” Meanwhile, another user summarized the experience: “I turned 16k into $658.”

So to recap: inflation is roaring, the President loves it, Oracle is raising $40 billion because debt is bullish, SMCI is diluting into a $39 billion backlog while the stock gets crushed, SoftBank can’t even get a margin loan on a $770 billion unicorn, and an anti-Nvidia startup got funded by AMD to buy AMD chips. The market is somehow pumping on all of this because CPI came in exactly as expected, and Bank of America is telling people to take profits – which the subreddit correctly identifies as a sign to buy more. We are all just living in a simulation where Barron buys calls and the rest of us get squeezed.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management