But for some reason I doubt we get the rate hike, I think they push the market higher this week because everything is so bearish, that it’s bullish. 🤓
SAM ALTMAN FEELING THE HEAT? OPENAI IPO PUT ON ICE
Larry Ellison had a plan to sell shares and just canceled the whole thing without selling a single share.
Even the founder said “nah, I’m holding.”
Bears wanted insider selling. Instead they got insider diamond hands. 💀
X.com/Hormuzletter
PROOF OR IT DIDNT HAPPEN........
Everyone keeps calling AI a bubble, but the money keeps pouring in.
U.S. data center construction spending reportedly just hit a record $75B annualized, up 57% YoY and 717% since 2021. Meanwhile, the rest of private construction has reportedly declined by $120B since the end of 2023.
At what point does this stop being an AI trade and start becoming the entire economy?
The bulls say we’re watching the infrastructure buildout of the next industrial revolution. The bears say companies are spending hundreds of billions chasing returns that may never justify the investment.
If you had to put your entire portfolio on one side for the next five years, are you buying the AI boom or shorting the bubble?
Trump is floating the idea of renaming New Mexico to “New America,” calling the proposed name more prestigious and beautiful. The post also takes a shot at the state over alleged election cheating. Is this just another Trump social media moment, or could a proposal like this ever gain serious traction?
IMPOSSIBLE ENVIRONMENT TO TRADE IN AS WE ARE USED AS THE ADMINISTRATIONS PAWNS / LIQUIDITY. TIME TO SHUT IT DOWN UNTIL 2030
Wall Street usually likes lower taxes, deregulation and business-friendly policy — and Republicans have historically leaned harder into that playbook.
Now prediction markets are putting a Democratic sweep at 51%.
If that keeps climbing, don’t be surprised if Wall Street starts paying a lot more attention to November.
Japan’s 10-year yield just broke 3% for the first time since 1996, and this matters for U.S. markets. Higher yields at home give Japanese investors less reason to own U.S. Treasuries, potentially putting even more upward pressure on U.S. yields. Add in the risk of a yen carry-trade unwind, and you’ve got another potential source of selling pressure for U.S. stocks. Japan’s bond problem can quickly become our problem.
Trump just took the worst-case scenario off the table, saying nuclear weapons will not be used against Iran. After another weekend of U.S. strikes and retaliation fears, that’s a pretty major shift in tone. Now the big question: Is this the beginning of de-escalation, or just the calm before the next move?
Trump just went all-in defending the data center boom as backlash continues to grow across the country.
His message is pretty simple: embrace the AI/data center buildout or watch the jobs, money and investment go somewhere else.
He even warned China “could not be happier” about the pushback.
The AI infrastructure fight is getting political now.