HINDSIGHT CAPITAL MANAGEMENT
"We monetize the gap between 'this time it's different' and 'it never is.'"

To: Hindsight Global Investors
Date: August 04, 2026 at 07:00 PM EDT
Subject: Daily Degeneracy Report: SpaceX Earnings, Korean Inverse Leverage, and the 0DTE Industrial Complex

My fellow exit-liquidity providers,

The S&P and Dow closed at records while the sub simultaneously minted millionaires and bagholders. Earnings season is now just a nightly coin flip with extra steps.

[SPCX]: SpaceX dropped 7% after its first public earnings showed revenue up 92%, with AI costs soaring. The sub's favorite cash-flow statement shows roughly $31B burned through H1, the DD warns of a 911.5M-share unlock on Aug 6, and RKLB longs are begging to keep RKLB out ya damn mouth. One guy just bought 100 SPCX 200c Aug 7 calls because $42k isn't enough, while the earnings thread insists that dogshit earnings mean obviously calls are the way.

[AMD]: AMD served up revenue climbing 50% and data center sales doubled, then still fell 8% as Elon committed to Nvidia chips for SpaceX. One degenerate turned AMD calls into a 9.5-bagger, while another told his friend to buy AMD calls and now his friend isn't picking up the phone. The survivor's playbook remains: ignore the noise and load up more shares, because it always dumps after ER.

[PLTR]: Palantir jumped 29% and earned a Thank You PLTR post, where the only criticism is that a 20% call gain is very weak.

[SPY / 0DTE]: One regard turned $100 into $42k on SPY 0DTE calls bought for a penny because he couldn't get service during Spiderman. Another claims $2k into $240k+ in five days and has $175k stuck in wire purgatory. The top advice from the gallery is to take profits and buy a fucking house, which will be ignored with the same dedication that built this casino.

[MICHAEL BURRY]: Michael Burry is back betting against the rally and warning of a 1987-type fall, earning the usual isn't this the 25th time he's called the top?. The eternal response remains that he'd have hundreds of millions more if he just VOOed and chilled, and doomtards are already in shambles.

[KOREA / 2X INVERSE ETF]: After Korea's new leveraged ETF deposit rules, retail sold ₩1T of single-stock leverage and scooped up ~₩500bn of 2x inverse ETFs, then watched the local exchange rip its largest single-day gain ever. If WSB became a country, this would be its national anthem.

[MEMORY CRISIS]: The sub is treating Samsung's warning that memory shortages will worsen through 2028 as bullish for memory stonks. The consensus is simultaneously margin expansion absurd and -10% for memory again tomorrow.

[COHR/LITE]: Washington is drafting a ban on Chinese optical transceivers, and the first move from the sub is COHR, LITE & AAOI is flying. The same coverage notes U.S. producers lack the scale to replace Chinese vendors and AWS may get stuck with the bill, but that's future-regard's problem.

[MCD]: McDonald's posted better-than-expected earnings and named a new head of its largest market. The sub distilled the whole thing down to just put the fries in the bag man. The only portfolio construction advice offered is calls on LLY, because the endgame of the $16 combo meal is pharma.

Meanwhile, every week being a minefield that can swing Nasdaq 5% either way is, as one deep thinker noted, the best sign of a healthy financial ecosystem. Our strategy is to sit back, screenshot every gain porn post, and wait for the inevitable part where the guy who was up $240k becomes the cautionary tale.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management