Deep Sail Capital, an investment management company, released its third-quarter investor letter. A copy of the letter can be downloaded here. Deep Sail Capital Partners returned 14.2% net of fees in Q4 2025, with an average long exposure of 84%. For 2025, the Fund has returned 34.8%, with an average net long exposure of 82%. The Fund performed favorably compared to both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, in the fourth quarter. Further, the Fund generated mo ...

Seaport Global sets a new price target of $3 for FuboTV (NYSE:FUBO), indicating an 85.19% potential upside.The company's merger with Disney's Hulu + Live TV segment is expected to drive growth and market expansion.A high level of short interest at 18.1% year-to-date suggests the potential for a short squeeze, which could significantly increase the stock price.FuboTV (NYSE:FUBO) is a virtual Multichannel Video Programming Distributor (vMVPD) that offers streaming services, including live sports, news, and en ...

Betting Against US Treasuries? The US Treasury bond has been the benchmark for the entire fixed income market and its interest rates since the post-WW II era. Its stability has long been synonymous with stability and a AAA Moody's and S&P rating. However, it is the US Treasury bond's historic lack of volatility that is often attractive for ETFs and traders. Some circumstances below might be considered short justification, from a trade perspective: The above scenarios can profit on only a move of 5 or more b ...

Hycroft Mining Holding Corporation (NASDAQ:HYMC) shares climbed Monday as silver extended a historic rally to record highs, benefiting the Nevada-based gold and silver developer.Silver jumped more than 5% to above $108 per ounce on Monday, reaching all-time highs on strong safe-haven and investment demand, coupled with prolonged tightness in the physical market. Geopolitical Tensions And Commodity SupercycleMarkets have been rattled by the Trump administration’s abrupt threats to impose heavy tariffs on Eur ...

Core Viewpoint - The natural gas market is experiencing significant volatility due to a cold weather event, reminiscent of the polar vortex in 2018, which has led to a substantial impact on production and prices. Group 1: Market Conditions - The current cold weather has frozen off about 10% of natural gas production, coinciding with record demand levels [2] - The market is reacting strongly to this disruption, with cash market prices reaching $20 and $60 in the Northeast [4] - There is uncertainty regarding the duration of the cold weather and its impact on stock levels, raising concerns about potential shortages [4][7] Group 2: Price Dynamics - A parabolic move in natural gas prices has been observed, with discussions around a potential short squeeze affecting market dynamics [5] - The energy complex may see a repricing of natural gas if the cold weather persists, which could lead to higher prices throughout the year [9] Group 3: Broader Implications - The volatility in natural gas prices is expected to ripple into the power markets, as gas generation is a critical component of electricity supply [6] - There are concerns about the ability to refill storage in the summer, which could exacerbate supply issues [7][8] - Energy producers and infrastructure players are positioned to benefit from the current market conditions, particularly those less hedged against price increases [8]

Market Overview - Bitcoin is currently holding near $95,000 after a volatile rally, with traders anticipating a test of $100,000 but not a decisive breakout beyond that level [1] - Prediction markets indicate a 54% probability that Bitcoin will reach $100,000 in January, with significantly lower odds for higher targets, suggesting traders expect short-term momentum rather than sustained growth [2] - Recent market movements have been characterized as mechanical, driven by a "violent short squeeze" and significant inflows into ETFs, totaling over $800 million, the highest in three months [3] Market Dynamics - The surge in Bitcoin's price is framed as an order-flow event, with tactical positioning favored over long-term directional bets, as highlighted by Enflux [4] - Ether has shown relative strength, maintaining a price near $3,300, supported by yield demand and stable funding rates, reinforcing the view that $100,000 for Bitcoin is a level to be tested rather than surpassed [5] Market Movements - Bitcoin briefly exceeded $97,000 during U.S. trading hours before retreating to around $95,000 due to profit-taking and resistance [6] - Ether outperformed Bitcoin, remaining near $3,300 amid broader market volatility [6] - Gold and silver prices declined as geopolitical fears eased, while Japan's Nikkei 225 index fell 0.52%, underperforming other mixed Asia-Pacific markets [6]

Market Overview - Bitcoin briefly reached a two-month high of $96,240, with significant trading activity in altcoins [1] - Over $500 million in futures positions were liquidated as Bitcoin broke the key level of $94,500 for the first time since November [1] Futures and Open Interest - Open interest for Bitcoin futures is currently at $30.6 billion, down from a high of $31.5 billion, indicating aggressive buying in spot markets and traders covering shorts [2] Altcoin Performance - Privacy coin DASH rose to its highest point since 2021, signaling confidence among traders and leading to widespread gains in altcoins [3] - Optimism (OP) increased by 18.5%, while TIA and PENGU rose by 14% over a 24-hour period, reflecting renewed trader optimism [3] Bitcoin Dominance and Index Performance - Bitcoin dominance decreased from 59.3% on December 24 to 58.6%, as several altcoins outperformed Bitcoin [4] - The CoinDesk 80 Index (CD80) is up by 8% day-to-date, while the CoinDesk 20 (CD20) is up by 6.35% [4] Market Sentiment and Trends - The market has rebounded despite a lack of bullish catalysts, as traders have shifted sentiment following a significant liquidation event in October [5] - Traders have moved away from crypto to precious metals and AI stocks, indicating a shift in investment focus [6] Short-term Outlook - In the short term, Bitcoin is expected to re-test the $94,500 level as a new floor, with a potential rise to $99,000 as the next key resistance level [7] - A failure to maintain the $94,500 level could lead to Bitcoin falling between $85,000 and $94,500 [7]

Core Viewpoint - RealReal Inc (NASDAQ:REAL) stock has shown strong performance, recently reaching a four-year high, supported by bullish indicators and a favorable trading setup [1][2]. Group 1: Stock Performance - The stock was last seen trading at $16.84, up 2.3%, and previously surged to $16.90 [1]. - Historically, when REAL traded within 2% of its 52-week high with a low Schaeffer's Volatility Index (SVI), it has resulted in significant gains [2]. - The stock has increased 75% of the time one month after similar signals, averaging a 35% gain, which could potentially elevate the stock price to $22.73 [3]. Group 2: Short Selling Activity - Short interest in RealReal has decreased by 15.8% over the last two reporting periods, indicating a shift in market sentiment [5]. - Despite the decline, 24.08 million shares remain sold short, constituting 23.8% of the stock's available float, suggesting potential for a short squeeze [5].

Core Viewpoint - The recent court ruling allows Sable Offshore to proceed with operations, significantly altering its risk profile and market perception from a distressed asset to a potential major oil producer [2][3][4]. Legal Developments - The U.S. Court of Appeals for the 9th Circuit denied a request from environmental groups to issue a stay on the Las Flores pipeline system, enabling operations to continue while legal disputes are ongoing [2][4]. - This decision reflects a broader shift in federal energy policy, allowing Sable Offshore to restart operations despite state-level regulatory delays [7][18]. Market Reaction - Following the court ruling, Sable Offshore's stock surged by 30% in a single trading session, indicating a strong market response to the legal developments [5][12]. - Analysts maintain bullish ratings for Sable Offshore, projecting significant upside as the company transitions to a revenue-generating entity [6][12]. Production Potential - The Santa Ynez Unit (SYU) is capable of producing approximately 45,000 barrels of oil equivalent per day, which could substantially enhance Sable Offshore's revenue stream [8][9]. - The restart of operations is critical for managing the company's $900 million debt with ExxonMobil, which has a maturity date linked to the first commercial sale of hydrocarbons [10][11]. Technical Factors - Sable Offshore has a high short interest, with about 30% of its shares borrowed and sold short, creating a potential for a short squeeze following positive news [13][14]. - The court ruling has disrupted the short sellers' thesis, leading to forced buying and a rapid increase in stock price [15][16]. Future Outlook - While volatility is expected in the short term due to ongoing legal and operational updates, the long-term outlook has shifted positively with the court's ruling [17][18]. - The focus for Sable Offshore will now be on executing the restart of operations and capitalizing on its productive assets to close the gap between current share price and intrinsic value [18].

Core Viewpoint - GameStop Corporation is gaining market attention again, driven by its evolving business strategy and leadership changes, particularly under CEO Ryan Cohen [1] Group 1: Leadership and Compensation - GameStop has diversified its business beyond video games, with growth in collectibles and trading cards, positively impacting financial performance [2] - CEO Ryan Cohen, who holds a 9% stake in the company, has been pivotal in increasing interest in GameStop since his involvement began in August 2020 [3] - A new compensation plan for Cohen has been announced, which includes stock options that will vest based on achieving specific market capitalization and EBITDA milestones [4][5] - The compensation plan could potentially reward Cohen with stock options to purchase 171,537,327 shares at a price of $20.66, contingent on meeting defined performance targets [5][6] Group 2: Financial Performance - Since Cohen joined the Board, GameStop's market capitalization has surged from $1.3 billion to $9.3 billion, reflecting a 615% increase [6] - The company has transitioned from a net loss of $381.3 million in fiscal 2021 to a net income of $421.8 million over the last four fiscal quarters, indicating significant financial improvement [6] Group 3: Store Closures - GameStop is closing hundreds of stores as part of its turnaround strategy, with reports indicating 590 U.S. stores were closed in the last fiscal year [8] - An additional significant number of store closures is expected during the 2025 fiscal year, which ends on January 31, 2026 [8] - As of January 2026, 223 stores have been confirmed closed, with notifications sent to customers regarding the closures [9][10] Group 4: Stock Performance - GameStop's stock has seen a 4.7% increase to $21.63 recently, although it remains down 35.2% over the past year [11]