I will NEVER understand this. Imagine paying a substack or Discord membership to a perma-bear.
I would be SICK if I missed this rally.
You're paying someone who makes you feel better about sitting in cash, while screaming how insane the market is, betting on a crash that you will most certainly not time properly.
For those who have had actual success shorting the market tops - not buying puts for a few hundred dollars - but actual generational money...they'll tell you that it is a horrific and painful hold until it actually works out, if it works out.
Your substack guru is not built like that, I guarantee it.
Yes, this market is now trading on euphoria partially. Yes, it can absolutely continue ripping higher and probably will. You are much better off participating with risk-managed long positions than you are sitting on the sidelines screaming how fucked everything is.
You know who doesn't think it's fucked? Those who are making generational money from a market we will probably not see again for another few decades.
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$MRAM doubled its market cap in 3 days to almost $1B!!! Trading at over 3,000 times earnings.
All hype or exponential potential?
This is definitely a sympathy play for those that missed the memory stocks. Everspin is also benefitting from having he word "RAM" in its ticker symbol. But MRAM (the memory) is NOT like DRAM.
However! There is an edge case that could see Everspin exponentially BOOM and gain market share in the long term.
Let us explain.
MRAM is a niche product used in industrial and aerospace sectors. The exponential potential is the transition of MRAM into high-volume AI hardware. AI systems at the "edge" (robots, autonomous cars, smart sensors) require memory that is instant-on, non-volatile (remembers data when power cuts), and extremely durable. Traditional Flash memory wears out too fast for these frequent AI updates, and SRAM is volatile (loses data). If MRAM becomes the standard for Edge AI devices, Everspin's TAM expands from hundreds of millions to multibillions. Capturing even 1% of the legacy NOR Flash or SRAM market (valued at ~$3-4B) would imply a revenue increase of 60%+ for Everspin.
Another use case for growth comes from licensing. As major chipmakers (TSMC, Samsung, Intel) build their own embedded MRAM for AI chips, they may need to license patents to avoid infringement. Everspin holds a massive portfolio of foundational MRAM patents. Licensing revenue is nearly 100% profit margin. If MRAM becomes standard in AI chips, Everspin could collect royalties from the entire industry, similar to how ARM Holdings collects royalties on mobile chips.
But both of these cases are definitely best case scenarios. Be careful and size accordingly.
SUSPICIOUS OIL TRADES BEFORE IRAN WAR HEADLINES TOPPED $7B: REUTERS
Well-timed bets on oil markets ahead of major Iran war announcements totaled at least $7 billion, far more extensive than previously reported, according to Reuters.
The trades, placed across crude, gasoline, and diesel futures in March and April, spanned multiple exchanges and contracts, raising fresh scrutiny over possible insider positioning around market-moving developments.
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In 1974, Henry Kissinger brokered a deal with Saudi Arabia: price your oil in dollars, recycle the surplus into US Treasuries, and America guarantees your security. The arrangement was never a formal treaty. It was a handshake backed by aircraft carriers. For fifty years, every barrel of oil sold anywhere on earth created demand for the dollar that financed America’s debt. The system required two things to function: Gulf oil priced in dollars, and an American navy guaranteeing the strait through which that oil flowed. Both conditions held until February 28, 2026.
Iran closed the Strait of Hormuz. Not physically but operationally, by mining approaches, attacking tankers, and establishing an IRGC toll booth that vets vessels, charges in yuan or stablecoins, and escorts approved ships through the Larak corridor. Traffic collapsed 95 percent. The oil that still flows does not flow in dollars. It flows in yuan, settled through CIPS, paid to an organisation the United States designated as a terrorist group. Iran has exported over 11.7 million barrels to China since the war began, all in the currency of a country that claims neutrality. The petrodollar is not being challenged by a BRICS policy paper. It is being challenged by a toll booth.
The United States holds $39 trillion in gross national debt. That debt is serviceable because foreign governments buy Treasuries. Foreign governments buy Treasuries because they accumulate dollars. They accumulate dollars because oil is priced in dollars. If oil stops being priced in dollars, the demand that finances the debt weakens. Saudi Arabia’s Treasury holdings fell to $134.8 billion in January 2026, down $14.7 billion in a single month. The Saudis let the 1974 agreement lapse in June 2024 without renewal. The recycling loop that Kissinger built is loosening at the same moment that the strait through which it operated is controlled by a hostile military collecting tolls in a rival currency.
This is what the war is about. Not the nuclear programme, which was the stated justification. Not the missiles, which are the visible weapons. The war is about which currency buys the molecule that powers the global economy, and the answer to that question is being determined at a 34-kilometre chokepoint by an entity that charges admission in yuan. Every American strike on Iranian infrastructure degrades the capability to maintain the toll. Every barrel of Iranian oil sold to China in yuan during the war demonstrates the toll’s viability. The strikes and the sales are running simultaneously. The petrodollar and its replacement are being tested in the same theatre at the same time.
Trump’s Tuesday deadline is the enforcement mechanism. “Power Plant Day” is not about punishing Iran for closing the strait. It is about ensuring that when the strait reopens, the oil flows in dollars and the $39 trillion remains financeable. The F-35 sales to the UAE and Saudi Arabia are not arms deals. They are petrodollar anchors, binding Gulf security to American hardware that requires American currency. The rescue proved reach. The strikes prove capability. The F-35 contracts prove commitment. And the toll booth proves that all of it might not be enough.
The 1974 handshake held for fifty years. The 2026 toll booth has operated for five weeks. The question the deadline answers tonight is whether fifty years of dollar dominance or five weeks of yuan experimentation determines what comes next.
https://t.co/dAOBBMsgDS