# ![@TheNorthernH Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1533848751017709571.png) @TheNorthernH The Northern Highlights

The Northern Highlights posts on X about inflation, china, $hype, $nvda the most. They currently have [---] followers and [---] posts still getting attention that total [--] engagements in the last [--] hours.

### Engagements: undefined [#](/creator/twitter::1533848751017709571/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1533848751017709571/c:line/m:interactions.svg)

- [--] Week [--] -62%
- [--] Month [-----] +52%
- [--] Months [------] +25%
- [--] Year [------] +146%

### Mentions: undefined [#](/creator/twitter::1533848751017709571/posts_active)
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- [--] Month [--] -78%
- [--] Months [--] +82%
- [--] Year [---] +188%

### Followers: [---] [#](/creator/twitter::1533848751017709571/followers)
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- [--] Week [---] no change
- [--] Month [---] +4.20%
- [--] Months [---] +4.20%
- [--] Year [---] +21%

### CreatorRank: undefined [#](/creator/twitter::1533848751017709571/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1533848751017709571/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  [stocks](/list/stocks)  [countries](/list/countries)  [technology brands](/list/technology-brands)  [cryptocurrencies](/list/cryptocurrencies)  [exchanges](/list/exchanges)  [automotive brands](/list/automotive-brands)  [luxury brands](/list/luxury-brands)  [travel destinations](/list/travel-destinations) 

**Social topic influence**
[inflation](/topic/inflation), [china](/topic/china), [$hype](/topic/$hype), [$nvda](/topic/$nvda), [meta](/topic/meta), [market cap](/topic/market-cap), [$unh](/topic/$unh), [deflation](/topic/deflation), [debt](/topic/debt), [cash flow](/topic/cash-flow)

**Top assets mentioned**
[Hyperliquid (HYPE)](/topic/$hype) [NVIDIA Corp. (NVDA)](/topic/$nvda) [UnitedHealth Group (UNH)](/topic/$unh) [Sonnet BioTherapeutics Holdings, Inc. Common Stock (SONN)](/topic/$sonn) [Hamilton Insurance Group, Ltd. (HG)](/topic/$hg) [Oracle Corporation (ORCL)](/topic/$orcl) [Oscar Health, Inc.  (OSCR)](/topic/$oscr) [Target Corporation (TGT)](/topic/$tgt) [Purr (PURR)](/topic/$purr) [Oxygen (OXY)](/topic/$oxy) [Elevance Health Inc (ELV)](/topic/$elv) [Centene Corp (CNC)](/topic/$cnc) [Cigna Corp (CI)](/topic/$ci) [Molina Healthcare, Inc. (MOH)](/topic/$moh) [Alphabet Inc Class A (GOOGL)](/topic/$goog) [United Parcel Service, Inc. (UPS)](/topic/$ups) [USDH (USDH)](/topic/$usdh) [Hyperion DeFi (HYPD)](/topic/$hypd) [Prologis Inc (PLD)](/topic/$pld) [April (APRIL)](/topic/april) [Vixco (VIX)](/topic/$vix) [Eclipse (ES)](/topic/$es)
### Top Social Posts
Top posts by engagements in the last [--] hours

"@INArteCarloDoss From a good [----] piece by FRED: "the lower the level of the real interest rate at the time of inversion the longer or deeper the recession that follows a yield curve inversion" Inversion was [------] 10y exp inf 2.4% 10y yield at 3%: real at 0.6% =bad"  
[X Link](https://x.com/TheNorthernH/status/1680964465561305089)  2023-07-17T15:35Z [---] followers, [----] engagements


"$RHI's Q2 [----] call showed an accelerating slowdown in permanent job offers at the beginning of July. Q2 [----] results were exceptionally good at $1.5/share while historical earnings are $0.7-1/share. Q2 [----] earnings were back to the historical trend at $1/share"  
[X Link](https://x.com/TheNorthernH/status/1690395507388985344)  2023-08-12T16:11Z [---] followers, [---] engagements


"@LeopoldHeinrich Energy is a much smaller component in CPI than shelter and at current levels wont be able to compensate for the disinflation in shelter for the foreseeable future"  
[X Link](https://x.com/TheNorthernH/status/1690620174578188288)  2023-08-13T07:03Z [---] followers, [--] engagements


"@LeopoldHeinrich LT rates are in line with inflation expectations and those expectations can't rise if there is a massive shelter disinflation (45% of CPI). Chinese deflation is spreading to RoW and soon will be captured in goods deflation. Energy would need to be massively up to move LT rates"  
[X Link](https://x.com/TheNorthernH/status/1690722475590533120)  2023-08-13T13:50Z [---] followers, [--] engagements


"#USOIL testing a retake of the [----] channel bottom. A retake would increase odds of a $140/b while raising energy contribution in CPI prints from October"  
[X Link](https://x.com/TheNorthernH/status/1697959366152860055)  2023-09-02T13:07Z [---] followers, [--] engagements


"@INArteCarloDoss If the $ keeps heading up vs. major currencies CNY/EUR/JPY do the US really need a lot more fiscal orthodoxy right now They can just wait that RoW collapses (by stimulating or cutting spending) before making any move. This will confirm/reinforce the dominance of the $"  
[X Link](https://x.com/TheNorthernH/status/1701623551285977135)  2023-09-12T15:47Z [---] followers, [---] engagements


"@INArteCarloDoss Still some way to go before outright deflation because food inflation is still very high (10%)"  
[X Link](https://x.com/TheNorthernH/status/1707423838777020856)  2023-09-28T15:55Z [---] followers, [--] engagements


"@MichaelKantro The market is just more atomistic: fewer buyers and sellers b/c many locked in sub-3% mortgage rates and wont sell soon unless UR rises"  
[X Link](https://x.com/TheNorthernH/status/1707444833944555609)  2023-09-28T17:19Z [---] followers, [---] engagements


"@INArteCarloDoss The question is - as always - timing. US job report US consumer spending US fiscal impulse EZ inflation are still holding for now. For how long EZ will be in deflation by the turn of the year (food deflation) but the US labour market is not breaking yet"  
[X Link](https://x.com/TheNorthernH/status/1709212469367849414)  2023-10-03T14:23Z [---] followers, [---] engagements


"Sampo demerged this week life & wealth management unit Mandatum (#MANTA). Valued 1.7bn for 1.6bn in equity 125M/y in fee profit and exp. 150M/y in dividends. B/s has 14bn in assets mostly 11bn AuM and 4bn prop invested 30%/IG 30%/HY corp. bonds 15% EQ and 10% cash"  
[X Link](https://x.com/TheNorthernH/status/1709937472485109776)  2023-10-05T14:23Z [---] followers, [---] engagements


"@backoftheenvelo I might be wrong but I think Sampo was willing to cut its exposure to long duration (If portfolio [---] vs Mandatum portfolio 8) just as credit spreads are widening offering an exit liquidity possibility to the shareholders who want it"  
[X Link](https://x.com/TheNorthernH/status/1711297784102502660)  2023-10-09T08:29Z [---] followers, [---] engagements


"🚩German commercial REIT Deutsche Konsum #DKG postponed its RE valuation cycle to Q3 [----]. 2nd main shareholder did not make the 62M promised payment by Q3 [----]. The company needs to repay 22M in Q4 [----] 100M in Q2 [----] has 10M in cash and generates 4M FCF/q"  
[X Link](https://x.com/TheNorthernH/status/1713542205808287811)  2023-10-15T13:07Z [---] followers, [---] engagements


"@TexasOncologist @INArteCarloDoss @exfactorbass China dumping + billions for Ukraine/Israel + manufacturing employment not breaking = higher rates"  
[X Link](https://x.com/TheNorthernH/status/1714125560773759104)  2023-10-17T03:45Z [---] followers, [---] engagements


"@INArteCarloDoss Demand out for logistics RE but Prologis $PLD #PLD debt structure is fine for now next significant debt maturity only in [----] and most of the debt is fixed rate"  
[X Link](https://x.com/TheNorthernH/status/1715604264762941844)  2023-10-21T05:41Z [---] followers, [---] engagements


"@INArteCarloDoss A rough approximation of deflation would be Q2 '24 as EZ inflation is all about food inflation and will become [--] in Q2 '24. Oct '08 was first cut with inflation 3.2%. A cut between Dec-Feb might not be completely out of question as inflation will already be 2% by then"  
[X Link](https://x.com/TheNorthernH/status/1717545316071747979)  2023-10-26T14:14Z [---] followers, [--] engagements


"@Credit_Junk De-synchronization will last until November print after that EU inflation might be back up as energy prices will not contribute so much negatively any more"  
[X Link](https://x.com/TheNorthernH/status/1719732357656166597)  2023-11-01T15:05Z [---] followers, [--] engagements


"(1/2) Oil is a seasonally weak pattern and could drive bond yields lower. But if it stays in the $65-72 range beg. of [----] energy might stop contributing so negatively to inflation making CBs' job tougher. Growth tail risk is on the table but w/o a burst in unemployment"  
[X Link](https://x.com/TheNorthernH/status/1722316616321405139)  2023-11-08T18:14Z [---] followers, [---] engagements


"(2/2) . growth might just be subdued and not collapsing. The massive destocking that happened in the value chain for some products (e.g. packaging copper China) will be followed by some restocking rarely deflationary. Could recessionary bets be a bit premature"  
[X Link](https://x.com/TheNorthernH/status/1722319223551099287)  2023-11-08T18:24Z [---] followers, [--] engagements


"@OliverRakau May I ask what is included in core-core Possibly rents/mortgages electricity goods healthcare transportation recreation education hotels"  
[X Link](https://x.com/TheNorthernH/status/1729886839388111100)  2023-11-29T15:35Z [---] followers, [--] engagements


"@simon_ree So we may have reached the bottom we had in '09 What if it inflects from here could be inflationary going forward #CNYUSD is giving some headroom for China to stimulate (albeit slightly)"  
[X Link](https://x.com/TheNorthernH/status/1730239822625640642)  2023-11-30T14:58Z [---] followers, [---] engagements


"@AyeshaTariq Isnt it purely thanks to risk assets outperforming"  
[X Link](https://x.com/TheNorthernH/status/1731390243272601832)  2023-12-03T19:09Z [---] followers, [---] engagements


"@8StringerBell8 @maxjanderson Often nowadays it conveniently excludes financial costs as if they had no impact on cash flow"  
[X Link](https://x.com/TheNorthernH/status/1733887387044921740)  2023-12-10T16:32Z [---] followers, [--] engagements


"@Vmaxpax @Edark94 It might be premature a *lot* of cuts are priced in for next year. Energy + shelter do not point to lower inflation just yet"  
[X Link](https://x.com/TheNorthernH/status/1735353061512507407)  2023-12-14T17:36Z [---] followers, [--] engagements


"@Vmaxpax @Edark94 Yep that's a very nice new indicator I fully agree and it's been my thesis for a while now. Many inventories are low (packaging steel copper China). EZ PMIs have inflected. People have forgotten [----] and jumped into 2008"  
[X Link](https://x.com/TheNorthernH/status/1735357272505581600)  2023-12-14T17:53Z [---] followers, [--] engagements


"@PauloMacro @INArteCarloDoss Chicago PMI At least steel packaging and copper China inventories are at historically lows"  
[X Link](https://x.com/TheNorthernH/status/1735731548450586957)  2023-12-15T18:40Z [---] followers, [----] engagements


"@f_wintersberger @AvidCommentator What if EU PPI PMI and CPI are actually bottoming There's no "collapse" as of yet. Activity is only subdued close to the [--] mark (see Chicago PMI). EU UR is not materially affecting demand. Nothing warrants a rate cut in the close future. The pain may last longer"  
[X Link](https://x.com/TheNorthernH/status/1736748399230398687)  2023-12-18T14:01Z [---] followers, [--] engagements


"$CNYUSD strength in the past [--] months give China some room for stimulating. $HSI may be forming a hammering candle in December while $HG has recaptured its 2020-2022 support"  
[X Link](https://x.com/TheNorthernH/status/1740449562500935684)  2023-12-28T19:08Z [---] followers, [---] engagements


"@PauloMacro Also China export prices at ATL usually an important inflection point (historically a bottom). $CNYUSD giving some room for China to stimulate. Can't really get more juice from deflationary forces here especially as companies have massively destocked during '23"  
[X Link](https://x.com/TheNorthernH/status/1740455458882613502)  2023-12-28T19:31Z [---] followers, [---] engagements


"@SirOfFinance Everyone on the long side of the bond trade is in for a little hangover. PMIs bottoming job openings stabilizing U-claims inflecting lower. Korean exports accelerating China service PMI accelerating [--]. Red sea good scapegoat for reason why inflation is back"  
[X Link](https://x.com/anyuser/status/1742913840604660181)  2024-01-04T14:20Z [--] followers, [---] engagements


"@hkeskiva Porsche -35%"  
[X Link](https://x.com/TheNorthernH/status/1742951081070432605)  2024-01-04T16:48Z [---] followers, [---] engagements


"@backoftheenvelo Timing for EU is far from certain. Inflation is back (energy base effects disappearing) PMIs/PPI have bottomed UR not moving. Nothing warrants a rate cut as of yet. However the refinancing wall of [----] (e.g. RE esp. CRE) will have consequences"  
[X Link](https://x.com/TheNorthernH/status/1743654719799652590)  2024-01-06T15:24Z [---] followers, [--] engagements


"@INArteCarloDoss Was a good sales speech in Dec Fed won't move just right now restocking + freight revival will prevent any rate cut for the time being. At least Christine is showing some leadership on that"  
[X Link](https://x.com/TheNorthernH/status/1750557583507677609)  2024-01-25T16:33Z [---] followers, [---] engagements


"US Continuous claims remain at an historically extremely low level. With consumer spending still propelling the economy there are little recessionary signs in the data after PMIs kept moving higher last week. Are US rates going higher #bonds #rates #inflation"  
[X Link](https://x.com/TheNorthernH/status/1751207196451385371)  2024-01-27T11:35Z [---] followers, [--] engagements


"@CavaggioniMario A similar claim from [----] got overruled later by the Supreme Court and the final award was c. $100m. Bayer has provisioned 8.4bn til q3 '23 the bulk of it being glyphosate-related so the impact on equity may have already happened"  
[X Link](https://x.com/TheNorthernH/status/1752036019568791913)  2024-01-29T18:28Z [---] followers, [--] engagements


"🍞 US food CPI is fairly correlated with PPI fertilizer manufacturing and PPI YoY just bottomed and inflected higher. Given the 8-month lag in the current cycle we expect food CPI to bottom now in q1 [----] and contribute positively again to CPI starting August [----]. 📷"  
[X Link](https://x.com/TheNorthernH/status/1754803619554291921)  2024-02-06T09:46Z [---] followers, [--] engagements


"Power supplier #Fortum offers a 10% dividend yield. The company generated 1.7bn cash from operations in 2023/2022 commits 0.6bn capex/y and needs 1bn for dividends. In '08/'09 it generated 1-1.4bn/y FCF. In q4 generation profit is about the same Heat is losing money"  
[X Link](https://x.com/TheNorthernH/status/1755623180981453235)  2024-02-08T16:02Z [---] followers, [---] engagements


"Swedish RE developer Platzer #PLAZ-B focused on assets in Gothenburg was now able to compensate for higher interest costs with rental growth (+11% in q4) delivering a stable cash flow YoY and accelerating at SEK 150m/q. ST 12m debt is still SEK 6.2bn with SEK 170m in cash"  
[X Link](https://x.com/TheNorthernH/status/1757088734086873421)  2024-02-12T17:06Z [---] followers, [--] engagements


"@simon_ree @INArteCarloDoss If history is any guide it could very well be a hard landing. By St Louis Fed a paper from 2019: "the lower the level of the real interest rate at the time of inversion the longer or deeper the recession that follows a yield curve inversion""  
[X Link](https://x.com/TheNorthernH/status/1759267931345637413)  2024-02-18T17:25Z [---] followers, [----] engagements


"@INArteCarloDoss Its almost a dead case this #Nvidia since you have machine learning algorithms that nowadays outperform deep learning ones in terms of accuracy and training time even for images. The need for GPUs is overhyped when people realize they can do better faster with no GPUs"  
[X Link](https://x.com/TheNorthernH/status/1760247792755216440)  2024-02-21T10:19Z [---] followers, [----] engagements


"@bluewolfpack1 P/B [--] man new normal Free cash flow $27bn equity at $43bn market cap at $1.9T. You need 70y at the same FCF/y to recoup the current valuation. And it's a hardware tech company products will be obsolete in a few years (if not already as there are alternatives to GPUs) :-D"  
[X Link](https://x.com/TheNorthernH/status/1760704129691759068)  2024-02-22T16:32Z [---] followers, [--] engagements


"@INArteCarloDoss P/B [--] lol Free cash flow $27bn equity at $43bn market cap at $1.9T. You need 70y at the same FCF/y to recoup the current valuation. And it's a hardware tech company their products will be obsolete in a few years (if not already as there are alternatives to GPUs) :-D"  
[X Link](https://x.com/TheNorthernH/status/1760704662963937408)  2024-02-22T16:34Z [---] followers, [---] engagements


"Unemployment Rate in Finland and Sweden is ticking up YoY in January but in line with seasonality. It may indicate a higher summer peak later this year compared to [----] possibly 9-10% in Finland"  
[X Link](https://x.com/TheNorthernH/status/1766383785275191753)  2024-03-09T08:41Z [---] followers, [--] engagements


"@INArteCarloDoss Wise cat do you think the ECB may cut rates as GDP comes under pressure even as UR is still very low In [----] they cut rates while inflation was still around 3.2-3.6% well above target. CPI is now 2.6% and will head lower as food contribution (16% of basket) heads lower"  
[X Link](https://x.com/TheNorthernH/status/1771142849981022579)  2024-03-22T11:52Z [---] followers, [--] engagements


"@FinanceLancelot They use the Fed's discount window but data is only available quarterly. Any idea where it'd show up in the weekly Fed b/s statement"  
[X Link](https://x.com/TheNorthernH/status/1771144615464214543)  2024-03-22T11:59Z [---] followers, [---] engagements


"@FedGuy12 So the Fed may be using the $800bn in the TGA to keep LT bond yields in check possibly partly buying USTs China is selling to support the yuan"  
[X Link](https://x.com/TheNorthernH/status/1775579129607242208)  2024-04-03T17:40Z [---] followers, [--] engagements


"Dollar collections indicators have sharply dropped in April depicting cash flow issues and longer payment terms. Cash is not flowing any more smoothly compared to the second part of Q1"  
[X Link](https://x.com/TheNorthernH/status/1785366059320545455)  2024-04-30T17:50Z [---] followers, [---] engagements


"@SpecialSitsNews @amlivemon across the yield curve"  
[X Link](https://x.com/TheNorthernH/status/1785711001167356046)  2024-05-01T16:40Z [---] followers, [----] engagements


"@AndreasSteno UK GDP growth YoY has been at Q2 '08 level since Q4 '22 services still somehow holding the fort but manufacturing may very well have peaked"  
[X Link](https://x.com/TheNorthernH/status/1788463002208907437)  2024-05-09T06:56Z [---] followers, [---] engagements


"@r_walk7 @OffTheRunTrades Fed cut rates in [------] inflation accelerated til [------] so we could see US30Y go down despite inflation going up"  
[X Link](https://x.com/TheNorthernH/status/1788644222041485413)  2024-05-09T18:56Z [---] followers, [--] engagements


"@gamesblazer06 Do you think the Fed rate is still below the one damaging the economy On many metrics it's hard to see recession for now. Risk is being given a price again after the QE era madness. I personally believe in those upside risks to the Fed rate and it's totally under the radar"  
[X Link](https://x.com/TheNorthernH/status/1790062630775714197)  2024-05-13T16:52Z [---] followers, [--] engagements


"@CavaggioniMario Wen rate cut"  
[X Link](https://x.com/TheNorthernH/status/1790445675945070942)  2024-05-14T18:14Z [---] followers, [--] engagements


"@MichaelAArouet Debt is evil in Germany"  
[X Link](https://x.com/TheNorthernH/status/1792562803246579756)  2024-05-20T14:27Z [---] followers, [--] engagements


"@joosteninvestor @FactSet The LTM FCF trend for $META $GOOG and $MSFT is perfectly aligned while $AAPL does not look as good. $NVDA currently outperforming the quatuor in terms of growth. Lots of expectations on those names to keep fueling the market"  
[X Link](https://x.com/TheNorthernH/status/1814915361541681279)  2024-07-21T06:48Z [---] followers, [--] engagements


"@CavaggioniMario In [----] one very clear LVMH $MC monthly candle was showing warning signs well ahead of the September market sell-off. When luxury brands struggle the economy is often already in a dire state. Will history repeats"  
[X Link](https://x.com/TheNorthernH/status/1816161607656813016)  2024-07-24T17:20Z [---] followers, [--] engagements


"Is the tech sector inflecting lower $GOOG's FCF LTM has turned downwards in 2024Q2 after peaking 2023Q3 while $AAPL's FCF LTM has been down since peaking 2022Q4. What about $MSFT and $META $NVDA's growth QoQ is already expected to slow down in coming quarter (18%-8%)"  
[X Link](https://x.com/TheNorthernH/status/1816324086684930421)  2024-07-25T04:06Z [---] followers, [---] engagements


"@SmartReversals It very well may be swinging from a free cash flow perspective at least for some names. Is the tech sector inflecting lower $GOOG's FCF LTM has turned downwards in 2024Q2 after peaking 2023Q3 while $AAPL's FCF LTM has been down since peaking 2022Q4. What about $MSFT and $META $NVDA's growth QoQ is already expected to slow down in coming quarter (18%-8%). https://t.co/u3WVij8z7v Is the tech sector inflecting lower $GOOG's FCF LTM has turned downwards in 2024Q2 after peaking 2023Q3 while $AAPL's FCF LTM has been down since peaking 2022Q4. What about $MSFT and $META $NVDA's"  
[X Link](https://x.com/TheNorthernH/status/1817398915529896051)  2024-07-28T03:17Z [---] followers, [--] engagements


"@topimanu @hkeskiva Makes sense $GOOG has significantly upped its Capex last 2q. https://www.tomshardware.com/tech-industry/artificial-intelligence/apple-skips-nvidias-gpus-for-its-ai-models-uses-thousands-of-google-tpus-instead https://www.tomshardware.com/tech-industry/artificial-intelligence/apple-skips-nvidias-gpus-for-its-ai-models-uses-thousands-of-google-tpus-instead"  
[X Link](https://x.com/TheNorthernH/status/1819294818842906719)  2024-08-02T08:51Z [---] followers, [--] engagements


"@topimanu @hkeskiva Cf. $GOOG earnings call Q4 '23 For reference Capex '23: $32bn Capex '24: $25bn (to date)"  
[X Link](https://x.com/TheNorthernH/status/1819297561703797060)  2024-08-02T09:01Z [---] followers, [--] engagements


"@darioperkins Big tech's FCF LTM still looking good and *may* hold the fort for now. $AAPL decisively up Q3/Q2 (peculiar lower CapEx) $GOOG building capacity (higher CapEx) $MSFT doing the job. $NVDA's growth is expected to normalize"  
[X Link](https://x.com/TheNorthernH/status/1819328414404288640)  2024-08-02T11:04Z [---] followers, [---] engagements


"$VIX [--] (third print ever) $ES *only* down -5% The market seems quite resilient. Let's see if the volatility regime is changing (sustainably higher like 2.2022-11.2022 above 20) or if it was a one-off. #selloff #RecessionFears"  
[X Link](https://x.com/TheNorthernH/status/1820486596732604571)  2024-08-05T15:46Z [---] followers, [--] engagements


"Finnish unemployment still in line with seasonality in July. Deterioration happened in March but has not widened since then. Unemployment rate likely to keep going up as the labor force shrinks with the same amount of unemployed (70k retiring/y vs. 60k entering the workforce)"  
[X Link](https://x.com/TheNorthernH/status/1825945699906916659)  2024-08-20T17:19Z [---] followers, [--] engagements


"#Kamux kept its outlook for [----] last Friday despite a bad Q2 and a flat YoY H1. We may assume that the management has enough data points after [---] months into peak season Q3 to back its statement. CEO + board member bought for 240k shares in the past [--] days. #usedcar"  
[X Link](https://x.com/TheNorthernH/status/1825948540125982947)  2024-08-20T17:30Z [---] followers, [--] engagements


"@hkeskiva Interestingly the revenue guidance for q3 [--] is decent (if history repeats they should beat by $2bn for +13% QoQ growth vs +15%/q2). Expenses are higher due to provisions (likely to reverse) & higher share of new products. I would not discard a good beat of consensus in q3. $NVDA"  
[X Link](https://x.com/TheNorthernH/status/1829182838006251868)  2024-08-29T15:42Z [---] followers, [---] engagements


"@lord_fed They are underweight as FCF LTM looks toppy around $330bn for the top [--]. $NVDA may beat q3 expectations though $MSFT doing the job but $META and $AAPL do not look that great trend-wise. $GOOG still having increased Capex throughout [----] that will weigh on FCF"  
[X Link](https://x.com/TheNorthernH/status/1829207853393195486)  2024-08-29T17:21Z [---] followers, [---] engagements


"@Econ_Parker Very slow deterioration indeed (labor force is 10% bigger than 2008). During fall we'll have a better colour on how fast the deterioration is actually progressing. So far so good I'd say"  
[X Link](https://x.com/TheNorthernH/status/1829209778436092197)  2024-08-29T17:29Z [---] followers, [---] engagements


"@agnostoxxx Excellent points. In [----] oil rocketed while unemployment and the stock bear market were accelerating before being dumped hard. Back then after the Fed's first rate cut $USOIL gained +75%. Bis repetita https://x.com/TheNorthernH/status/1728783462000185619 📸Flashback to [----]. Fed stops hiking [------]. US inflation goes back to target [-------] (1.3%). LT yields follow. Oil bottoms [------] ($50) and inflect higher. Inflation is back. Fed cuts rates in [------]. Market tops [-------]. Oil/inflation go bananas til [------]. Then the collapse. https://t.co/rhMsVUBnkp"  
[X Link](https://x.com/TheNorthernH/status/1834945675315835043)  2024-09-14T13:21Z [---] followers, [---] engagements


"@jefke00 @backoftheenvelo Kone can be added to the list (elevators oligopoly) Nokian tyres (premium winter tires expanding to all-season) Kemira/Huhtamki (forestry value chain upstream and downstream). Finland has many global players who are best un class in their field"  
[X Link](https://x.com/TheNorthernH/status/1847639018743210214)  2024-10-19T14:00Z [---] followers, [---] engagements


"Free cash flow LTM seems to have peaked for $MSFT and $META while $AAPL is still in an established downtrend since Q3 [----]. $GOOG normalizing due to massive CapEx this year. What will $NVDA do as Korean exports have started to slow down significantly"  
[X Link](https://x.com/TheNorthernH/status/1852643403193803027)  2024-11-02T09:26Z [---] followers, [---] engagements


"$NVDIA crushing it higher FCF LTM than $GOOG and $META. Growth for Q4 expected to slow down to +13% QoQ"  
[X Link](https://x.com/TheNorthernH/status/1859653377501823461)  2024-11-21T17:41Z [---] followers, [---] engagements


"@hkeskiva @NVIDA crushed it +17% QoQ growth with expected +13% QoQ in Q4. FCF LTM now higher than $GOOG and $META. Consensus beat across the board but guidance cautious. https://x.com/ConsensusGurus/status/1859348569544654967 Lacking Juice - Nvidia $NVDA Earnings Recap Another outstanding print but lacking the typical upside juice as we look into 4Q - with revenues only 1% ahead and a disappointing operating margin forecast. Stock -4% in response. https://t.co/mFWVQ9LIrp https://x.com/ConsensusGurus/status/1859348569544654967 Lacking Juice - Nvidia $NVDA Earnings Recap Another outstanding"  
[X Link](https://x.com/TheNorthernH/status/1859654807134536167)  2024-11-21T17:47Z [---] followers, [--] engagements


"⚠Local Finnish bank OP is freezing [--] real-estate funds redemptions (c. 100M AuM: OP-Palvelukiinteistt & OP-Vuokratuotto) due to an illiquid RE market in order to avoid a massive haircut on the funds NAV. https://www.is.fi/taloussanomat/art-2000010938987.html https://www.is.fi/taloussanomat/art-2000010938987.html"  
[X Link](https://x.com/TheNorthernH/status/1875155268880965985)  2025-01-03T12:20Z [---] followers, [--] engagements


"@dmytro_petryna @ShenLon61785835 the winter tire that we supply from our own factories in Nokia are going to North America. And then of course North America then is self-sufficient when we talk about the other part of the range. But all the winter tires are today supplied by our factory in Nokia in Finland"  
[X Link](https://x.com/TheNorthernH/status/1886964533513634071)  2025-02-05T02:26Z [---] followers, [--] engagements


"@jupiters_string $760bn https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html"  
[X Link](https://x.com/TheNorthernH/status/1911269283470213345)  2025-04-13T04:04Z [---] followers, [---] engagements


"Flashback to 2008: LVMH $MC drops from [--] to [--] between [-------] and [-------] (-54%). Now LVMH topped in [------] (885) and sits now at [---] (-45%). Are we getting closer to a bottom or how low can it still get P/E [--] historically low"  
[X Link](https://x.com/TheNorthernH/status/1912546236894228688)  2025-04-16T16:38Z [---] followers, [---] engagements


"@Snaggy685806 @grok can you confirm jim cramer said so"  
[X Link](https://x.com/TheNorthernH/status/1928076739734909142)  2025-05-29T13:11Z [---] followers, [--] engagements


"@backoftheenvelo Look at $OXY as well cheap atm vs VWAP paid by Berkshire"  
[X Link](https://x.com/TheNorthernH/status/1930333115089858731)  2025-06-04T18:37Z [---] followers, [--] engagements


"@AbhiUnchained $UNH Conveniently the new CEO just bought 600k options with strike $308 and exercisable date [-------]. Seems to match your timeframe"  
[X Link](https://x.com/TheNorthernH/status/1932044147948454253)  2025-06-09T11:56Z [---] followers, [----] engagements


"@AbhiUnchained $UNH Conveniently the new CEO bought 600k options on 5/14 with strike $308 and exercisable date 10/2028. Seems to match your timeframe"  
[X Link](https://x.com/TheNorthernH/status/1932138303551111231)  2025-06-09T18:10Z [---] followers, [----] engagements


"@Globalflows I'd nuance that due to incoming revisions the NFP data is probably lower than disclosed: the dislocation of the job market may be on the verge to happen. The process seems very slow though probably due to many people locked in at a very low mortgage rate"  
[X Link](https://x.com/TheNorthernH/status/1932840345055764496)  2025-06-11T16:40Z [---] followers, [--] engagements


"@DeepIceValue @grok can you confirm this"  
[X Link](https://x.com/TheNorthernH/status/1934829737718763869)  2025-06-17T04:25Z [---] followers, [---] engagements


"@zerohedge @grok compare this to [----] rates"  
[X Link](https://x.com/TheNorthernH/status/1935872408571027657)  2025-06-20T01:28Z [---] followers, [--] engagements


"@backoftheenvelo Do you possibly own Occidental Petroleum $OXY They can ship from their Oman fields w/o the need to go through Hormuz"  
[X Link](https://x.com/TheNorthernH/status/1936818444055261388)  2025-06-22T16:07Z [---] followers, [---] engagements


"@backoftheenvelo For $OXY I am biased coz I own the stock was thinking of adding more end of the week and did not do it 😅 They also have an interesting chemicals biz on top of classic O&G"  
[X Link](https://x.com/TheNorthernH/status/1936828806167236880)  2025-06-22T16:49Z [---] followers, [---] engagements


"@TribeRuffner $UNH Support line holding for now higher low confirmed at $295"  
[X Link](https://x.com/TheNorthernH/status/1937753849546027388)  2025-06-25T06:04Z [---] followers, [---] engagements


"@amlivemon the gig economy is delaying the burst in unemployment for now"  
[X Link](https://x.com/TheNorthernH/status/1937913044085960763)  2025-06-25T16:37Z [---] followers, [---] engagements


"@CyQoTek @amlivemon Very good point 👍And that's the thing: when people who did several gig jobs apply for unemployment they get rejected and do not show in unemployment statistics. Impact hard to quantify but not negligible given the amount of people cumulating several jobs this way"  
[X Link](https://x.com/TheNorthernH/status/1937917683082924331)  2025-06-25T16:55Z [---] followers, [--] engagements


"$UNH UnitedHealth Group 1H chart: bouncing on former resistance recapture + breakout confirmation"  
[X Link](https://x.com/TheNorthernH/status/1938292313026896149)  2025-06-26T17:44Z [---] followers, [---] engagements


"@amlivemon Outlook revisions just started e.g. $CON"  
[X Link](https://x.com/TheNorthernH/status/1938534979006292068)  2025-06-27T09:48Z [---] followers, [--] engagements


"@CavaggioniMario Looks like also internal deflation coming to Sweden in the coming months as house prices are expected t ofall https://x.com/MikaelSarwe/status/1938146676075598304 The most disturbing chart from the NIER survey. Real estate agents basically warn about a tough autumn and winter for house prices. https://t.co/hRSECbh4BA https://x.com/MikaelSarwe/status/1938146676075598304 The most disturbing chart from the NIER survey. Real estate agents basically warn about a tough autumn and winter for house prices. https://t.co/hRSECbh4BA"  
[X Link](https://x.com/TheNorthernH/status/1938588310311748054)  2025-06-27T13:20Z [---] followers, [--] engagements


"@CyQoTek Fiscal dominance is the new norm apparently"  
[X Link](https://x.com/TheNorthernH/status/1940823187501330435)  2025-07-03T17:21Z [---] followers, [--] engagements


"@takis2910 @amlivemon And it'd be funny if oil demand was actually stronger than consensus (e.g. China: retail sales +6% YoY housing slowly inflecting higher CNYUSD giving some room to maneuver). There's still spare capacity (Saudis 3Mbpd UAE 1Mbpd) hence oil upside may be limited (for now)"  
[X Link](https://x.com/TheNorthernH/status/1941549238518940064)  2025-07-05T17:26Z [---] followers, [--] engagements


"@hkeskiva What about now (market cap $47bn vs. $68bn worth of fixed assets) Equity at $35bn with FCF at $5bn/y"  
[X Link](https://x.com/TheNorthernH/status/1942119321863430147)  2025-07-07T07:11Z [---] followers, [--] engagements


"@Globalflows The excellent @VincentDeluard argues the Fed will likely choose inflation over recession. I believe equities will dip once rates reprice and near-term cuts are taken off the table. https://www.youtube.com/watchv=gE1FPn-lSt8 https://www.youtube.com/watchv=gE1FPn-lSt8"  
[X Link](https://x.com/TheNorthernH/status/1942579729149661232)  2025-07-08T13:41Z [---] followers, [---] engagements


"@jimcramer Go Finland @backoftheenvelo @hkeskiva @Jeppez420 @JuhoKostiainen"  
[X Link](https://x.com/TheNorthernH/status/1942774983643562370)  2025-07-09T02:37Z [---] followers, [---] engagements


"@backoftheenvelo $PEP"  
[X Link](https://x.com/TheNorthernH/status/1943367824220569919)  2025-07-10T17:52Z [---] followers, [--] engagements


"@SirOfFinance Rates are accomodative"  
[X Link](https://x.com/TheNorthernH/status/1943693294212391136)  2025-07-11T15:26Z [---] followers, [--] engagements


"@SirOfFinance On that topic I recommend the recent podcasts where Vincent Deluard was invited his thesis: the Fed will choose inflation over recession. It aligns well with current job market trends (seasonality of rising claims) and overall increasing liquidity. https://www.youtube.com/watchv=gE1FPn-lSt8 https://www.youtube.com/watchv=gE1FPn-lSt8"  
[X Link](https://x.com/TheNorthernH/status/1943696845269553415)  2025-07-11T15:40Z [---] followers, [--] engagements


"#Gold leads #Oil and a high Gold/Oil ratio is usually bullish for oil. Are we on the verge of a massive bull run for oil $XAUUSD $USOIL $WTI"  
[X Link](https://x.com/TheNorthernH/status/1943732230460715329)  2025-07-11T18:00Z [---] followers, [---] engagements


"@KobeissiLetter Impact of tariffs YoY is only +20bn for June budget. Biggest YoY changes are: (receipts) individual taxes +50bn (receipts) corporate taxes -14bn (outlays) education -80bn. #budget #unitedstates"  
[X Link](https://x.com/TheNorthernH/status/1943737868494536906)  2025-07-11T18:23Z [---] followers, [--] engagements


"Hot take: the US may be "forced" to crash parts of the economy thanks to high(er) tariffs in order to avoid hyperinflation. When you look at #Gold #Silver #Copper #Palladium they all tell the same story: inflation is coming back in a massive way. #XAGUSD #XAUUSD #HG"  
[X Link](https://x.com/TheNorthernH/status/1944428520714739903)  2025-07-13T16:07Z [---] followers, [---] engagements


"China's PPI has been negative for several years now exporting deflation around the globe and mitigating the impact of higher copper/gold/silver prices. Imagine if China had [--] PPI we'd already be in a clear hyperinflationary cycle. Now it's more subtle"  
[X Link](https://x.com/TheNorthernH/status/1944429429188354549)  2025-07-13T16:11Z [---] followers, [--] engagements


"@patientinvestt $OSCR They have risk management issues see their statement: "overall ACA Marketplace risk scores a measure of the average morbidity of the market have increased by more than the Companys prior estimates." Are they proficient in the insurance business"  
[X Link](https://x.com/TheNorthernH/status/1947722168734744847)  2025-07-22T18:15Z [---] followers, [---] engagements


"@jupiters_string @spaghettilisbon What happens to $XAUUSD $XAGUSD $HG $CL #inflation when Chinese consumer wakes up"  
[X Link](https://x.com/TheNorthernH/status/1948020216073793721)  2025-07-23T13:59Z [---] followers, [---] engagements


"Credit Manager Index CMI still far from recessionary levels (sub 50) and trending upward. #recession"  
[X Link](https://x.com/TheNorthernH/status/1948422972735132021)  2025-07-24T16:40Z [---] followers, [---] engagements


"@Citrini7 @snowmanllc No idea how it works in detail but $CSPR director bought $55M worth of shares a few days ago so it is probably not too bad of a tech https://ir.crisprtx.com/static-files/49689309-ce0a-48b5-92a8-aa74f69f1021 https://ir.crisprtx.com/static-files/49689309-ce0a-48b5-92a8-aa74f69f1021"  
[X Link](https://x.com/TheNorthernH/status/1948436792002167238)  2025-07-24T17:35Z [---] followers, [---] engagements


"@FedGuy12 @BickerinBrattle At least in recent history US02Y leads Fed rate. Obviously the Fed's role is to manage expectations so the 2Y also reacts to what the Fed chair says (or omits). The 2Y always listens to what JPow has to say but can be capricious sometimes"  
[X Link](https://x.com/TheNorthernH/status/1951991754384650400)  2025-08-03T13:01Z [---] followers, [---] engagements


"ACA premiums likely to increase significantly in [----] with submitted median rate filings standing at +18%. $UNH $ELV $CNC $CI $MOH $OSCR https://www.healthsystemtracker.org/brief/how-much-and-why-aca-marketplace-premiums-are-going-up-in-2026/#Distribution%20of%20proposed%202026%20rate%20changes%20among%20312%20ACA%20Marketplace%20insurers https://www.healthsystemtracker.org/brief/how-much-and-why-aca-marketplace-premiums-are-going-up-in-2026/#Distribution%20of%20proposed%202026%20rate%20changes%20among%20312%20ACA%20Marketplace%20insurers"  
[X Link](https://x.com/TheNorthernH/status/1955615321315758446)  2025-08-13T13:00Z [---] followers, [---] engagements


"For reference approved rates in [----] aligned closely with the requested rates (median was +6%) $UNH $ELV $CNC $CI $MOH $OSCR"  
[X Link](https://x.com/TheNorthernH/status/1955618452129059112)  2025-08-13T13:12Z [---] followers, [---] engagements


"@SoJustFollowMe What about $TGT Sitting on [---] SMA"  
[X Link](https://x.com/TheNorthernH/status/1960011629111754755)  2025-08-25T16:09Z [---] followers, [--] engagements


"@SoJustFollowMe @SmedleyButlerUS Tough call imo bonds were meant to overshoot to the downside due to accelerating growth but tariffs ruling may be deflationary (good for bonds) while cutting gov income (bad for bonds). Im neutral waiting for direction and clarity"  
[X Link](https://x.com/TheNorthernH/status/1962039842902098212)  2025-08-31T06:28Z [---] followers, [--] engagements


"@quantshitpost $TGT sitting on its monthly [---] sma. Not financial advice"  
[X Link](https://x.com/TheNorthernH/status/1963649074420187473)  2025-09-04T17:03Z [---] followers, [--] engagements


"@patientinvestt What about $TGT $UPS"  
[X Link](https://x.com/TheNorthernH/status/1964539225766056061)  2025-09-07T04:00Z [---] followers, [----] engagements


"@patientinvestt $TGT revenue by BU is holding well except clothing (tariffs) and home furnishing (real estate frozen). 50% of sourcing from China impacted by tariffs. $UPS doing a massive network reorganization (e.g. cutting supply to $AMZN). All those sound temporary as the industry adjusts"  
[X Link](https://x.com/TheNorthernH/status/1964633174488797238)  2025-09-07T10:13Z [---] followers, [---] engagements


"@chessNwine In the uranium space I like $GLO valued 211M for an equity of 247M"  
[X Link](https://x.com/TheNorthernH/status/1965810910091710742)  2025-09-10T16:13Z [---] followers, [----] engagements


"@themetaisok @CooperRichmond0 @fodacyjosh In my understanding $SONN does not have the 12.6mil HYPE yet. The newly created entity $HSI will own them once the business combination with Rorschach closes. https://www.sonnetbio.com/investors/news-events/press-releases/detail/127/sonnet-biotherapeutics-inc-announces-888-million https://www.sonnetbio.com/investors/news-events/press-releases/detail/127/sonnet-biotherapeutics-inc-announces-888-million"  
[X Link](https://x.com/TheNorthernH/status/1966144615502983422)  2025-09-11T14:19Z [---] followers, [--] engagements


"@Globalflows $SONN may also be an interesting play regarding Hyperliquid $HYPE $USDH"  
[X Link](https://x.com/TheNorthernH/status/1966430222720356846)  2025-09-12T09:14Z [---] followers, [---] engagements


"@gaghiz @Globalflows Correct but still the hype is gaining momentum. Paypal looking at Hyperliquid $SONN and partners too. $HYPE $USDH"  
[X Link](https://x.com/TheNorthernH/status/1966430933139202132)  2025-09-12T09:17Z [---] followers, [--] engagements


"@Jeppez420 When do you start a fund I have some spare money waiting to be jeppezed 😜"  
[X Link](https://x.com/TheNorthernH/status/1966909144059011465)  2025-09-13T16:57Z [---] followers, [----] engagements


"@themetaisok @CooperRichmond0 @fodacyjosh Yep the big precision is that those $HYPE tokens are already acquired so this will not create buying tailwind. Obviously however the remaining cash will contribute somehow"  
[X Link](https://x.com/TheNorthernH/status/1966910723164172431)  2025-09-13T17:03Z [---] followers, [--] engagements


"@DegenLaneCap mNAV [---] is a bit high for crypto but as $HYPE is getting traction it could possibly make sense Current valuation of $HYPD implies that $HYPE token will do x5/x6"  
[X Link](https://x.com/TheNorthernH/status/1968343788721750290)  2025-09-17T15:58Z [---] followers, [---] engagements


"@MavenHL However possible inflection point yesterday close to 4M with $HYPE gaining 5% Today @HyperliquidX generated $4.1m in fees. And you're still farming points hoping for a handout. Cute. Hyperliquid. https://t.co/lvWouxoYqn Today @HyperliquidX generated $4.1m in fees. And you're still farming points hoping for a handout. Cute. Hyperliquid. https://t.co/lvWouxoYqn"  
[X Link](https://x.com/TheNorthernH/status/1968563938754236561)  2025-09-18T06:33Z [---] followers, [--] engagements


"@Globalflows Canary in the coal mine: Coinbase now challenging Hyperliquid main biz Our AVNT-PERP WLFI-PERP SKY-PERP and CRO-PERP markets are in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit market stop and stop limit orders are all now available. Our AVNT-PERP WLFI-PERP SKY-PERP and CRO-PERP markets are in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit market stop and stop limit orders are all now available"  
[X Link](https://x.com/TheNorthernH/status/1969635441075728436)  2025-09-21T05:30Z [---] followers, [---] engagements


"@Globalflows There's so many people locked at low housing rates that the comparison with [----] is hard. Supply is growing much faster than demand in some pockets prices will adjust but there's also a lot of people who delayed purchases and need more space for family. https://www.bnnbloomberg.ca/business/real-estate/2025/09/24/more-first-time-homebuyers-entering-housing-market-as-prices-dwindle-study/ https://www.bnnbloomberg.ca/business/real-estate/2025/09/24/more-first-time-homebuyers-entering-housing-market-as-prices-dwindle-study/"  
[X Link](https://x.com/TheNorthernH/status/1971998357603361038)  2025-09-27T18:00Z [---] followers, [---] engagements


"In recent history a sharper deterioration of the US trade balance has been associated with faster meltups in stocks until some unsustainable point (3.2022 3.2025). What if the US trade balance now points to more $ going abroad & need to move back into US stocks (or bonds)"  
[X Link](https://x.com/TheNorthernH/status/1974535872440922510)  2025-10-04T18:03Z [---] followers, [--] engagements


"@TheLastDegree Silver quotation about to move to Shanghai and be denominated in yuan"  
[X Link](https://x.com/TheNorthernH/status/1976562963558564201)  2025-10-10T08:18Z [---] followers, [---] engagements


"@CavaggioniMario They are happy with massive trade surplus I guess muttering domestic consumption"  
[X Link](https://x.com/TheNorthernH/status/1978358432223596921)  2025-10-15T07:13Z [---] followers, [--] engagements


"@backoftheenvelo Biased view: my only stock in portfolio for now is $VAC looks much undervalued at $1.6bn vs $2.4bn book value. Premium consumer segment major shareholder bought for $50M at $68 earlier this year how low can this go. Not financial advice DYODD😈"  
[X Link](https://x.com/TheNorthernH/status/1987549256815636890)  2025-11-09T15:54Z [---] followers, [---] engagements


"@DVSignals Kamoa-Kakula mine from $IVN is back online though should increase supply"  
[X Link](https://x.com/TheNorthernH/status/2003812309291208773)  2025-12-24T12:57Z [---] followers, [---] engagements


"@airic101 Now look at the valuation of $SPMC.v that also has 4Moz gold 😉 30M vs 353M for $MFG.v. PNG discount 🤔 Probably both undervalued one more than the other https://x.com/TheNorthernH/status/2013948190525890933s=20 @tufffy93 @ardent_investor Any thoughts on South Pacific Metals $SPMC.v [--] Au-Cu projects in PNG one with resources of 4Moz AuEq all surrounded by majors 30M CAD MC. Impressive grades for rock samplings (21% Cu 14g/t Au 400-800g/t Ag) and drilling starting this month. Management sounds very credible. https://x.com/TheNorthernH/status/2013948190525890933s=20 @tufffy93"  
[X Link](https://x.com/TheNorthernH/status/2014338451382870438)  2026-01-22T14:04Z [---] followers, [--] engagements


"@Milinkoeterno Any thought on Spartan Metals $W.v Old WW1 US deposit with massive grade drilling as we speak to expand resources polymetallic deposit so upside from e.g. silver (CRD target) rubidium. Possible massive upside when they grow resources imho. #tungsten"  
[X Link](https://x.com/TheNorthernH/status/2016568418044907614)  2026-01-28T17:45Z [---] followers, [---] engagements


"@maxjanderson Last year TGA balance was $58bn on 15.12.2021 and $284bn on 29.12.2021. Liquidity could possibly be withdrawn at the very last moment of q4"  
[X Link](https://x.com/TheNorthernH/status/1588948899188080641)  2022-11-05T17:38Z [---] followers, [--] engagements


"@FinanceLancelot BTFP is stable for now ($108bn) while OCE has been heading downwards for a while now ($134bn now). #KRE/#HYG looking ok. The pain seems controlled for now"  
[X Link](https://x.com/TheNorthernH/status/1701621132766347301)  2023-09-12T15:37Z [---] followers, [---] engagements


"EU area's banks NPL ratio is historically low (1.8% at 345bn) but slightly rising in recent quarters. EU banks have a CET1 ratio at 16% with NIIR at 61% of operating income. For "less significant institutions" NPL ratio has been inflecting higher but still low at 1.8%"  
[X Link](https://x.com/TheNorthernH/status/1761728362668544174)  2024-02-25T12:22Z [---] followers, [--] engagements


"@backoftheenvelo Agreed the dark clouds may be the US atm + shift to all-year tires (less profitable). Most shorted stock in Helsinki"  
[X Link](https://x.com/TheNorthernH/status/1790446696838644189)  2024-05-14T18:18Z [---] followers, [--] engagements


"Nokian tyres $TYRES posted a worse Q2 YoY (profit 0.8M vs 1.8M) but at breakeven while stating that "Raw material cost is expected to start gradually increasing in the second half of 2024" likely putting pressure on a decreasing gross margin (19.7% vs 20.7%)"  
[X Link](https://x.com/TheNorthernH/status/1814256370016747558)  2024-07-19T11:10Z [---] followers, [---] engagements


"#Volkswagen potential diamond reversal pattern forming for a bottom P/E [--] with group deliveries down ytd -3%. Valuation of 48bn for 100bn equity (net of goodwill) 200bn in cash and equivalent 440bn in debt"  
[X Link](https://x.com/TheNorthernH/status/1845869688586219698)  2024-10-14T16:50Z [---] followers, [---] engagements


"$TYRES Gross margin at 20.2% in Q4 holding well QoQ. Q4 result burdened YoY by higher sales and admin costs (+10M) with decreasing gross margin (23.9%). Full year loss is fully due to sales and admin expenses (+20M YoY)"  
[X Link](https://x.com/TheNorthernH/status/1886853912281669798)  2025-02-04T19:06Z [---] followers, [----] engagements


"$GOOG $MSFT $META investing heavily in [----] into $NVDA hardware & chips ($55bn/q CapEx going forward vs $33bn in Q1 '24 ) while $AAPL's CapEx are muted. Free Cash Flow LTM still very healthy in Q4 '24 for those companies despite such massive investments"  
[X Link](https://x.com/TheNorthernH/status/1891021543397802367)  2025-02-16T07:07Z [---] followers, [---] engagements


"Nokian tyres $TYRES posted a disappointing Q1 (share -14%). Loss of extra -13M vs Q1 '24 can be attributed to margins (-5M) financial costs (-6M) and sales & admin expenses (-4M) incl. 13M of ramp-up costs. CEO is showing strong confidence into H2 during the conference call"  
[X Link](https://x.com/TheNorthernH/status/1920474350513238445)  2025-05-08T13:42Z [---] followers, [---] engagements


"@amlivemon Oil down means $ down indeed 👍 the currency impact on foreign companiess Q2 earnings who sell to the US will be massive (think LVMH)"  
[X Link](https://x.com/TheNorthernH/status/1938098879213261196)  2025-06-26T04:55Z [---] followers, [---] engagements


"@Globalflows RRP is at 230bn TGA at 370bn and BBB package costs around 300bn/y so there is still some runway before funding becomes a problem especially when tariffs bring in 500bn"  
[X Link](https://x.com/TheNorthernH/status/1943365492015542488)  2025-07-10T17:43Z [---] followers, [---] engagements


"@Riccardino999 Nestl $NESN is still expected to generate 8-9bn FCF this year enough to pay for 8bn dividend. Net debt is indeed massive compared to end of [----] (x2) when EPS was at the same level as today"  
[X Link](https://x.com/TheNorthernH/status/1948426744978944423)  2025-07-24T16:55Z [---] followers, [---] engagements


"@Riccardino999 At the same time (incredible) Nestl $NESN's equity has shrunk by half between [----] (CHF 58bn) and q2 [----] (CHF 29bn) and FCF was CHF 10bn back then. This cocktail is not that great for the stock it looks to me debt did not translate much into earnings"  
[X Link](https://x.com/TheNorthernH/status/1948720689201996072)  2025-07-25T12:23Z [---] followers, [---] engagements


"@SoJustFollowMe At least sub 250usd sounds like a good place to start accumulating. Bottom may not be in but odds of upside from those levels look favourable"  
[X Link](https://x.com/TheNorthernH/status/1956401815571898524)  2025-08-15T17:05Z [---] followers, [--] engagements


"@themetaisok @CooperRichmond0 @fodacyjosh EDIT: the 12.6mil $HYPE tokens are contributed to the deal by Rorschach's investors at closing so the new $HSI entity already owns virtually those tokens"  
[X Link](https://x.com/TheNorthernH/status/1966191508773839142)  2025-09-11T17:26Z [---] followers, [---] engagements


"@MisterUppy Any thought on $WRLG New producer ramping up but only 65koz/y for now"  
[X Link](https://x.com/TheNorthernH/status/1974454957387755765)  2025-10-04T12:42Z [---] followers, [---] engagements


"@MisterUppy They did not however this financing may help them decrease their AISC of $1600 as well as speed up the process of acquiring a new mine. As the CEO puts it: The additional funding accelerates specific capital projects that have the potential to result in greater output"  
[X Link](https://x.com/TheNorthernH/status/1974480834284621836)  2025-10-04T14:24Z [---] followers, [--] engagements


"@MisterUppy Why did we do the financing Accessing additional capital now gave us the ability to pull a ventilation project and a power project forward. Starting these projects imminently instead of waiting until mid-2026 creates the potential for us to produce more ounces sooner" $WRLG"  
[X Link](https://x.com/TheNorthernH/status/1976327878754385937)  2025-10-09T16:44Z [---] followers, [--] engagements


"@lord_fed $HYPE via treasury company $HYPD"  
[X Link](https://x.com/TheNorthernH/status/1977035800597741905)  2025-10-11T15:37Z [---] followers, [---] engagements


"@wabuffo @BickerinBrattle $200bn it is"  
[X Link](https://x.com/TheNorthernH/status/1979053742767906941)  2025-10-17T05:15Z [---] followers, [--] engagements


"@BickerinBrattle @wabuffo Theres still $800bn in TGA to play with/fix things that are breaking once gov shutdown is over"  
[X Link](https://x.com/TheNorthernH/status/1979141170530853253)  2025-10-17T11:03Z [---] followers, [--] engagements


"@quantshitpost @PacPiazza Dollar up and yields down yesterday 🚩🥶 but dollar locally toppy now 🧐"  
[X Link](https://x.com/TheNorthernH/status/1980876132586283410)  2025-10-22T05:57Z [---] followers, [--] engagements


"@brent_e_trader @WinnerInvestor $ELV and $UNH have very similar businesses UNH is valued 4.4x ELV in market cap but earnings-wise generates 3.3x ELV so at current valuation ($70b) ELV looks attractive vs UNH Am I missing something here https://x.com/brent_e_trader/status/1948700498502066677 As you can see from Centenes extraordinary loss Medicaid is charity care as you lose money taking care of the sickest and poorest of the population. For profit you want the lowest amount of Medicaid patients. $UNH is in better position. $MOH $CNC $OSCR $CI $ELV $CVS $ELV https://t.co/kWbV93asXA"  
[X Link](https://x.com/TheNorthernH/status/1984331506861429179)  2025-10-31T18:47Z [---] followers, [---] engagements


"@lord_fed $GOOG just delivered a quarter shy of 50bn operating cash flow and people are bearish for reference it was 30bn 2y ago in q3 [--]. Wen 100bn 2027"  
[X Link](https://x.com/TheNorthernH/status/1984644050528715141)  2025-11-01T15:29Z [---] followers, [---] engagements


"@RockBtmEntries @MLPotash Why is $MOS so down"  
[X Link](https://x.com/TheNorthernH/status/1986759983715774554)  2025-11-07T11:37Z [---] followers, [---] engagements


"@GringoInvesting Gotta honor those LNG contracts somehow and buyers are price insensitive b/c they pass it on once $NG price move capacity will start to be booked I guess"  
[X Link](https://x.com/TheNorthernH/status/1987545442779852839)  2025-11-09T15:38Z [---] followers, [--] engagements


"@GringoInvesting Room for Waha price to go up (as HH goes up) but not much room for spread to narrow (currently $0.4/MMbtu). For Europe it looks like that to me storage is full at 83% running much below 95% average while Shell/EDF/EnBW ready to refill asap from new LNG hub in Plaquemines"  
[X Link](https://x.com/TheNorthernH/status/1987562325998485914)  2025-11-09T16:46Z [---] followers, [--] engagements


"@lord_fed @14traderO @GrossiTacio Market possibly just digesting the repricing of Fed cut in December and closing the /ES gap opened on [-----]. Healthy pullback https://www.investing.com/news/economic-indicators/odds-of-december-fomc-rate-cut-fall-below-50-4355583utm_source=Twitter&utm_medium=social&utm_campaign=glops_www_official_account https://www.investing.com/news/economic-indicators/odds-of-december-fomc-rate-cut-fall-below-50-4355583utm_source=Twitter&utm_medium=social&utm_campaign=glops_www_official_account"  
[X Link](https://x.com/TheNorthernH/status/1989052908575637874)  2025-11-13T19:29Z [---] followers, [--] engagements


"@Brad_Setser Lower investments lower trade surplus consumption decelerating. What's going on in China how do they balance their economy😵💫"  
[X Link](https://x.com/TheNorthernH/status/1989386328342192231)  2025-11-14T17:33Z [---] followers, [---] engagements


"@Brad_Setser Yep the level is incredible but it is rolling over on your chart. Not saying the trend continues but just something to bear in mind. Could China be about to start really supporting consumption as trade balance normalizes"  
[X Link](https://x.com/TheNorthernH/status/1989416375455252655)  2025-11-14T19:33Z [---] followers, [--] engagements


"@AndreasSteno For reference as $NVDA earnings are approaching"  
[X Link](https://x.com/TheNorthernH/status/1989419817582170560)  2025-11-14T19:47Z [---] followers, [--] engagements


"@saharnaz_refaei Market cap/MTPA capacity(operating+planned): $LNG: 45bn/(46+13=60) $VG: 18bn/(39+32=71) $NEXT: 1.6bn/(0+30=30). They all have same pricing structure (HH spot) but financing/balance sheet differs. Based on peers $NEXT has some upside x5-x10 would not sound crazy. NFA DYOD"  
[X Link](https://x.com/TheNorthernH/status/1989676339364798894)  2025-11-15T12:46Z [---] followers, [---] engagements


"@f_wintersberger Inflation bottoming"  
[X Link](https://x.com/TheNorthernH/status/1990347152636162320)  2025-11-17T09:11Z [---] followers, [--] engagements


"@JG_Nuke @contrarian8888 AR are just sales waiting to be cashed out on the balance sheet there s no accounting trick in here"  
[X Link](https://x.com/TheNorthernH/status/1991352853303292087)  2025-11-20T03:48Z [---] followers, [---] engagements


"@JG_Nuke @contrarian8888 Sales are usually recognized when goods are delivered and have nothing to do with payments. If a customer is likely not paying you write a provision. Higher AR just means higher sales (volume or price) and/or extended payment terms"  
[X Link](https://x.com/TheNorthernH/status/1991431864322801756)  2025-11-20T09:02Z [---] followers, [--] engagements


"@amlivemon Way undervalued 7.7bn market cap vs 12.9bn in equity P/E=6. Very cheap vs peers. Sounds like a no-brainer but maybe I am missing something here"  
[X Link](https://x.com/TheNorthernH/status/1991966324927685102)  2025-11-21T20:25Z [---] followers, [---] engagements


"@KobeissiLetter Tge price of high end AI GPUs is about to drop in [----] as AMD ramps up its own to hyperscalers"  
[X Link](https://x.com/TheNorthernH/status/1992116041305174211)  2025-11-22T06:20Z [---] followers, [--] engagements


"@markdono @crossbordercap They'll force the Fed to cut rates by letting government buy T-bills with TGA putting downward pressure on ST interest rates and effectively doing "not-QE QE". However until gov pass a bill utilizing the 900bn in TGA liquidity will remain scarce with fiscal impulse lagging"  
[X Link](https://x.com/TheNorthernH/status/1995221634177962428)  2025-11-30T20:01Z [---] followers, [---] engagements


"@OGA_Studio @JeffSnider_EDU @gamesblazer06 has a very interesting view and is actually talking about a collateral glut (T-bills) with low levels of cash requiring changes to regulations to SLR because bank reserves are currently being drained by massive T-bills issuance. https://x.com/gamesblazer06/status/1991201969852076488s=20 https://x.com/gamesblazer06/status/1991201969852076488s=20"  
[X Link](https://x.com/TheNorthernH/status/1995225105518256214)  2025-11-30T20:15Z [---] followers, [--] engagements


"@dschamis @HyperliquidX @HypeStrat @rediamondjr @matthuang Deal valuing $SONN at $1/share at current $HYPE price"  
[X Link](https://x.com/TheNorthernH/status/1995942304897704206)  2025-12-02T19:45Z [---] followers, [---] engagements


"@VagabondRTW @dschamis @HyperliquidX @HypeStrat @rediamondjr @matthuang In that case it is even worse if you exclude the 300M cash $SONN should trade at $0.73/share"  
[X Link](https://x.com/TheNorthernH/status/1995949534783177086)  2025-12-02T20:13Z [---] followers, [---] engagements


"@VagabondRTW @dschamis @HyperliquidX @HypeStrat @rediamondjr @matthuang $PURR fair value is around $4.3 at $34 $HYPE. You are free to pay a 46% premium on NAV though"  
[X Link](https://x.com/TheNorthernH/status/1996130817148420606)  2025-12-03T08:14Z [---] followers, [---] engagements


"@mlmabc 12M $HYPE staked at 2.3% makes around $9M/y at $34 $HYPE. Current $PURR valuation at $3.6 implies $HYPE at $24"  
[X Link](https://x.com/TheNorthernH/status/1996318585950527966)  2025-12-03T20:40Z [---] followers, [---] engagements


"@VagabondRTW @mlmabc Id say $PURR is undervalued but this is not financial advice DYODD"  
[X Link](https://x.com/TheNorthernH/status/1996480615810789580)  2025-12-04T07:24Z [---] followers, [--] engagements


"@SC2030_ @dschamis @HyperliquidX @HypeStrat @rediamondjr @matthuang $SONN shareholders maybe just wanted a liquid way of exiting and $PURR wanted simplified access to the market so everyone is happy I guess"  
[X Link](https://x.com/TheNorthernH/status/1996481221036310822)  2025-12-04T07:26Z [---] followers, [---] engagements


"@SaItinerant Unwinding of carry trade long tech / short energy. If it gets going at some point it could be "fun""  
[X Link](https://x.com/TheNorthernH/status/1997037382366044164)  2025-12-05T20:16Z [---] followers, [--] engagements


"@SaItinerant $KOS Kosmos Energy could be one of them 12% short"  
[X Link](https://x.com/TheNorthernH/status/1997919301605462234)  2025-12-08T06:40Z [---] followers, [---] engagements


"@joosteninvestor $40bn T-bills QE /month aint gonna do it"  
[X Link](https://x.com/TheNorthernH/status/1999010951551471621)  2025-12-11T06:58Z [---] followers, [--] engagements


"@WealthyReadings @BuzaliFacu @patientinvestt $ORCL is building its cloud infrastructure rivaling Azure AWS and GCP with much lower cost. Hence they need a massive amount of data centers. It's a game changer in the very lucrative cloud business where Oracle only has 3% market share atm growing faster than the big 3"  
[X Link](https://x.com/TheNorthernH/status/2001370435305566488)  2025-12-17T19:14Z [---] followers, [--] engagements


"@WealthyReadings @BuzaliFacu @patientinvestt In Q3 $ORCL generated +68% growth YoY on its cloud infra business compared to e.g. $GOOG at +34%. The big [--] is losing market share to Oracle in some segments"  
[X Link](https://x.com/TheNorthernH/status/2001371520376209878)  2025-12-17T19:18Z [---] followers, [--] engagements


"@etiennedemarsac $ORCL is anyway building a cloud rivalling AWS Azure and GCP and that requires massive Capex 🤔"  
[X Link](https://x.com/TheNorthernH/status/2003805306476789992)  2025-12-24T12:29Z [---] followers, [--] engagements


"@ardent_investor Any thought on $VO.v"  
[X Link](https://x.com/TheNorthernH/status/2004507725821325798)  2025-12-26T11:00Z [---] followers, [--] engagements


"@marketsgonewild real rates are about to skyrocket all assets are likely to be impacted but maybe PMs first"  
[X Link](https://x.com/TheNorthernH/status/2006359233655460309)  2025-12-31T13:38Z [---] followers, [--] engagements


"@patientinvestt Now do $ORCL 😉"  
[X Link](https://x.com/TheNorthernH/status/2006449703295299955)  2025-12-31T19:37Z [---] followers, [--] engagements


"@patientinvestt what about $ORCL"  
[X Link](https://x.com/TheNorthernH/status/2007095719551971333)  2026-01-02T14:24Z [---] followers, [---] engagements


"@Trendstockers I agree the US is likely to ramp up Venezuela to 4m b/d to replace Canadian oil however not sure the timeframe for this to happen"  
[X Link](https://x.com/TheNorthernH/status/2007502599600456121)  2026-01-03T17:21Z [---] followers, [--] engagements


"@inigoezponda The only issue is Bolivia after what happened in Venezuela as both "presidents" seemed close. Even though there is no oil in Bolivia they do have tin silver antimony tungsten and lithium"  
[X Link](https://x.com/TheNorthernH/status/2007833082200764761)  2026-01-04T15:14Z [---] followers, [---] engagements


"@ardent_investor + infrastructure being built + metallurgical tests on the way however not much electricity or water nearby for now"  
[X Link](https://x.com/TheNorthernH/status/2007836347953029287)  2026-01-04T15:27Z [---] followers, [--] engagements


"@tufffy93 @TopTradersADVFN Any thoughts on $IDEX.v Their second drill hole returned 1.02% Cu over 101m from surface not too bad for a start imo (they own land close to Hercules Metals/Barrick in Canada). [--] holes results pending beg. of January"  
[X Link](https://x.com/TheNorthernH/status/2007885680127664623)  2026-01-04T18:43Z [---] followers, [---] engagements


"@ardent_investor @goldseek @MBAeconomics1 $KFR.v is interesting however their best Cu grade in [----] is okayish but not that great imo (e.g. 234m at 1% CuEq = 0.44% Cu/0.49% Au/2.3g/t Ag). Maybe I am missing something. I like $IDEX.v more (420m at 0.37% Cu incl. 101m at 1.02% Cu for their 2nd hole)"  
[X Link](https://x.com/TheNorthernH/status/2008520685749211289)  2026-01-06T12:47Z [---] followers, [---] engagements


"@Milinkoeterno Where do you get the 2028/2029 timeframe They are looking for money to fund their PEA according to my understanding"  
[X Link](https://x.com/TheNorthernH/status/2008983581822226487)  2026-01-07T19:26Z [---] followers, [--] engagements


"@Milinkoeterno "*Subject to financing* we expect to complete a Preliminary Economic Assessment (PEA) in early 2026" CEO letter Nov 6"  
[X Link](https://x.com/TheNorthernH/status/2008990664722403646)  2026-01-07T19:54Z [---] followers, [--] engagements


"@Milinkoeterno Yeah the race is *on* for lithium Stellantis is probably already not that happy that a 90M equity investment for 20% turned into a 20M market cap. Just trying to assess whether the management can deliver. The news flow appears good to me. Dilution is part of life"  
[X Link](https://x.com/TheNorthernH/status/2008994414425985049)  2026-01-07T20:09Z [---] followers, [--] engagements


"@CavaggioniMario Crazy what will happen when those prices rebound"  
[X Link](https://x.com/TheNorthernH/status/2009579134243242165)  2026-01-09T10:52Z [---] followers, [--] engagements


"China inflation [--] accelerating and PPI YoY : is the giant awakening"  
[X Link](https://x.com/TheNorthernH/status/2010802190114570321)  2026-01-12T19:52Z [---] followers, [--] engagements


"@ardent_investor Any thought on $GWM.v (market cap 86m) Last MRE is from '23 and they've been drilling a lot since. PEA for 2nd project imminent"  
[X Link](https://x.com/TheNorthernH/status/2010807095197933954)  2026-01-12T20:12Z [---] followers, [---] engagements


"@Mr_Derivatives Now do #oil 😃"  
[X Link](https://x.com/TheNorthernH/status/2012557140037091384)  2026-01-17T16:06Z [---] followers, [--] engagements


"@FredKosters Political risk though Ghana gov wants its part and aims at doubling gold royalties. Despite that still undervalued I agree. https://africa.businessinsider.com/local/markets/africas-top-gold-producer-cancels-long-term-mining-deals-hikes-royalties-as-gold/5rbmpmjop=1 https://africa.businessinsider.com/local/markets/africas-top-gold-producer-cancels-long-term-mining-deals-hikes-royalties-as-gold/5rbmpmjop=1"  
[X Link](https://x.com/TheNorthernH/status/2012955751325540467)  2026-01-18T18:30Z [---] followers, [--] engagements


"@AllStreetsWolf @defiancesilverc Now look at $EXN.v about to breakout from consolidation https://x.com/TheNorthernH/status/2013302214152921330s=20 @bozkaschi Noone is talking about $EXN.v with Mallay mine coming online in Q2 '26 at 2.5Moz/y. MRE in progress to extend 5y LOM. Glencore offtake. MCAP 180M CAD. A little gem imho. Comparable $SVRS.v trades already at 423M CAD with [--] times the resources tho. https://x.com/TheNorthernH/status/2013302214152921330s=20 @bozkaschi Noone is talking about $EXN.v with Mallay mine coming online in Q2 '26 at 2.5Moz/y. MRE in progress to extend 5y LOM."  
[X Link](https://x.com/TheNorthernH/status/2013304181847691460)  2026-01-19T17:34Z [---] followers, [---] engagements


"@Piotr30715267 @bozkaschi @brgrtime200 $SVRS.v may have already rerated 400M Mcap for 2.4Moz/y prod is about right I guess. $EXN.v and $AGMR.v on the other hand are sitting at c. 200M Mcap for now"  
[X Link](https://x.com/TheNorthernH/status/2014754961301623263)  2026-01-23T17:39Z [---] followers, [---] engagements

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