CMF
3 tracked calls · 0 long · 3 short · last 90d: 0L/2S
first called by All-In Podcast 6mo ago
SHORT3w ago
“I think that this state... is on the brink of defaults that are going to be so significant that if the federal government was called in to bail them out... all of the red states and all of the other t”All-In Podcast
With rates hitting 11%, a California state default wipes out its municipal bonds, so shorting the state's $4.5 billion debt portfolio captures the crash.
CMFSHORT@ $57.79
$57.24+0.94%
since call Jul 3
peak +2.0%
SHORT4w ago
“a hard landing will mean a near-miss with California bankruptcy and, more punitively, a reset/retrade of state pensions with California lenders to not come coll”Chamath Palihapitiya
California's wealth tax triggers a budget death spiral and near-bankruptcy, destroying the creditworthiness of California muni bonds.
CMFSHORT@ $58.70
$57.24+2.49%
since call Jun 28
peak +2.5%
SHORT6mo ago
“California the budget's $350 billion by far the biggest. It has doubled in the last decade... And they're still running a huge deficit. And that's why they're…”All-In Podcast
California budget hole plus asset-seizure tax drives job creators out: structural fiscal deterioration
CMFSHORT@ $56.52
$57.24-1.27%
since call Jan 24
peak +2.3%