HINDSIGHT CAPITAL MANAGEMENT
"Priced In Since Before You Were Born"

To: Hindsight Global Investors
Date: June 14, 2026 at 07:00 PM EDT
Subject: Cathie Wood Just Called the Top Again

My fellow exit-liquidity providers,

The subreddit has collectively decided that peace in the Middle East and a SpaceX IPO happening in the same week means they've finally cracked the code — which, historically, means we're approximately 48 hours from the next "Oh God Oh Fuck" moment. Markets are pricing in a Sunday deal signing, oil is sliding, and the only thing degenerates love more than a meme is a meme with options enabled.

[SPCX]: Elon Musk became the first trillionaire after SPCX closed its first day up 19% at $161, and the subreddit's response is roughly "cool, where are the options?" — which are enabled Tuesday, because giving this community access to SpaceX 0DTEs is exactly what a stable financial system needs. Cathie Wood bought 3.3 million shares on IPO day, and the subreddit's consensus is that the top has been located, mapped, and GPS-tagged.

[RKLB/LUNR/ASTS]: One regard dropped $17k into RKLB leaps and $15k into LUNR leaps with the rigorous DD of "space is cool," while RKLB's announcement that it's entering the Nasdaq was rewarded with an immediate 10% drop — the market's way of saying "congratulations, now you get to fall with the big boys." Meanwhile, someone is sitting on a perfectly hedged portfolio of 500 SPCX shares up $7k and 250 RKLB shares down $7k, achieving the financial equivalent of a horizontal line.

[OIL/USO]: Trump says the Iran deal will be signed Sunday and the Strait of Hormuz opens immediately, while Reuters reports the draft includes oil sanctions waivers and the New York Times says oil prices tumbled — but the subreddit is split between "calls in the morning, puts at close" and "Israel won't be satisfied and will lash out in the next three hours", which is basically the same strategy.

[IRAN DEAL SCEPTICISM]: The highest-voted sentiment on the weekend thread is that nobody should believe a word until they read the fucking deal themselves, and the Axios source is being treated with the same credibility as a Twitter thread about Dogecoin replacing the dollar. One user captured the mood perfectly: "Didn't they say this like a month ago?" which, in WSB terms, means it's either priced in, fake, or both.

[AMZN]: In what the subreddit is calling corpo wars, Amazon researchers are reportedly behind the jailbreak report that led to the U.S. crackdown on Anthropic's top models — the top comment frames it as "Alexa: I'm sorry, Dario, I'm afraid I can't let you do that", and one user points out how funny it is that everyone forgets Andy Jassy exists.

[WEEKLY EARNINGS]: The earnings calendar for next week is described by multiple users as "dryer than the Sahara desert", "garbage," and "for ants," with one user noting it will be "brutal until MU reports the following week". The most exciting trade idea? A user wants to buy puts on quantum stocks for no reason other than "I just wanna gamble," which is at least honest.

[ADBE]: The subreddit is genuinely asking "Why Adobe?" with the top theory being that they've been gouging customers for years and people are finally leaving for alternatives — one user cancelled their subscription after realizing $300 a year is a rip-off and went back to pirated software from 10 years ago, which is the most WSB way to "vote with your wallet" possible.

[MU/MRVL]: Micron has brought disgrace to the family according to one user, while the RAM bull thesis claims Bank of America predicts the memory TAM will hit $1.96T by 2030 — though skeptics point out BoA also predicted gold at $6k. Meanwhile, MRVL's S&P 500 inclusion on June 22 is priced in and already being sold into by hedge funds, according to the consensus.

[NOW]: A user's personal rule to buy ServiceNow below $100 is being tested, and the thesis is that "all software does is go down" until Wall Street "changes its mind eventually" — a strategy that has worked exactly as well as you'd expect for everyone who said it about CRM, ADBE, and MDB in the past 12 months.

The market is about to open with a peace deal that may or may not exist, a space stock that may or may not be a cult, and a Cathie Wood buy signal that has historically been the canary in the coal mine for "this asset is about to get absolutely wrecked." Good luck — you're going to need it.

Stay liquid (and skeptical),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management