Value Investor, 🌎Macro, & Quant. Posts are for comical, entertainment, and/or educational purposes only.
Texas, USA
Joined April 2022
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The Investor retweeted
Tesla has officially started construction of its massive new $10 billion solar manufacturing facility near Houston, Texas!
Construction is expected to finish in 2028, with commercial operations starting in Q1 2029. Total direct and indirect economic impact of the project is estimated to generate ~$6.4B in state and local taxes, and increase State of Texas GDP by ~$107 billion.
The factory will be a vertically integrated solar manufacturing facility, and it'll include:
• Wafer Manufacturing
• Ingot Manufacturing
• Coating
• Metallization and Printing Lines
• Cell Testing and QC
• Automation and Material Handling
• Cleanroom and Production Support
• Site Infrastructure
• Chemical Storage and Delivery
• Utility Infrastructure
• Environmental and Safety Systems
Tesla has started the Earthworks for Project Crystal Sun!
This is/was Tesla's proposed area for Project Crystal Sun, a $10.1 billion solar-cell and panel factory. It appears Tesla has decided to build here!
The roughly 3,000-acre project would manufacture everything from silicon ingots to finished solar panels and create approximately 9,712 permanent jobs. Production is targeted for early 2029.
I decided to swing by yesterday and found massive clearings, equipment staging areas, the old homestead is being used, and they are already leveling a large area.
Enjoy the flyover and please, please subscribe
The Investor retweeted
Thursday, November 5th, was a day of extremes:
•US long/short Hedge Fund net leverage declined by 5% day over day, the 5th largest single-day decline since 2010. Net leverage is now in the bottom decile since 2010.^
•Long/short fund active gross flow since June has amounted to a -10.7% reduction relative to their gross market value at the end of June, the most in at least 10 years.^
•Hedge Funds are now underweight AI stocks* relative to market cap weights, but AI is still a very large percent of absolute exposures at 32%.^
•Levered ETFs had the largest amount to sell on data going back to 2007, bringing $57bn of US equity supply.
•Retail selling of US equities in the first 90 minutes, based on MS QDS estimates using public data, was the second largest going back to 2016.
•Equities are now starting to trade in a more correlated fashion, often signaling that risk reduction is broadening out.
^Sourced from MS Prime Brokerage.
*AI stocks defined as the constituents of the MSXXAI Index, made up of AI tech beneficiaries, AI power names, and key hyperscalers
You have probably heard of capital loss harvesting, but have you heard of capital gains harvesting? It is a strategy some early retirees use enabling them to take 102k from the market tax free every year.
🇺🇸 THE IRS JUST RAISED THE 0% CAPITAL GAINS BRACKET FOR 2027
If your taxable income stays under these limits, you pay 0% federal tax on long-term gains, per CNBC:
Single: $51,050
Married: $102,100
"Long-term" means you held the investment for more than 1 year.
"Taxable income" is your income after deductions. The standard deduction for 2027:
Single: $16,600
Married: $33,200
So a married couple taking the standard deduction can make about $135,300 in total, gains included, and still pay 0% on those gains.
Inflation breakeven swaps across the world.
2y inflation expectations are have been sinking for the US and Mexico. Brazil is a different story
The Investor retweeted
$META president says a newly elected governor who made data centers a campaign issue asked to meet after inauguration:
“As soon as we get past the inauguration, let's meet, because we don't want to lose this investment in our town."
"We don't want these jobs to go elsewhere.”
Sold higher for other opportunities. Not a bad day for opportunity shopping
Should we take gains on $FISV here? Wait for a sell signal? More than what most insiders paid recently already
Inflation breakevens have softened modestly. Someone asked why Dem wins in key states (TX, GA, OH, etc.) on data-center moratoriums/restrictions, plus full control of Congress, might help ease inflation pressure.
The AI buildout has been a major private-capex and electricity-demand driver; slowing it reduces real spending and power pressure.
A Democrat-run Congress can also use the power of the purse to limit or condition war-related spending.
There’s a narrower channel via less pure bank-credit creation feeding M2 on the data-center side.
Ending state tax incentives or higher taxes can dampen growth further, but only if the revenue actually shrinks deficits instead of getting spent.
