Billy Ray Valentine

PM @ Duke & Duke Commodity Brokers

[Hunter Biden @HunterBiden]

@Kenneth_Belkin Do I look like I’m a part of the elite oligarch class. This was taken at a super 8 motel off I95 by the way.

[Sawyer Merritt @SawyerMerritt]

Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.

Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.

No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."

This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.

The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").

The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements

[J.C. Parets @JC_ParetsX]

Momentum thrusts tend to come near the beginning of big cycles, not the end. This quarter, Tech just registered one of the largest momentum thrusts ever. Tell someone you think we're still early in this Tech cycle and they'll think you're crazy.

[Pierre Rochard @BitcoinPierre]

Bitcoin is a hedge against uncertainty, and the market is very certain about one thing: AI will absorb the next decade of capital, earnings growth, power demand, semiconductor demand, data-center buildout, and productivity upside. BTC crash has nothing to do with Saylor or Iran.

[Hunter Biden @HunterBiden]

@SoundDobad I know this may sound petty, but I can’t stand it when people put photoshop a meth pipe in my mouth. A crack pipe doesn’t have that little bowl at the end. This is why we can’t trust AI. Please make the appropriate edit. Thank you for your attention to this matter.

[CoinDesk @CoinDesk]

LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.

[Wall St Engine @wallstengine]

$AVGO -13% AH

$NVDA CEO Jensen Huang:

[Pardon My Take @PardonMyTake]

“Your outie loves the Knicks”

[WOLF @WOLF_Financial]

Tesla $TSLA is expected to bring in $375 Billion of revenue per year by 2031 according to analysts

[beeple @beeple]

PERMANENT UNDERCLASS

[Jeremy Judkins @jeremyjudkins_]

Once the new Spider-Man movie comes out, this should hit $1000 a share easily.

[Kyle @kyletrades_]

If you want to simplify your screen universe you really don't need anything other than ADR and dollar volume. I use an ADR*DolVol filter to find the highest momentum, super liquid stocks. Just one glance at this list and you can see these are all the hottest stocks in the market. This list has been unchanged for weeks and weeks. Throw a recent catalyst or theme into the mix and your odds of being in a huge winner is significantly increased. It really is that simple.

Institutions cannot hide their purchases- stop hunting for a picture perfect chart or a picture perfect setup.

What you buy > How you buy it

[Ryan Detrick, CMT @RyanDetrick]

Is this bull market only halfway over? I show why potentially years are left of the 🐂

https://t.co/fRot2RSUwl

[Ben Justman🍷 @BenJustman]

I just bought 800,000 bitcoins

Now crash the market after I sell 32 of them

[Nebius @nebiusai]

Merci M le Président.

Nous sommes fiers de construire l'avenir de l'IA en France !

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

Ultimate irony that during the golden age of fraud w blatant inside trading by our admin & total frauds like Trevor Milton being pardoned that the only person to get prosecuted would be @CitronResearch 🤣

Yes, prosecute wrongdoing. But also persecute everyone doing it.

[Za @ZaStocks]

The market topping out because of the SpaceX, Anthropic, and OpenAI IPOs is the most consensus opinion I’ve seen in a long time.

It’s rarely that easy.

[Nikunj Kothari @nikunj]

All you had to do to make life changing wealth was to invest in ~every public company along the 237

[Emmanuel Macron @EmmanuelMacron]

Nebius choisit la France.

L’acteur du Cloud IA dévoile un projet de plus de 8 milliards d’euros d’investissement pour déployer des infrastructures et des services de cloud, avec une capacité cible de 240 MW, positionnant le site parmi les plus puissants du continent.

Bedankt!

[Alex Desjardins @PrimeTrading_]

Read the Radar, Pack the Jacket, Ride

I went out for a ride today, and it handed me another way to talk about something we deal with constantly as traders.

Before heading out, I checked the weather. Thirty percent chance of showers. That's the kind of number that stops most people cold — just enough doubt to talk yourself out of moving, just enough uncertainty to default to the couch. Stay home. Skip the ride. Skip the work on my health. The "safe" choice.

But thirty percent isn't a forecast of rain. It's a forecast of uncertainty. So instead of reacting to the headline number, I pulled up the radar. No real cloud structure, nothing organized, nothing telling me this was going to break down on me. Then I did the one thing that actually changes the math — I packed a rain jacket. I assessed the conditions, I defined my downside, and I capped it. Worst case, I get a little wet and I ride home. Survivable. That's a managed risk, not an open one.

So I went. I accepted the risk, and I rode the trend.

And here's the part that made me smile. There were clouds everywhere. The whole sky looked like the exact thing I'd been warned about. If I'd been riding my emotions, every dark patch would've been a reason to turn back. But I never got caught in the rain — not once. The discomfort of riding under a gray sky was real. The actual cost of it was nothing.

That's the trade.

Thirty percent chance of a shower is just another version of "the trend might be ending," "we're too extended," "this has to be the top." It feels like information. It isn't. It's uncertainty wearing the costume of a warning. And if you let it keep you on the sidelines, sure — you don't get rained on. But you don't get the ride either. No move, no progress, no compounding. You stay dry, and you stay still.

The skill was never about avoiding the risk. It's reading the actual conditions instead of the headline number, capping your downside so the bad outcome can't really hurt you, and then engaging anyway — clouds and all. That's not recklessness. It's the preparation that earns you the right to stay with the move when it gets uncomfortable.

Read the radar. Pack the jacket. Ride.

Because the trader waiting for a sky with no clouds never leaves the house.