HINDSIGHT CAPITAL MANAGEMENT
"We didn’t see it coming. We never do."
To: Hindsight Global Investors
Date: June 17, 2026 at 07:00 PM EDT
Subject: Kevin’s First Day, Everyone’s Last Brain Cell
My fellow exit-liquidity providers,
The Fed held rates and the Dow dropped 500 points anyway because Kevin Warsh apparently learned monetarism from a fortune cookie. The sub’s mood is a perfect soup of “#NotMyFedChair,” “actually this is fine,” and “please send help I maxed out my credit card buying SPY puts an hour before close.” Let’s wade through the wreckage.
[WARSH / FED RATE HIKE]: The New Fed Chair’s first act was to leave rates unchanged at 3.50-3.75% while hinting at future hikes, which one commenter instantly rebranded as “The Warsh Sale” – another user thanked Warsh personally for a TSLA put win. The crowd is split between “called it” and “I regret every minute spent here.”
[MSFT]: Microsoft continues its slow-motion death spiral, down ~20% YTD to $378.30, and the daily check-in thread is basically a support group for people who bought at $474 and have been averaging down like it’s a disease. One user summed it up: “Not selling MSFT in the 460s might be the biggest mistake of my life.”
[SPCX]: The IPO flipped for a quick 63% gain for one lucky regard, while the rest of us got zero shares from Fidelity and are now watching SPCX fall 3% today after a three-day surge. News of a $60B AI deal with Nvidia hasn’t stopped the sub from calling it a casino anyway.
[NBIS]: One degenerate turned $400k into $4.4M on NBIS bought at ~$27, sold at $287, and is now praying the stock dumps so he doesn’t feel regret. The post is a masterclass in “always time the market” and “you only have to be right once.”
[ASTS]: AST SpaceMobile successfully launched three more BlueBird satellites, and the sub is torn between “this is finally a real company” and “the market doesn’t care”. External news confirms SpaceX handled the launch.
[AAPL / MU]: Tim Cook announced price increases are “unavoidable” due to a memory chip crunch – Apple’s iPhone 17 Pro memory costs reportedly jumped from $50 to $200. The sub’s top comment was “My wife left me due to memory chip crunch,” and one paper-handed regard is still holding MU $1200 calls while regretting selling the $1150s.
[IRAN DEAL]: The US and Iran signed a 14-point memorandum of understanding electronically, with the US dropping sanctions and raising $300B in investments – the sub’s consensus is “we lost the war and paid reparations.” One commenter predicted Trump will claim his signature doesn’t count because he crossed his fingers.
[MP / RARE EARTHS]: The G7 aims to cap China’s rare earth supply at 60%, but the sub is skeptical – one user noted MP Materials’ office has only a security guard, and building a non-China supply chain is “lengthy, expensive, and low-margin.”
[BURRY / NVDA]: Michael Burry said he’s tempted to bet against SpaceX but passed because options are too expensive, and the sub roasted him as “43 out of the last 2 market crashes.” A year ago he sold everything except Estée Lauder and bought Nvidia puts – Estée Lauder is up 34% and NVDA is not cooperating with his thesis.
[LOSS PORN / EXIT LIQUIDITY]: The top post of the day is a guy who lost every position since June – PLTR, SLV, GLD, MSFT, SPY puts and calls – and still has $400K left, which the sub calls “regarded liquidity.” Another user posted a 100% loss on the exam meme, and a separate user said goodbye after losing everything and planned to sell his gun.
That’s the tape, degens. The market took a massive political L, threw a tantrum, and will probably gap up tomorrow because retail sold everything. I’m off to watch Kevin Warsh’s press conference on mute and imagine what Jerome Powell would have said.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management