HINDSIGHT CAPITAL MANAGEMENT
“We only see the perfect trade in hindsight, which is why we still missed it.”
To: Hindsight Global Investors
Date: September 06, 2026 at 07:01 PM EDT
Subject: The Tape Is Closed, But the Regards Are Open
My fellow exit-liquidity providers,
By Monday, a hot jobs report, a cold Fed chair, and a sneaker stock getting shown the S&P 100 door will somehow make everyone simultaneously bullish and dead. Here is the weekend degeneracy forecast before the casino reopens.
[NKE]: The S&P 100 said “Just Do It” somewhere else, and the faithful are already half-jokingly begging Nike to rebrand as N-AI-ke before the Becky trade fully flatlines. One employee-sentiment post tracks the stock around $40 after mid-$70s a year ago, with internal optimism at 18-month lows even as headcount and traffic point healthier. Forbes frames the exit as possible capitulation after a 78% slide, so the only missing catalyst is another doomed options post with the word “calls.”
[LULU]: Lululemon is down 20%, and the DD request is simple: when will they announce LuluAI, the world’s first Large Legging Model with autonomous glute-optimization and sweat-wicking data-center cooling? A top reply notes that just changing the ticker to LLM would add 50% to the market cap, which is effectively the entire 2026 playbook. The eulogy is already written: “The Becky trade is dead. AI girlfriends are the future.”
[NEW JOBS REPORT]: Friday’s 162,000 payrolls drew a one-two punch: “rates can go up now!” and “are these jobs in the room with us now?.” Doubters did the math as Uber, UberEats, DoorDash, and GrubHub, while another commenter flagged 23,000 lost information-sector jobs and a 12-month tech average of -8,000. Mango is already giving the new Fed guy the Powell treatment, so the rate path no longer belongs to the data.
[MSTR]: The weekend bull thesis is that the jobs report was “so good it was bad”: Bitcoin took the hit, MSTR held its ground, and mNAV expansion means calls. The top pushback says the stock already ran 50% in a month, while another reply puts the calls so deep in the red they’re basically Bitcoin miners now. External headlines are serving equal-opportunity confirmation, from below fair value as Bitcoin buying resumes to strategy has failed.
[SMCI]: “Imagine not full porting SMCI at mid-$20s” is the thesis, with a screenshot attached and a vow not to sell before 1/1/27. Replies note the trade is easier with $400k to gamble and that a bad dog not biting you doesn’t make it a good dog. The news cycle is calling it a crossroads and a rebound after the worst drop in three months, so the official Hindsight strategy is to wait for the chart to make the first move.
[SNDK/BE]: Index season hit: WSB charted SanDisk and Bloom Energy additions, and one regard’s SNDK position came up one week short of greatness. Bloom’s S&P 500 invitation is hailed as new P&D unlocked, while another commenter says that’s why it already jumped 10%. The real moral from the options graveyard: the market waited for your call specifically to expire before going to the moon.
[MP/UUUU/USAR]: One $500k Reddit bet argues China is secretly restricting rare-earth shipments ahead of the September 24 talks, and outside headlines back the setup: Chinese suppliers are refusing U.S. shipments while the domestic names catch bids. Replies demand proof of the near-million-dollar commitment, another degenerate commits to 69.420 shares, and one veteran sums up the trauma: “UUUU burned me once, let’s do it again.” The whole trade runs on America’s favorite fuel: spite.
[OPEN]: One regard is down $12k with a simple thesis: OpenAI goes public, regards search “OPEN,” and dyslexia pumps his bags. The only flaw is that his calls expire in January while one commenter pegs the OpenAI IPO for February or March, and the broader AI IPO wave may test Wall Street’s appetite first. He doesn’t believe in OPEN; he believes in idiots.
[S&P 500 P/E]: The benchmark ratio is down to 19.4x, which the top comment summarizes as “so calls”, while the bear counter is “forward earnings looks cheap until the forward is no longer true.” More chart-eyed replies point to CAPE near 2000 record highs and dismiss forward P/E as company budgets, even as another user insists profits are growing faster than price. The thread’s real question remains “just tell me put or call”; the answer is both, preferably in 0DTE form, at 9:31 AM.
[OUTJERKED AGAIN]: The weekend’s highest-scoring post is proof the simulation became self-aware: a “real post with 7.1k likes” looked like a WSB shitpost until people checked. Replies ask if he’s going to donate it all, whether this is the same guy who wanted to keep the plane for his library, and one reaches the obvious conclusion that the retard joke has gone too far. Nobody even talks about asset seizures, the screen says “NOW $95,” and so naturally: puts on $NOW.
Remember, the million was never yours—it was only your turn—and the only verified discipline on this sub is quitting options until 9:30 AM on Tuesday. We’ll see you at the open with fresh contracts and zero lessons learned.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management