The Friday Night Dirty

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Dean Martin’s “Houston” opens this week’s Dirty and the guys recap their trip there this week and takeaways from the HOOD Summit. After some soft economic data this week that lowered the chance of a Fed rate hike at the October meeting, rates are well off their lows and still present a challenge to t...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The “Dirty” opens with Jackson Browne’s “Running on Empty”, which best describes the state of the U.S. Treasury Market. If rates keep rising, the guys believe we will begin to see its impact in both credit and equity markets. Vinnie and Porter express their frustration with some recent actions and ch...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com It’s Friday, so that means it’s time for the “Friday Night Dirty” and the guys are a bit “Dazed and Confused” but they do their best to sift through the noise.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Porter and Vinnie are joined by producer Jacob for a Discord-sourced AMA covering their investing process, portfolio monitoring, and current themes.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The theme for the Friday Night Dirty this week is “Follow The Yellow Brick Road” (GOLD) as Scott Bessent (The Wizard) continues to play “Whac-A-Mole” (see our note from August 5th) to help stabilize the Treasury market.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The boys are back together for an action packed Friday Night Dirty. Vinnie had the song “Out Of Touch” in his head and that is a good way to describe the disconnect between economic and monetary fantasy vs. reality.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Fresh off the Federal Reserve meeting, the guys chat with Luke Gromen, founder of Macro/Thematic Research Firm “Forest For The Trees” for a special Thursday edition of the Friday Night Dirty In addition to discussing the Fed meeting, Warsh press conference and the market’s reaction, Luke shares his F...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com It’s the Friday Night Dirty and things are getting a bit messy. Did Musk just send out an “S.O.S.”? They hit the usual Macro topics: Rates/Oil/Gold, and talk about the incredible event they attended in Chicago this week hosted by “No Greater Sacrifice”, which puts everything in perspective.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com We sat down with our friend Stephen Schultz to look back on his 14-year run at a massive multi-manager hedge fund. The conversation moves from specific stock ideas to market realities to the massive technological shifts reshaping the financial sector.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com In this Friday “Morning” release of the Friday Night Dirty the guys reference the “Cruel Summer” of trading that appears to be forming.

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The guys open the “Dirty” with a little “wrecking ball” and they are referring to the impact the strong dollar has been having on Gold and other commodities as well as the rotation we are seeing in the markets. One week after Warsh’s first Fed meeting as Chair, the guys provide an updated perspective...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com In this episode, Vinnie dials in from California fresh off an on-site visit to Glass House Brands (GLASF) and shares his takeaways. They also dissect Kevin Warsh’s first Fed meeting, reading his hawkish tone as “temporary”, and they discuss how the move lower in Oil is creating an opportunity  in ene...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The guys bring in the Dirty this week with an REM song that Vinnie used as inspiration in a note earlier this week. They discuss the SpaceX IPO and its implications for the markets. Speaking of “Capital Markets”, PCT found itself also offering shares to investors this week, albeit with much less fanf...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Welcome to a new and improved “Friday Night Dirty” which now includes video and hopefully better audio than before! The opening song, ‘Black Hole Sun”, describes what we (Porter) are seeing in A.I. related stocks as they suck in all the capital while other stocks and sectors are left behind, especial...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com A special guest pops in for the Friday Night Dirty and his voice will sound familiar…. After some Mets banter, and yes, Vinnie should be the next GM for the New York Mets (seriously), we get into Powell’s “lLast Dance” as Fed Chair and what Warsh appears to be inheriting. The guys discuss “Big Tech”...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com A special Friday morning recording of the Friday Night Dirty and the theme is “I Don’t Know”.The guys try and make sense of the markets as every headline seems to create more noise. Vinnie shares his thoughts on American Express following their earnings report and what it tells us about the U.S. Cons...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Sergeant Hulka pays a visit to ‘The Friday Night Dirty.’Vinnie and Porter try and give Danny a cure for his “Bullmonia” (see Vinnie’s note this week).The boys share their thoughts now that the markets are back to new highs. They give an overview of Bank earnings thus far and also share thoughts on Ca...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Hello Friends!!!!A special Masters edition of the Friday Night Dirty from a Substack “unlike any other”.The Masters golf tournament has been a nice distraction but the guys do their best to break down what they believe is moving markets. While most of the focus has been on the “Macro” there is plenty...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com In this special Thursday edition of The Friday Night Dirty we are joined by our great friend James Aitken. We have known James since he began writing “Notes From A Small Island” in late 2006 while he was working on the FX Trading Desk at UBS in London and we have leaned on James to better understand...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com Another volatile week in the markets and plenty to talk about. Vinnie is deep in a nerd fantasy baseball draft but Porter and Danny cover it all and try to “Roll with the Changes" The moves in rates and oil are only exacerbating the issues we were already dealing with in Private Credit and A.I. relat...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The guys do their best to sift through the noise in the markets and try and make sense of things. One thing is certain, the current state of affairs is unsustainable and if oil stays at these levels things will get much worse. Even Jerome Powell had his “Jeff Spicoli” (Fast Times at Ridgemont High) m...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com The boys are without Danny this week! Porter and Vinnie are trying to sort through the fog of war. It’s a bear/bull debate on private credit. And so much more! Enjoy!

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com It’s a long Dirty from the guys this week as there is a lot to discuss. The War in Iran is having an impact on many things but none bigger than oil and the guys discuss what that means for stocks and the economy. The lower-income consumer was already struggling to keep up with costs and now the high-...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com It’s a packed ‘Friday Night Dirty.’ The Boys are back from Miami and they give us their recap. Vinnie meets with Citrini (in a dark bar) and digs deeper on the A.I. “Dystopian” Memo released at the beginning of the week and it appears Jack Dorsey agrees (see XYZ).Open AI completes largest private fun...

This is a free preview of a paid episode. To hear more, visit whatarewedoingonthedesk.substack.com While Porter is away, the Donkeys will play! They bring back an Electric Company Skit from 1971 and break down the news of the week from Blue Owl , CVNA, Gold, and who in the world is Vipin Arora? Plus what tensions in the Middle East might mean for energy stocks. And, don’t miss “The Danny Moses Sho...