In this issue:

• Every Investor is a Market Maker

• TikTok/Reliance

• Uber/Lyft Out

• Payments -> Lending

• Foxconn’s Supply Chain Shift

• How the Weak Dollar Makes the Dollar Stronger

• AI Arms Dealers

• Semi Demand Shock

• Value as Short Volatility

Every Investor is a Market Maker

A good way to break down market actors is into three basic categories:

1. “Informed” investors, who have…