The Friday Night Dirty

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Too soon for the song choice this week??

Hard to ignore the scandal that is impacting the markets and the A.I. trade. The guys discuss what Nvidia (NVDA) might look like under different leadership and how it might impact their investment strategy...

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"Friday Night” can’t come soon enough as investors need a break from the volatility in the markets. While the midterm elections provided an initial boost to the markets, there are many cross-currents happening and the guys discuss what they are watching.

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The theme song this week, “Movin Out”, pretty much encapsulates what investors are doing with their A.I. related stocks, and what the boys are dong with some of their positions.

Lots to discuss this week following some high profile earnings reports and the Federal Reserve meeting. The guys share their thoughts on the “A.I. trade” and what they are watching.

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On this week’s “Friday Night Dirty” we welcome in our friend Peter Boockvar, author of “The Boock Report”, to share his thoughts on the markets...

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A Thursday recording of the Friday Night Dirty as Vinnie and Porter are on the road in Nashville and they provide some takeaways from the events.

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Fresh off the Brazilian elections, the guys turn their attention to the Southern Hemisphere. While there will be a runoff on October 25th, it’s looking more likely that Bolsonaro will prevail, and if so, there is potentially more upside to stocks in the region.

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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 the markets. The guys share their thoughts.

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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 changes at Glass House (GLAS) and  Danny expresses his fru…

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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.

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Porter and Vinnie are joined by producer Jacob for a Discord-sourced AMA covering their investing process, portfolio monitoring, and current themes.

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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.

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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.

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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 Fed meeting ritual...

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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.

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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.

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In this Friday “Morning” release of the Friday Night Dirty the guys reference the “Cruel Summer” of trading that appears to be forming.

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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.

They touch on the Hyperscalers and how their stocks ar…

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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 energy stocks as they begin nibbling again — buying Tidew…

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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 fanfare and skill than SpaceX.

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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, especially Crypto. This will only get worse as IPOs come to mar…

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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” earnings and why they still like Google and Vinnie share…

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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. Consumer.Big news out of D.C. regarding rescheduling Cannab…

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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 CarMax (KMX).Gold miners continue to be a place where the…

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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 to focus on in the “Micro” as stock picking is back in…

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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 “Global Financial Plumbing” ever since.In this episode,…

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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. related job losses before the war.

The top half of the “K” in …

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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) moment this week when, as if speaking to Mr. Hand, said “…

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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!

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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-end consumer might be impacted as well and the guys disc…

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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 funding round ever which might seem counterintuitive with a…

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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 Show” live at 7pm eastern tonight at www.scrippsnews.com an…

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It’s a busy week in the markets and the guys try and explain it using an updated mantra..

Vinnie is spending more time on consumer credit and Porter is spending some time with a PhD and both have some takeaways…

It doesn’t appear SoftBank learned it’s lesson from a few years ago and debt issuance continues to flourish in the A.I. Sector…

The January “jobs …

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You might be wondering why the “song of the week” was chosen..the guys will explain.

It was a busy week in the markets as Anthropic sent shockwaves through the Software sector. Google and Amazon continue to increase capex related to A.I. buildout.

The market continues to digest the Warsh Fed Chair nomination and there is a good chance he’s less hawkish th…

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The boys begin with one of their favorite trading desk songs and a great story behind it..

They touch on the violent moves in Gold and Silver and what the appointment of Warsh might mean for the Federal Reserve, Banks and the Markets.

Of course they get into Tesla (TSLA) earnings and discuss the Carvana (CVNA) short report making it’s way through the mark…

A Special Friday Night Dirty for all subscribers kicked off with a little “Beastie Boys” and that set the tone for the episode.

The guys hit some earnings and went deeper into their “Anybody Seen Richie” note from earlier this week.

Natural Gas moving higher, along with many other commodities including Gold, and the guys highlight their top picks.

They bring back a new bit from last week and explain how they try and trade through all the noise from Davos to Japan.

Last but not least, their NFL picks for the week...

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That’s right - in the spirit of the NFL Playoffs and as an ode to Randy Moss the guys introduce a new segment!

Plus, they take a look at bank earnings and the proposed 10% cap in credit card rates.

Then, they discuss new power deals and electricity demand caused by A.I. and the recent move higher in Uranium.

And, of course they address energy stocks finall…

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It’s a busy and dirty Friday on the pod.

The guys break down:

* what stocks and sectors have become “sponge-worthy”

* where they see charts lining up with fundamentals

* recent policy announcements impacting the Housing sector, including thoughts on Fannie and Freddie

* their Seawolf Annual Letter and where they see opportunity and risk in 2026

* updated thoughts …

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It’s an early drop for this week’s ‘The Friday Night Dirty.’

In the spirit, the guys start with a holiday poem they think you will enjoy.

Then, the talk shifts to gold and how its now as big as the top 20 companies in the world combined.

Danny, Porter and Vinnie revisit the Sable Offshore story (SOC) and then hop into what prediction markets are forecastin…

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It’s that time of the week!

The boys share their latest thoughts on the “AI” trade and the daily swings in sentiment in the sector. They go onto discuss President Trump’s executive order on Cannabis and his comments related to housing affordability.

Then, a deep dive breakdown into the “What Up E” piece from this week.

And it doesn’t stop there - the gu…