The hardest aspect of our current moment to process is that the AI trade is NOT just a technological frontier set to disrupt economic norms, it's the Frontline Battlefield of the emerging 21st Century Cold War. AI innovation IS the struggle for World Hegemonic Dominance.
There were two momentum crashes already in the past little over a year. Two close calls with catastrophe.
As we see below, the April low saw record Nasdaq volume. However, the post-FOMC mini crash in late July ('25) was the second highest volume in history.
One can only imagine…
🚨 Powell: There is no risk-free path. We believe inflation will get back to 2.0% over time, but job growth is now BELOW the breakeven rate.
-so bearish jobs, but we're still going to go slow on rate cuts. got it.. #TooLate
The S&P 500's price to peak earnings ratio has moved up to 27.3, its highest level since 2000 and 59% above the historical median. $SPX
Video: youtube.com/watch?v=ZCe_Wz…
Dollar Index
A 15-year rising channel
The price is currently challenging the lower trendline.
History suggests it holds.
A breach below would be significant.
What say you?
.@AEI's Desmond Lachman thinks that France's political class will accept the inevitable @ecb bailout only when they are staring down the barrel of a government-bond-market collapse. bit.ly/41MJNUC
Former British diplomat:
“I call it the super monetary highway: China has made the yuan–gold tradable on the Shanghai exchanges… so you can take delivery in Hong Kong—or soon Saudi Arabia. This will be huge”
We just covered this on stage @Frank_Giustra
AI’s rapid expansion is fueling a surge in U.S. electricity demand, sending household bills soaring. One in three families already skips essentials like food or medicine to keep the lights on. #EnergyCrisis#AI#Utilitiesoilprice.com/Energy/Energy-…
⚡ Quantum is no longer tomorrow — it’s today.
🔹 Random-event clocks hint at quantum time.
🔹 Nanoscale switches route chargeless magnon signals.
🔹 Qatar & India invest big in quantum hardware.
🔹 Banks roll out quantum-safe security.
🔹 Quantum tech reshapes healthcare &…
⚠️ How BAD have US layoffs become?
US employers have announced 892,362 job cuts YTD, the highest since the 2020 Crisis.
Excluding 2020, this is the largest count since the Great Financial Crisis.
Hiring plans in August were the lowest since 2009.👇
globalmarketsinvestor.beehiiv.com/p/august-s-us-…
EIA's forecast of $51 Brent AVERAGE for next year questions their understanding of current market drivers. They would be better off telling people how exactly they map fundamenal imbalances to prices given that recent correlation between the two was zero (right graph)
#oott
So I checked the definition of poverty.
$31K for a family of four. That is $650/month for each person.
This is what happens when you massage inflation figures for multiple decades.
So I checked the definition of poverty.
$31K for a family of four. That is $650/month for each person.
This is what happens when you massage inflation figures for multiple decades.
⚠️ How BAD have US layoffs become?
US employers have announced 892,362 job cuts YTD, the highest since the 2020 Crisis.
Excluding 2020, this is the largest count since the Great Financial Crisis.
Hiring plans in August were the lowest since 2009.👇
globalmarketsinvestor.beehiiv.com/p/august-s-us-…
"We’re in a global recession, but the crack (spread) is raging strong. No one can explain it." - from a bearish friend.
What do you think explains robust refining margins?
It should come as no surprise that BRICS won’t adopt US stablecoins.
Documents from the central banks of Russia, India, Brazil, and China’s New Development Bank confirm they’ve been building on the #XRP network for years.
This has been in motion for years.
Rare Earths MMI rose 2.15% in Sept as NdPr magnet metals spiked (Nd +27%, Pr oxide +26%). U.S. risks supply gaps as Lynas warns its Texas Dy/Tb plant may stall, while Malaysia weighs China-only processing deals. #RareEarths#EVs#EnergySecurityoilprice.com/Energy/Energy-…
America has now lost about 78,000 manufacturing jobs in 2025.
h/t Joey Politano
Keep telling yourself Tariffs don't matter to employment & AI matters more.
Is the US #equity market in a #bubble?
Investors should not get too comfortable with the high double-digit equity market returns experienced in recent years, especially as the US economy downshifts into 2026, chart @JPMorganAM
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