The 10 days ahead: TOGGLE Leading Indicator
The TLI is the aggregate of all TOGGLE Insights, leading the markets by 10 trading days. Check it out live on the web!
And for those looking for accuracy analytics, here’s our statistical assessment for the TLI:
General Interest - Levine’s hilarious take on FTX
We generally skirt away from anything finance in the General Interest section, but this was too hilarious to pass.
Matt Levine, opinion columnist for Bloomberg, wrote an excellent article on the incredible contents of the FTX balance sheet. We quote:
‘The balance sheet that Sam Bankman-Fried's failed crypto exchange FTX.com sent to potential investors last week before filing for bankruptcy on Friday is very bad. It's an Excel file full of the howling of ghosts and the shrieking of tortured souls. If you look too long at that spreadsheet, you will go insane. […] Microsoft Clippy will appear before you in the flesh, bloodshot and staggering, with a knife in his little paper-clip hand, saying "just what do you think you're doing Dave?"’