The Last Bear Standing

Dirty Secrets: Eight SMIDs

Introducing the TLBS Contrarian SMID Model Portfolio

Jan 21 • The Last Bear Standing

27

4

2

October 2025

Here Comes the Repo Man

Losses are coming for Carvana ABS noteholders. What does it mean for the Parent?

Oct 9, 2025 • The Last Bear Standing

36

6

1

August 2025

Roblox (RBLX): Schlep and the Streisand Effect

The Predators Are Not Priced In.

Aug 18, 2025 • The Last Bear Standing

37

3

4

July 2025

The Ugly Duckling

FY2026 federal budget sets the stage for a small-cap turnaround.

Jul 18, 2025 • The Last Bear Standing

25

6

2

June 2025

Golden Age of Graft

Did Musk burst the Trump bubble?

Jun 6, 2025 • The Last Bear Standing

30

6

3

May 2025

So-Fried

The consumer is weakening and so is its lender of choice.

May 22, 2025 • The Last Bear Standing

45

3

6

April 2025

The Matador

The 2025 Bear Market

Apr 30, 2025 • The Last Bear Standing

100

16

13

Into the Trenches

#149: With the first shots fired, it's time to dig in.

Apr 18, 2025 • The Last Bear Standing

25

2

4

Twelve Casualties of the Trade War

#148: Drilling down on China exposures.

Apr 11, 2025 • The Last Bear Standing

29

4

3

The Vortex

#147: The Point of No Return; The New Bear Market.

Apr 4, 2025 • The Last Bear Standing

27

9

4

March 2025

Haves vs. Have Nots

Exploring a Wealth-Effect Driven Slowdown

Mar 30, 2025 • The Last Bear Standing and Citrini

56

5

7

Regime Change

#146: Navigating a turning market.

Mar 7, 2025 • The Last Bear Standing

28

4

2