A 24-year-old's massively leveraged AI fund, "Situational Awareness," imploded from $45 billion to $10 billion in just six days, forcing a portfolio firesale to Citadel. The stunning collapse is a stark warning for the "increasingly debt-fueled AI boom."
The tape Prof G Markets · Aug 4
“But just six days later, the fund had lost roughly $35 billion in assets, plunging from a peak of $45 billion to around $10 billion. And Asher was forced to unwind his entire stock portfolio in a firesale that ended up going to Ken Griffin's Citadel.”
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Bloomberg Surveillance · Bloomberg Surveillance TV: August 3rd, 2026Aug 3
Fed Chair Kevin Warrsh's attempt to revert to "historic norms" by limiting forward guidance has backfired, with analysts citing a "communication blunder" that has left markets questioning the Fed's commitment to fighting inflation. The bond market is now "doing it for" the Fed.
Bloomberg Surveillance · Bloomberg Surveillance TV: July 30th, 2026Jul 30
With refiners running at 96% utilization, the massive $70 margin between crude oil and gasoline tells the real story. Experts say people are "looking at the wrong oil price"—the tightness is in the refining system itself.