Swingin' Charts

$PS is one of the most talked-about fresh listings on Wall Street right now — Bill Ackman’s long-awaited public markets debut finally happened on April 29, 2026, when $PS and its companion closed-end fund $PSUS raised a combined $5 billion in one of the largest closed-end fund IPOs in U.S. history. The structure is clever: $PSUS priced at $50 per share, and every five $PSUS shares came bundled with one $PS share for free — creating a built-in demand linkage between the two tickers that generates automatic flows and arbitrage setups. $PS is the listed parent of Pershing Square Capital Management, holding a concentrated portfolio of large-cap names including $AMZN, $UBER, and $BAM — and it’s Ackman’s explicit play to build the next $BRK.B, a permanent capital vehicle that compounds over decades without forced selling pressure. Since inception in 2004, Pershing Square has generated cumulative net returns of over 2,600% vs. ~836% for the S&P 500 — that’s the track record underpinning the pitch. The stock opened at $24, got repriced fast by the market, and ripped to $37.99 by Friday May 1 — a 57% move in just three trading days — driven by momentum traders, IPO repricing dynamics, and Ackman hosting a live X Spaces with CIO Ryan Israel the same day to talk strategy and capital deployment, adding even more fuel. Ackman has said it’ll take weeks, not months, to deploy the $5B raised — meaning the portfolio is about to get positioned aggressively, and every new deal or position disclosed becomes a fresh catalyst. This is not just a new stock, it’s a new publicly traded version of one of the most storied activist hedge funds in the world. Not financial advice.

Billionaire Sergey Brin bought this house in Lake Tahoe for $42 million in December

The Stock Market is in an interesting moment of time. The Bulls are pointing to earnings growth at a level we have never seen before by the largest companies on the planet. The Bears are pointing to Oil continuing to surge higher and the Equity Risk Premium essentially being zero with one or two sectors contributing to the majority of the gains. I spent all morning compiling every chart, every counter argument, and tried putting it together into a cohesive explanation for why this rally has been so historic but what could also be troubling about it. Historic rally: - Semis most overbought since 2017, best run we have ever seen for them - April up 10% on the S&P - Best earnings growth across the board since 2021 as hyperscalers increase capex What's troubling about it: - Oil still over $100 - Financials are down for the year and not participating in the rally - Japan continues to manipulate their currency and the Yen is part of the global tech trade - Bond yields aren't coming down...at all The Stock Market Is Ignoring All The Bad Things, but maybe, for the right reasons... Article below ⬇️

I don’t know much about sheetrock… but I’m suddenly very interested in the process...😁👏 Is she doing it right??🤯

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