Remember this suspicious trade?
She bought this stock at $14.
We notified you and made a follow up post 4 months ago when the stock was trading at ~$40.
It’s up even more since, trading at $73.78.
That’s more than 5x in just a few months.
How did she do it?
What just happened?
At 9:45 AM ET, the S&P 500 was trading nearly +1.5% higher and tech stocks were sharply higher.
At 10:40 AM ET, selling pressure began to intensify without any major headlines in one of the biggest reversals of the year.
Just 2 hours later, President Trump said Iran shot down a US helicopter "last night" and that the US must "respond to this attack."
This sent the S&P 500 to a new low of the day, down 240 points since 9:45 AM ET.
In just 3 hours, the S&P 500 has erased -$2.1 trillion in market cap.
Volatility is back.
There is a near-perfect correlation between US oil prices and US CPI inflation, as shown in our below analysis.
Oil prices have averaged near $100/barrel since March 6th, or 79 days.
The longer this persists, the more inflation we will see.
Asset owners are the only winners.
The US AI boom has a hardware problem:
US imports of major electrical equipment rose +4.7% YoY in 2025, to $411 billion.
This equipment, including transformers, switchgear, and batteries, is needed to power the data centers that run AI systems.
Since 2020, imports have risen +$180.8 billion, or +78%.
The surge has been driven by AI companies racing to build data centers as domestic manufacturing cannot keep up with demand.
As a result, ~50% of all US data centers planned for 2026 are expected to be delayed or canceled because this equipment is in shortage.
We need more hardware.