Daily Alpha · Substack
· Post-Market Alpha · by Buzzberg Research
Two full public essays framed drone industrial policy and the ownership economy; Burry's shorter visible excerpt sharpened the AI-financing counterpoint without documenting a trade.
Themes on this desk
Drone industrial policy
A contributed thesis links the Pentagon's autonomy budget shift to domestic drone and counter-drone suppliers.
Ownership economy
Asset-led wealth and AI construction increasingly shape consumption and industrial equity demand.
Circular financing
Burry's visible excerpt flags AI financing structure as the risk, without supplying position detail.
Drone spending is shifting toward mass attritable systems
Outlier Capital argues the FY2027 Pentagon request includes about $54.6 billion for the Defense Autonomous Warfare Group, supporting RCAT, UMAC, KTOS, AVAV and ONDS.
The contributed thesis links a policy budget shift to public drone manufacturers, but execution remains company-specific.
Watch Appropriations, production awards, domestic-content rules and delivery volumes.
Source →The ownership economy ties consumption to asset prices
Kyla Scanlon argues labor's share fell while capital's share rose, and that the AI wealth effect now links consumption, state revenue and industrial suppliers to capex.
A market sustained by asset holders becomes more sensitive to equity and housing drawdowns.
Watch Consumer spending by age and wealth, data-center construction and labor-income growth.
Source →Burry flags AI circular financing
The visible Cassandra Unchained excerpt points to Bloomberg's circular-financing picture and calls it an AI fever dream; it does not document a trade.
The excerpt sharpens the credit-risk counterpoint without supplying position detail.
Watch Any fuller disclosure of counterparties, guarantees or an explicit position change.
Source →