Jon Sticha

@strangis Always looking for ideas

@jonsticha This years costume?

Blue Owl estimates that, based on BDC leverage profiles of 1x debt/equity, their loan portfolios could endure a 50% loss rate with minimal to no recoveries before unsecured bond holders would be impaired (GFC peak loss rates in private credit were ~10%). #privatecredit

$65.75B in new issue corp bond supply yesterday smashes the previous record of $52B. $AMZN alone issued $37B on peak orders of $126B, second only to $ORCL last month.

it seems $BRO agrees after announcing a $250mm share repurchase this morning.

The selloff over the past few months in the insurance broker space feels over done. Some of these are looking interesting. $BWIN $AJG $RYAN to name a few

In Minneapolis, ICE arrested a 5-year-old coming home from preschool and tried to use him as human bait. His teacher describes him as “a bright young student.” These monsters are sick.

@GrageDustin @JessieJaneDuff Add Modist Brewing in Minneapolis to that list

INBOX: Back Channel Brewing off of Lake Minnetonka doesn’t want your business if you support law enforcement. Noted.

Someone check on Shkreli $CAPR 🚀

😭😭

@BamaBonds As a secondary PE buyer I can't say I'm mad about this development:)

Fun stat for my HY investors: A recent study from Barc showed that when the yield on the broader US HY mkt is between 8% and 9%, the median 12-month forward return is 10.8% and investors experience a positive 12-month forward return 90% of the time. HY index is currently 8.4%.⁷

our capital allo strategy, which is designed to enhance lt shareholder value. Strategy consists of maintaining and growing our divy over time, reinvesting in our business at an appropriate level of financial return, and making value-enhancing share repurchases

With the $HLN sale announced and proceeds expected to be used to delever, $PFE sounds like a shareholder friendly co once again. From their latest earnings call+

@GilmanHill precisely my question. WIRP was only pricing two cuts in 2025 pre-meeting anyways. This was not an earth shattering announcement imo.

How on EARTH did that come as a surprise to anyone?

@Mishbia15 @Suns please buy the Twins!

Winning starts with our fans. When I walk the concourse at games there aren’t food options for families who don’t want to spend a lot of money. That needs to change, so today we’re rolling out our $2 value menu for all home @Suns games.

The time has come to start dabbling in $UNH imo. Going long

@ThatEricAlper Rubber Soul, Revolver, Sgt. Pepper

What is the greatest 3-album run of all time?

I absolutely hate T+1 settle for fixed income. That is all.

If you're truly "data dependent", then you will always be behind the curve due to the lagging nature of data.

@LJKawa what happened to "data dependent"? isn't data by it's nature lagging and thus behind the curve :)?

Good line: A 50 basis point cut is “a sign of our commitment not to get behind” [the curve], says Powell