SEE WHAT'S NEXT. | Where markets, music & culture create the next generation of wealth. | Hedge Fund Manager @emjcapital | Columbia B School PhD
Toronto, Canada
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I don't spend my time looking for the next 10% trade.
I'm looking for the next Carvana, like when I got into it at $15 in May 2023. The next stock the market has written off that could become worth 10, 20, even 100 times more.
But finding one means doing the work most people skip.
Reading the filings. Understanding the debt. Studying the management and board. Figuring out what the market is missing — and what would prove the thesis wrong.
I share my broader thinking publicly.
My X subscribers get the deeper research, ongoing thesis updates, the evidence I'm tracking, and a private AMA Space with me every week.
Not every idea works. Not every stock deserves to be bought. And sometimes the right answer is to do nothing.
If you want to understand the work behind the conviction, that's what my subscriber community is for.
Subscribe through my X profile.
Of all the songs Jay-Z could have chosen for Blue Ivy to play piano on at SoFi, he chose Dead Presidents and The Story of O.J.
Think about that second choice.
A song about race, money, financial literacy and generational wealth.
Now his 14-year-old daughter is onstage performing it with him.
That's a much more interesting statement about legacy than another billionaire telling people to invest.
30 years ago, 2Pac was dissing Jay-Z during hip-hop's East Coast–West Coast war.
Last night at SoFi, Jay-Z brought out Dr. Dre and Snoop Dogg and performed PAC'S “California Love.”
He also performed “Still D.R.E.” — a West Coast anthem Jay himself wrote.
Think about that transformation.
In the 1990s, regional rivalry helped sell records.
In 2026, reconciliation helps sell stadiums.
The business of hip-hop has changed.
Or maybe the business was always the same: understand what the audience wants, and give it to them.
The plot thickens.
Jay-Z originally announced ONE SoFi show: October 23.
Then he added October 24 — Drake's 40th birthday.
Meanwhile, Drake chose to celebrate in Jay-Z's hometown of NYC while Jay performed in LA.
Two kings. Two coasts. Same weekend.
You see coincidence. I see hip-hop chess.
Who's playing the better game?
Drake is never one to overlook symbolism.
Of all the cities to celebrate his 40th birthday, he chooses Jay-Z's hometown of NYC.
On the exact night Jay is performing at SoFi, amid reports he's headlining the next Super Bowl.
Coincidence? Never.
It always has a meaning with Drake.
Some interesting hip-hop chess.
Rick Ross said Rozay stopped counting his Wingstops.
So I counted them.
After 50 Cent shared my research, I kept digging.
The filings show 13 restaurants listed under Boss Wings companies at the end of 2022.
One year later: just ONE.
And nine stores appeared under a different franchisee.
Who sold them? The public records I found don't say.
New investigation. Receipts included.
Drake is never one to overlook symbolism.
Of all the cities to celebrate his 40th birthday, he chooses Jay-Z's hometown of NYC.
On the exact night Jay is performing at SoFi, amid reports he's headlining the next Super Bowl.
Coincidence? Never.
It always has a meaning with Drake.
Some interesting hip-hop chess.
DJ Khaled calls Jay-Z the greatest rapper of all time.
Jay brings him on stage at SoFi.
Meanwhile, we're still waiting for Khaled's album.
At some point, the most important thing in music isn't who you know. It's what you release.
Everyone said Ryan Coogler owns Sinners. The Copyright Office lists Warner Bros. Pictures as author (work made for hire), with Warner and a financier, Domain Pictures, as the registered owners. Coogler's reported reversion is in 2050. And Louisiana's filing lists a $115.7M budget. Full breakdown ↓
I've spent my career looking for what the market is missing.
But the biggest opportunities aren't always in the stock market.
They're in music, film, technology, politics and the ownership structures connecting them.
That's what we're building at @EventHorizonIQ.
Follow the evidence. Find what others miss.
The next generation of wealth won't just be created on Wall Street.
It will be created at the intersection of culture, technology, capital and ownership.
The question I keep coming back to:
Who owns the asset?
Who controls it?
Who captures the upside?
Own the future. Don't rent it.
Culture isn't separate from capital.
Culture creates demand.
Demand creates distribution.
Distribution creates economic leverage.
But the biggest question is who owns the infrastructure, rights and equity underneath it all.
That's the part I'm interested in understanding before everyone else does.
Rap-A-Lot turned 40 in 2026 as one of hip-hop's best-known independence stories.
On September 26, 1994, the Copyright Office recorded 2 documents from "Rap-a-Lot Records, Inc." to "Noo Trybe Records, Inc." The note on both: "Transfer of copyright." Both list all 12 songs on Scarface's debut, Mr. Scarface Is Back. The index doesn't show which rights they covered.
A 2003 registration's author line reads: "Rap-A-Lot Records, a division of Noo Trybe Records, Inc."
Scarface's 2021 termination notice gives those 12 songs a date of October 4, 2026. Whether anything moved, the public record doesn't show yet.
The Full Wingstop Investigation is here: youtu.be/zjSZjeRB1iM
Rick Ross’s family’s Wingstop operation is facing new scrutiny.
Investor Eric Jackson says Wingstop’s state filings listed 21 open restaurants under the family’s Boss Wings companies at the end of 2016, compared with just one in Clarksdale, Mississippi, at the end of 2025.
Jackson tracked 32 store numbers associated with those companies over time and says 28 are now listed under other franchisees.
I traced all 32 Wingstop store numbers ever listed under Rick Ross's family's Boss Wings companies in Wingstop's own state filings. End-2016: 21 open. End-2025: 1, in Clarksdale. 28 now listed under other franchisees. No price or reason appears in any filing.
Everyone will report that yields broke 5% today. Almost nobody will report what kind of rally it was: real yields did 80% of the work, breakevens fell with them, crypto fell 4% and vol spiked 16%. Relief rallies lift risk assets with bonds. Today's didn't. That's the growth-scare pattern, not the goldilocks pattern — and the difference is the whole positioning question. Follow @EventHorizonIQ for the daily read.
Yesterday's question, answered: the 10Y didn't hold 5.10% — it closed 4.967% with breakevens contained at 2.34%. The rally resumed through real yields, with equities and crypto selling off.
THE 10Y CLOSED BELOW 5% — THE SCARE KIND OF RALLY
RATE DNA — 2026-10-22 (closing prices)
THE TAPE (observed): the nominal 10Y fell 15.2bp to 4.967%. Real yields fell 12.3bp to 2.627% — about 80% of the move. Breakevens fell 2.9bp to 2.341%. 10s30s steepened 3.7bp — the belly led. And risk assets didn't celebrate: BTC −3.9%, ETH −4.3%, VIX 16.68 → 19.28.
THE READ (interpretation — plausible, not proven): this looks like a growth-scare rally, not a Goldilocks rally. A relief rally lifts risk assets with bonds; today's didn't. The bond market is pricing growth damage.
THE TRANSMISSION:
· Housing: OPEN responded +3.6% — one rate-sensitive name, not a cohort verdict. The 10Y fell 15.2bp; mortgage rates track the 10Y plus MBS spreads, and the latest mortgage-rate reading (2026-10-15) predates the move.
· Crypto: BTC and ETH fell on a real-yield rally — the expected relief transmission didn't appear today; a hypothesis under test, not an established channel.
WHAT CHANGES THE READ (monitoring thresholds, not calibrated invalidations): a close back above 5.12% (the prior close) reverses the break; a hold below 5.00% keeps it live. Whether risk assets recover alongside yields is what separates growth relief from renewed inflation pressure.
YESTERDAY'S TELL, ANSWERED ('does the 10Y hold below 5.09% with breakevens contained near 2.37% — or does the fall reverse?'): 10Y 4.967% — HELD BELOW 5.09% · breakevens 2.341% — contained · the fall extended through the close.
STATE: EASING (−3.048, growth-led mode — this morning's print; tomorrow's close recomputes).
THE LEAN (forecast — output published, edge not established): the model leans LOWER on the real 10Y through Nov 5. In backtests its LOWER leans were right 42% of the time against a 45% base rate — below its own benchmark — so the publication rule holds it back from a direction call. Live: 0 of 0 graded, 1 issued.
How the lean is graded: eventhorizoniq.com/sensors/r…
Follow @EventHorizonIQ for the daily read.
We may hold positions in instruments discussed. eventhorizoniq.com/disclosur…
In 2024, Jay-Z said it would be "selfish" to pick himself for the Super Bowl too early.
Now Puck reports he's picked himself for 2027.
But the bigger story isn't the halftime show.
It's how Jay-Z went from performer to gatekeeper of music's biggest stage — and what happens when the gatekeeper wants the stage.
I went back to the original tape and the documents. Here's what I found:
Should a gatekeeper be allowed to choose himself? Tell me where you land.