Jalen Brunson took $113M less
Jalen Brunson signed a 4-year deal instead of 5, taking $113 million less, enabling the Knicks to build a championship-winning roster.
Snapshot · Excess Returns
Andy Constan on the SpaceX IPO, AI CapEx, and the End of the Buyback Tailwind
Explore episode
Jun 16, 2026
Where this was said
Fed policy, tariffs, and what matters this summer
At 54:12 · chapter starts 54:00
Andy's summer watchlist: Warsh builds credibility without acting, tariffs quietly expire July 24, AI CapEx flows with no ROI clarity, and equity issuance tests market absorption capacity. [1] — Andy Constan "Four things matter this summer: the new Fed chair builds credibility without acting, tariffs quietly expire on July 24 unless renewed, AI C…" 56:30
Inflation persisting 5–6 years
Andy Constan argued the US has been in an inflationary environment for 5 to 6 years with no sign central banks are willing to do anything meaningful about it.
What Andy Is Watching This Summer
Four things matter this summer: the new Fed chair builds credibility without acting, tariffs quietly expire on July 24 unless renewed, AI CapEx keeps flowing with no return-on-investment clarity in 2026, and equity issuance continues to test how much supply the market can absorb.
Tariffs expire July 24 unless renewed
Current tariffs are set to disappear automatically by July 24th unless actively renewed or replaced by the administration.
Kevin Warsh, QT, and the Fed's Balance Sheet Problem
The Fed has mismanaged its balance sheet from the beginning, and that's a primary reason inflation persists. Warsh wants to lower short rates while running the balance sheet off — Bessant and Miran agree. But institutional resistance inside the Fed is fierce, and any change will take years of small tweaks.
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Annie Duke: $4M+ poker winnings
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~10 rounds dominated vs Usyk
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Stopped after the bell
Rico's appeal confirmed the fight was stopped after the bell rang, and the ringside doctor found no concussion or disorientation — yet the result was never overturned.
Glory uses 5 judges vs boxing's 3
Glory Kickboxing uses 5 judges rather than boxing's 3, which Joe Rogan argues reduces the chance of a corrupt or incompetent minority swinging the result.
1 professional boxing match before Usyk
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15 years of boxing training
Despite having just one pro boxing match, Rico Verhoeven had been training boxing for 15 years alongside his kickboxing career.
6-month boxing transition camp
Rico used a full 6 months to transition from kickboxing stance to a proper boxing stance under trainer Peter Fury, calling it essential rewiring.
