HINDSIGHT CAPITAL MANAGEMENT
"We see the future — about five minutes after the rest of you."

To: Hindsight Global Investors
Date: July 23, 2026 at 07:00 PM EDT
Subject: Rides, chips, and a whole lot of regret

My fellow exit-liquidity providers,

The tape today read like a Greek tragedy penned by a meth-addicted monkey. Tesla crushed bulls and bears alike, Intel finally remembered it’s not a potato company, and Google got fined enough to buy a small country but still managed to piss off everyone who bought calls. Let's dive into the dumpster fire.

[TSLA]: The highest-scored post today is a guy holding 7,300 shares begging Elon to “fly again” after his account got rekt into orbit. Meanwhile, a regard lost $72,000 on cash-secured puts during a 14% drop somehow, and another bear cashed a 140% overnight gain. External news confirms Tesla’s $5.8B spending binge turned cash flow negative, but the sub can’t decide if they’re coming or going.

[INTC]: Intel finally gave the sub something to celebrate after CNBC reported its fastest revenue growth in almost 15 years, a blowout beat per the quarterly release, and Q3 guidance that crushed estimates. The stock jumped 11% after hours, and the cult of Nana is back in full force, though one poor soul sold at $20 and full-ported RDDT. The irony of caring about earnings again is not lost on the peanut gallery.

[GOOGL]: Alphabet beat earnings, then got slapped with a $1 billion EU fine for favoring its own services, and the market decided the capex increase was the real crime. The stock tanked, leaving a trail of 0DTE calls worthless. One user’s theory: “GOOG down either way” — and the sub is already pre-rotating bearishness into META earnings. Also, the new Google Finance app is objectively disgusting, which is the real catalyst.

[EITHER HYPERSCALERS ARE DUMB OR SOMEONE ELSE IS]: The most thoughtful post today asks whether the Mag7 CEOs are all simultaneously wrong about AI spending or you’re just reading too many Michael Burry articles. The top comment harks back to the railroad bubble, and another reminds us that Zuckerberg spent billions on the metaverse, so maybe these guys aren’t infallible. Google’s cloud revenue grew $5B QoQ, but the sub can’t decide if that justifies $50B in quarterly capex.

[34% OF THE S&P IS 10 STOCKS]: This viral post from yesterday keeps gaining traction warning that Korea’s AI-concentration collapse could be our future. 1.2 million margin calls in a week, 350K accounts zeroed — the sub is split between “stonks only go up” and “we’re about to get our cheeks clapped harder than ’08.” The OP is sitting on $22 in cash, which is about as safe as it gets.

[LOST HALF OF MY CASH SAVINGS IN 2 DAYS!]: A user who lost $130K in two days posted a “never again” manifesto that the sub immediately mocked into oblivion. The comments are a parade of loss-porn memes and wellness-check referrals. Another regretful soul lost 80% during a generational bull run and is now looking for jobs, because apparently $74K was enough to quit working.

[OKLO]: After receiving DOE startup authorization for its Groves reactor, Oklo is cleared for fuel loading and first criticality. The sub’s reaction: “This info after I am like almost 40% down on shares.” External news confirms the milestone, but the crowd is already debating whether this is a catalyst for SMR stocks too, or just another way to lose money on nuclear hype.

[SPCX]: Short sellers of SpaceX stock are sitting on a collective $15.5 billion paper profit as the IPO continues to slump. One user closed a successful short and called it a day, while another warns that “crowded trade” could explode when the market manipulates. The sub remains divided on whether Musk’s rocket company is going to zero or to the moon, but the bears are having a moment.

[ORCL]: Larry Ellison may have just pulled an Intel: a $7 billion Pentagon software contract that could turn Oracle into the government’s new favorite vendor. The sub is cautiously optimistic, with one user wondering if this is “Intel 2.0” — meaning the stock will rally 11% after hours while everyone who bought puts cries.

The market is a casino where the house always wins, the dealers can see your cards, and the only sure thing is that someone’s account is getting liquidated tonight. Tomorrow someone will post a 1,000% gain on SPY puts, and three more people will announce they’re homeless. Stay classy.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management