FULL ARCHIVE · WEEKLY HORSEMEN DIGESTS

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One week-ending-Saturday read per week—Overvaluation, Bubble beliefs, Issuance, Inflows—plus a “How bubbly are we?” score (I+II+III+IV out of 400) so the series is comparable from ~Mar 2026 through Sep 12, 2026.

28 WEEKSHorsemen Index INDEXWEEK ENDING SATURDAYEMAIL UNLOCKS OLDER

How bubbly are we?237 / 400Horsemen Index · Σ of I+II+III+IV

Latest week · 2026-09-12 · Open digest →

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HORSEMEN INDEX · OVERALL Σ/400

Bubbly trend

Latest 237/400Full chart →

Week endingHow bubbly? · I/II/III/IVTitleWeek read

Sat, Sep 12, 2026237/400 · 75/58/58/46Mixed (−4): Anthropic mid-Oct, OpenAI not 2026, Lipper −$32B holdsMixed Sat, Sep 5, 2026236/400 · 74/58/56/48Second Lipper outflow week; Dangote IPO papers signedMixed Sat, Aug 29, 2026229/400 · 73/58/50/48Lipper: U.S. equity funds’ biggest weekly outflow since MarchMixed Sat, Aug 22, 2026238/400 · 74/60/52/52Anthropic $65B ARR + Lipper +$11.72B into Nvidia/Fed event riskMixed Sat, Aug 15, 2026236/400 · 74/60/52/50Mid-August: Lipper +$2.58B under CAPE≥41 as Anthropic ARR heads toward $65BMixed Sat, Aug 8, 2026236/400 · 73/62/53/48Aftermath week: leverage lesson, Lipper profit-takingMixed Sat, Aug 1, 2026236/400 · 72/64/54/46Situational Awareness unwinds: leverage meets the wallRetreat Sat, Jul 25, 2026235/400 · 72/60/55/48AI share rout intensifies ahead of a forced portfolio saleRetreat Sat, Jul 18, 2026244/400 · 74/62/56/52Chip/AI volatility: Korea leverage warnings enter the feedMixed Sat, Jul 11, 2026252/400 · 75/64/58/55SpaceX enters Nasdaq-100; SK Hynix lists into the AI boomMixed Sat, Jul 4, 2026256/400 · 76/66/58/56Holiday week: tiny Lipper rebound, NDX inclusion on deckMixed Sat, Jun 27, 2026262/400 · 76/68/60/58Lipper cools: tech outflows after the SpaceX sugar highMixed Sat, Jun 20, 2026275/400 · 77/70/64/64Afterglow: SpaceX is public; AI filings still idleMixed Sat, Jun 13, 2026292/400 · 78/76/70/68SpaceX prices, lists, and closes the dress rehearsalAdvance Sat, Jun 6, 2026283/400 · 77/74/66/66Anthropic files; SpaceX launches the $135 roadshowAdvance Sat, May 30, 2026274/400 · 76/72/62/64Anthropic Series H at $965B; Burry scales the IPO wave to 2000Advance Sat, May 23, 2026266/400 · 76/68/60/62SpaceX S-1 + Burry/Cboe: beliefs and paperwork collideAdvance Sat, May 16, 2026239/400 · 75/52/54/58Quiet buildup: CAPE holds ≥40 ahead of SpaceX paperworkMixed Sat, May 9, 2026232/400 · 74/50/52/56CAPE clears 40 as the IPO watchlist wakes upAdvance Sat, May 2, 2026230/400 · 70/52/54/54Anthropic courts ~$900B marks; Lipper equity inflows ebb to six-week lowAdvance Sat, Apr 25, 2026228/400 · 67/52/54/55Mag7 at ~34%: worse than 2000 weight, SpaceX still pre-public S-1Advance Sat, Apr 18, 2026228/400 · 66/53/55/54Pre–analyst-day SpaceX week: CAPE climbs, Mag7 still ~⅓ of the S&PAdvance Sat, Apr 11, 2026227/400 · 65/54/56/52Digesting Apex: 21-bank SpaceX syndicate + OpenAI mark hangoverAdvance Sat, Apr 4, 2026230/400 · 64/56/58/52Double mega: OpenAI $852B close + SpaceX confidential IPO (Project Apex)Advance Sat, Mar 28, 2026208/400 · 60/50/46/52Lipper snaps back +$37B while SaaS burns and Mag7 is ‘only’ −10%Mixed Sat, Mar 21, 2026198/400 · 58/48/44/48Lipper −$24.8B + SaaS scare: richest CAPE meets hardest weekly equity dumpMixed Sat, Mar 14, 2026200/400 · 60/45/45/50CAPE ‘alarm’ week: Fool at ~39, Lipper still selling, oil-shock scareMixed Sat, Mar 7, 2026200/400 · 60/44/46/50CAPE cools to ~37 as Lipper dumps −$21.9B and SpaceX eyes March paperworkMixed

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