Bob and Charlie discuss why the loudest voices in the AI debate are the ones with the weakest hand, Larry Ellison's reversal on his Oracle stock sale, the fight over the Paramount and Warner Bros. Discovery deal, and the return of San Pietro, plus S3 positioning data on shipping, oil and the Treasury curve.
- Shipping active longs up 94% on the year to $23.2B while short interest sat at 13-month lows. Shorts only started rebuilding in August.
- USO clears the top of its range with short interest 40% below peak. The trade is about supply now, not the conflict.
- Shorts piled into the belly of the curve in UST ETF products since June 12 while the long and short end stayed flat.
Hosted by Bob Sloan, founder & managing partner of S3 Partners, and Charlie Gasparino of Fox Business and the New York Post.Chapters00:00 Opening
02:00 AI hysteria
09:27 Home of the brave
10:44 A very well coordinated press event
14:46 Larry Ellison's Oracle stock sale
17:49 Paramount, Warner Bros. Discovery and the state AGs
21:31 San Pietro, Wall Street's cafeteria
24:45 S3 data: shipping's one-way bet
27:24 Oil: the trade is about supply now
30:59 Treasury ETFs and the belly of the curve
35:40 Iran, gas prices and the midterms
41:21 Wrap
Follow:
S3 Partners: https://x.com/S3Partners
Bob Sloan: https://x.com/BobSloanS3
Charlie Gasparino: https://x.com/CGasparino
Nothing in this episode should be considered investment advice. The hosts are not investment advisors.
