TriCap
@triforcecap.bsky.social
Markets.
Universalism | Tolerance | Trust
*One has to imagine Sisyphus happy.*
Universalism | Tolerance | Trust
*One has to imagine Sisyphus happy.*
Reposted by TriCap
US Treasury Secretary Bessent: We must avoid the temptation of a zero-risk financial system.
February 4, 2026 at 3:24 PM
US Treasury Secretary Bessent: We must avoid the temptation of a zero-risk financial system.
Reposted by TriCap
Fun with charts, February 4:
1/3 A rebalancing is underway, between the technology sector and other US sectors, and between the US and other global markets. This is a healthy thing, in that it may keep more capital at home in other countries, and reduces the chances of a wreck down the road:
1/3 A rebalancing is underway, between the technology sector and other US sectors, and between the US and other global markets. This is a healthy thing, in that it may keep more capital at home in other countries, and reduces the chances of a wreck down the road:
February 4, 2026 at 3:08 PM
Fun with charts, February 4:
1/3 A rebalancing is underway, between the technology sector and other US sectors, and between the US and other global markets. This is a healthy thing, in that it may keep more capital at home in other countries, and reduces the chances of a wreck down the road:
1/3 A rebalancing is underway, between the technology sector and other US sectors, and between the US and other global markets. This is a healthy thing, in that it may keep more capital at home in other countries, and reduces the chances of a wreck down the road:
Reposted by TriCap
Treasury refunding: will be keeping most auction sizes unchanged in the coming quarters
February 4, 2026 at 1:32 PM
Treasury refunding: will be keeping most auction sizes unchanged in the coming quarters
Reposted by TriCap
SK hynix will pay its largest-ever performance bonuses to employees after having set this year’s profit-sharing (PS) payout rate at 2,964 percent, according to industry sources on Wednesday. koreajoongangdaily.joins.com/news/2026-02...
SK hynix employees to get largest-ever performance bonuses this week after chipmaker's record-setting year
SK hynix will pay its largest-ever performance bonuses to employees after having set this year’s profit-sharing (PS) payout rate at 2,964 percent, according to industry sources on Wednesday.
koreajoongangdaily.joins.com
February 4, 2026 at 12:11 PM
SK hynix will pay its largest-ever performance bonuses to employees after having set this year’s profit-sharing (PS) payout rate at 2,964 percent, according to industry sources on Wednesday. koreajoongangdaily.joins.com/news/2026-02...
Clear and concise from Diane. The trust deficit is clearly affecting commodities; motivating hoarding and resulting in inventory declines in the global trading centers.
Navigating a global trust deficit
Trust is quite literally the oil of the market machine. High levels of trust act as a lubricant, enabling even the simplest tractions to move forward with little costs. Low levels toss sand into the gears of the market machine.
Trust is quite literally the oil of the market machine. High levels of trust act as a lubricant, enabling even the simplest tractions to move forward with little costs. Low levels toss sand into the gears of the market machine.
February 4, 2026 at 7:25 AM
Clear and concise from Diane. The trust deficit is clearly affecting commodities; motivating hoarding and resulting in inventory declines in the global trading centers.
Reposted by TriCap
I've built Macrodata: a plugin that gives Claude Code and OpenCode self-organising memory and autonomous scheduling.
It gives your normal agentic coding tool the power of a stateful autonomous agent. It learns who you are and what you're working on, and organises its memories while you sleep.
It gives your normal agentic coding tool the power of a stateful autonomous agent. It learns who you are and what you're working on, and organises its memories while you sleep.
GitHub - ascorbic/macrodata: Give Claude Code and OpenCode persistent, self-maintaining memory and autonomous scheduling.
Give Claude Code and OpenCode persistent, self-maintaining memory and autonomous scheduling. - ascorbic/macrodata
github.com
February 3, 2026 at 11:12 PM
I've built Macrodata: a plugin that gives Claude Code and OpenCode self-organising memory and autonomous scheduling.
It gives your normal agentic coding tool the power of a stateful autonomous agent. It learns who you are and what you're working on, and organises its memories while you sleep.
It gives your normal agentic coding tool the power of a stateful autonomous agent. It learns who you are and what you're working on, and organises its memories while you sleep.
Reposted by TriCap
“So far this earnings season, just 71% of software companies in the S&P 500 have beaten revenue expectations, according to data compiled by Bloomberg. That compares with 85% for the overall tech sector.”
#$IGV
www.bloomberg.com/news/article...
#$IGV
www.bloomberg.com/news/article...
Anthropic’s Move Into Legal Is Sinking Data Services Stocks
A new AI automation tool from Anthropic PBC sparked a $285 billion rout in stocks across the software, financial services and asset management sectors on Tuesday as investors raced to dump shares with...
www.bloomberg.com
February 4, 2026 at 2:36 AM
“So far this earnings season, just 71% of software companies in the S&P 500 have beaten revenue expectations, according to data compiled by Bloomberg. That compares with 85% for the overall tech sector.”
#$IGV
www.bloomberg.com/news/article...
#$IGV
www.bloomberg.com/news/article...
Exclusive: BOJ won't come to the rescue of a Takaichi-driven bond rout reut.rs/4tomJYD
Exclusive: BOJ won't come to the rescue of a Takaichi-driven bond rout
Prime Minister Sanae Takaichi should not count on the Bank of Japan's help in taming sharp bond yield rises given the huge cost of intervention, including the significant risk of igniting unwelcome yen falls, sources say.
reut.rs
February 4, 2026 at 6:33 AM
Reposted by TriCap
I'm happy to be quoted in this long read from the @financialtimes.com but in general it's a great overview of the tension between Takaichi's popularity and what's waiting when the campaign is over.
giftarticle.ft.com/giftarticle/...
giftarticle.ft.com/giftarticle/...
Can Sanae Takaichi govern Japan on star power alone?
The new prime minister has revived the LDP, which had looked as if it might collapse. But if she wins this week’s elections, she will face harsh realities
giftarticle.ft.com
February 4, 2026 at 3:45 AM
I'm happy to be quoted in this long read from the @financialtimes.com but in general it's a great overview of the tension between Takaichi's popularity and what's waiting when the campaign is over.
giftarticle.ft.com/giftarticle/...
giftarticle.ft.com/giftarticle/...
Reposted by TriCap
Next general license related to Venezuela allows import of diluents- again as long as doesnt involve iran, Russia, cuba, dprk of associated JVs or the use of crypto, digital assets. One of several factors to modestly reduce production
ofac.treasury.gov/media/934891...
ofac.treasury.gov/media/934891...
ofac.treasury.gov
February 3, 2026 at 11:52 PM
Next general license related to Venezuela allows import of diluents- again as long as doesnt involve iran, Russia, cuba, dprk of associated JVs or the use of crypto, digital assets. One of several factors to modestly reduce production
ofac.treasury.gov/media/934891...
ofac.treasury.gov/media/934891...
Reposted by TriCap
China starts paying interest on digital yuan in latest bid extend its reach
https://asia.nikkei.com/business/finance/china-starts-paying-interest-on-digital-yuan-in-latest-bid-extend-its-reach
https://asia.nikkei.com/business/finance/china-starts-paying-interest-on-digital-yuan-in-latest-bid-extend-its-reach
China starts paying interest on digital yuan in latest bid extend its reach
e-CNY meant to chip away at dollar dominance for cross-border transactions
asia.nikkei.com
February 3, 2026 at 5:55 PM
China starts paying interest on digital yuan in latest bid extend its reach
https://asia.nikkei.com/business/finance/china-starts-paying-interest-on-digital-yuan-in-latest-bid-extend-its-reach
https://asia.nikkei.com/business/finance/china-starts-paying-interest-on-digital-yuan-in-latest-bid-extend-its-reach
Reposted by TriCap
Discount Elon still searching for his galaxy sized TAM.
OPENAI CEO SAM ALTMAN SAID THE COMPANY MAY INVEST IN OR SUBSIDIZE DRUG DISCOVERY FIRMS USING ITS AI AND POTENTIALLY TAKE ROYALTIES FROM BREAKTHROUGHS.
February 3, 2026 at 10:02 PM
Discount Elon still searching for his galaxy sized TAM.
Reposted by TriCap
New piece from Ben Thompson (Stratechery) is very much worth the read / listen ... topical given the pressure in software. I like the comparison he makes to media / internet
Title: Microsoft and Software Survival
Title: Microsoft and Software Survival
Stratechery by Ben Thompson
On the business, strategy, and impact of technology.
stratechery.com
February 3, 2026 at 9:07 PM
New piece from Ben Thompson (Stratechery) is very much worth the read / listen ... topical given the pressure in software. I like the comparison he makes to media / internet
Title: Microsoft and Software Survival
Title: Microsoft and Software Survival
Reposted by TriCap
“The economy is an incredibly complicated beast, and we’re in a period of structural change,” Mr. Eichengreen said, “so it’s not surprising that simple rules of thumb increasingly fail.” www.nytimes.com/2026/02/03/b...
The Global Economy’s Warning Signals Are Broken
www.nytimes.com
February 3, 2026 at 6:21 PM
“The economy is an incredibly complicated beast, and we’re in a period of structural change,” Mr. Eichengreen said, “so it’s not surprising that simple rules of thumb increasingly fail.” www.nytimes.com/2026/02/03/b...
News from last quarter, today.
🚨 INTEL CEO SAYS KNOWLEDGEABLE PEOPLE TOLD HIM U.S. IS BEHIND CHINA NOW ON OPEN SOURCE AI
February 3, 2026 at 6:00 PM
News from last quarter, today.
Reposted by TriCap
BDC's, Private Equity, and Private Credit stocks getting totally destroyed as well.
February 3, 2026 at 5:32 PM
BDC's, Private Equity, and Private Credit stocks getting totally destroyed as well.
Reposted by TriCap
the whole point of technology is to subvert "the natural order," because the natural order is disease and decay and suffering and famine
February 3, 2026 at 4:35 AM
the whole point of technology is to subvert "the natural order," because the natural order is disease and decay and suffering and famine
Takaichi: gaffe-prone newbie and elite electoral tactician.
Record-breaking snowfall has buried parts of northern Japan, prompting the deployment of troops and hundreds of snow ploughs as the death toll from winter storms rises to 30. Authorities warn conditions could also impact a national election this weekend. #Japan #Snowstorm
February 3, 2026 at 4:55 PM
Takaichi: gaffe-prone newbie and elite electoral tactician.
Reposted by TriCap
A UAE investor secretly gave Trump $187 million and his top Middle East envoy $31 million. And then Trump gave that investor access to sensitive defense technology that broke decades of national security precedent.
Brazen, open corruption. And we shouldn't pretend it's normal.
Brazen, open corruption. And we shouldn't pretend it's normal.
February 3, 2026 at 4:26 PM
A UAE investor secretly gave Trump $187 million and his top Middle East envoy $31 million. And then Trump gave that investor access to sensitive defense technology that broke decades of national security precedent.
Brazen, open corruption. And we shouldn't pretend it's normal.
Brazen, open corruption. And we shouldn't pretend it's normal.
Reposted by TriCap
The 10-year Treasury yield has decoupled from economic surprises.
https://augurdigest.com
https://augurdigest.com
February 3, 2026 at 2:59 PM
The 10-year Treasury yield has decoupled from economic surprises.
https://augurdigest.com
https://augurdigest.com
Supply finds a way.
"...YMTC has largely overcome the foreign export controls that have curbed its access to chipmaking equipment by finding ways to produce memory chips using less advanced machines. The company has also finalized the development of its own DRAM products"
February 3, 2026 at 2:59 PM
Supply finds a way.
Reposted by TriCap
"Tracking the Unseen Costs of 'State Corporatism'" www.cato.org/blog/trackin...
February 3, 2026 at 2:04 PM
"Tracking the Unseen Costs of 'State Corporatism'" www.cato.org/blog/trackin...
Total cost of letting an imbecile run capital allocation in a $30T economy is going to be staggering.
CATO: ".. The government’s investment has thus likely 'diverted tens of billions of dollars of private capital away from potentially more deserving firms and to Intel, with little support for the move beyond -- as one semiconductor analyst put it -- ‘vibes and tweets.’"
www.cato.org/commentary/i...
www.cato.org/commentary/i...
Intel Exposes the Hidden Cost of State Capitalism
There are better, safer ways to help strategic industries and boost American competitiveness than for Washington to take an opaque and open-ended stake in a private firm with taxpayer money.
www.cato.org
February 3, 2026 at 2:52 PM
Total cost of letting an imbecile run capital allocation in a $30T economy is going to be staggering.
Reposted by TriCap
Today is the third time Elon Musk has bought Twitter in four years.
February 3, 2026 at 12:47 AM
Today is the third time Elon Musk has bought Twitter in four years.