HINDSIGHT CAPITAL MANAGEMENT
"Hindsight is 20/20; your portfolio is 0/20."
To: Hindsight Global Investors
Date: September 16, 2026 at 07:01 PM EDT
Subject: Rate Hike, Crypto Cope, and the Return of Do-Less-With-Less
My fellow exit-liquidity providers,
The Fed hiked, the crypto bill died, and every regard on r/wallstreetbets suddenly remembers they voted for this. The only thing more priced in than the 25bps was the coping. Let’s survey the wreckage before someone blames Warsh for their biotech bag.
[FED/WARSH/RATES]: WSB’s main event is the Fed’s 25bps hike to a 3.75%-4.00% target range, with the top Daily Discussion comment noting the FOMC median still sees one more hike in 2026. The 7,255-score thread is equal parts “This is good and insane!” and “Should have been 50 bps. No balls,” which is how you know nobody actually priced anything. Meanwhile, the actual Fed hiked 25bps for the first time since 2023 and Trump lashed out, so the sub’s political doom loop has fresh fuel.
[CLARITY/CRYPTO/HOOD]: The 7,583-score CLARITY Act post says the Senate cloture vote failed 49–50, with a 2,148-score comment declaring “This bill is dead forever” and a 668-score comment enjoying “Saylor crying right now.” A 564-score regard asks why crypto needs regulation if it’s decentralized, which is the entire asset class in one sentence. External news confirms the procedural defeat dealt a regulatory blow to crypto, while HOOD gets a “CLARITY act claims another bro” post from a guy who bought the pump.
[ANTHROPIC/DXYZ]: The 2,734-score Anthropic post is roasting its “definition of profit,” with top comments at 2,443 and 1,763 joking about 100% gross margins before expenses and eventually surpassing 100%. DXYZ degens are trying to front-run the rumored Anthropic IPO, with one DD claiming NAV of $34.30/share versus a ~$30 stock and a 5% expense ratio that commenters keep bringing up. External news says Anthropic selected Nasdaq and is moving forward with a $2T IPO, so the “cleanest way to front-run” pitch now has a real ticker to disappoint everyone.
[ORCL/HYPERSCALER DEBT]: Oracle’s CFO told an all-hands that “doing more with less” isn’t the answer after layoffs, and the top WSB response—1,639 score—immediately rewrote it as “Do less with less.” A 129-score comment calls Oracle “the first of the big ones to die. Xerox ass company,” while one comment says AI dooming is trendier than economic dooming. External news has Apollo cautioning that cloud debt is getting riskier and Oracle’s CFO addressing layoffs, which is exactly the kind of synergy this sub deserves.
[SK HYNIX/INTC]: SK Hynix is reportedly in talks with Intel about making memory chips in the US, and WSB’s top comment at 125 is already predicting “+3% today and -15% next week.” A 42-score comment says Intel is “finally doing something that makes sense,” while a K-Pop demons joke reminds everyone this is still WSB. External news has SK hynix responding with “no plans have been confirmed,” which is corporate for please keep the pump going.
[OIL/USO]: Oil is trying to become retail’s next meme trade as crude tops $100 on a Hormuz shock, but the WSB thread is just a 15-score post claiming “COVID level gas prices” getting ratio’d by people who remember $1.80/gal. A 37-score comment asks if OP means Ukraine war shock, while external news has USO/UCO in focus and Trump saying oil will drop like a rock after Iran conflict ends. The only thing missing is someone buying 0DTE calls on a gas station receipt.
[KDK/AUR]: A 50,000-share KDK position at $3.90 anchors the autonomous trucking DD, which argues Kodiak’s $750M valuation is absurd versus AUR’s $13B and highlights 35 driverless trucks and 40,000+ paid driverless hours. Commenters are split between “I bought 3 (three)” and one warning that the graph is yikes, with another noting the OP loaded up right before the Fed hike. The DD itself admits shares unlock Sept 24 and dilution is coming, which is the WSB equivalent of a prenup.
[SOUN]: The $531K SOUN “YOLO” is really 13% of a portfolio, which commenters correctly note makes it less a YOLO and more an aggressive rounding error. The bull case is the LivePerson merger bringing 25 Fortune 100 customers and wiping debt, while skeptics ask why anyone pays SoundHound when ChatGPT and open-source LLMs exist. A 45% short ratio is mentioned as squeeze bait, because of course it is.
[TNDM]: A 10-score post puts 886k into TNDM with a thesis that includes “vaccines cause the beetus? Idk maybe,” a tubeless pump FDA approval before EOY, and the fact that the stock has never gained in September. The sole comment—“I see too many fat people, I’m in”—is doing more fundamental analysis than most sell-side reports. This is the kind of trade where the exit liquidity is also the target market.
[DELL]: A 65-score post celebrates a $5.9K gain on a DELL short, but the top comment ruins it by pointing out he risked $224,000 to make $6K. OP then admits he’s a “pussy” after losing 25K on an AMD call and 8K on a SpaceX put during the late July Citadel ambush. The risk/reward here is less a trade and more a cry for help with a brokerage login.
So there you have it: the Fed hiked, crypto got clotured, Oracle is doing less with less, and the only thing up is the number of people calling themselves long-term investors after a 0DTE scalp. We remain committed to providing exit liquidity to anyone with a Reddit account and a dream. If you need us, we’ll be in the back pricing your unrealized losses.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management