BREAKING: Elon Musk says when he launched SpaceX, $SPCX, he gave the company "less than a 10% chance" of succeeding.
Today, SpaceX is debuting the largest IPO in history, which is 2.5 TIMES larger than the previous largest IPO.
BREAKING: Global energy funds posted -$2.1 billion in outflows last week, the largest since July 2024.
This comes after energy funds attracted a record +$13.5 billion in cumulative inflows in the 3 weeks prior.
As a result, the 4-week average of inflows is still elevated, at +$1.0 billion, near the highest in 2 years.
Meanwhile, the US Energy Sector ETF, $XLE, saw -$1.0 billion in outflows on Wednesday, the largest in 14 years.
By comparison, the daily record was -$1.8 billion during the 2008 Financial Crisis.
Investors are locking in gains after the biggest energy rally in years.
@benjamincowen I respect you, but the way you talk about that “blueprint” now, it sounds like you drafted it, printed it, and handed it to the market yourself.
Funny part is, during the move you were calling for a left-translated cycle the whole time.
BREAKING: President Trump says he is PAUSING the "period of energy plant destruction" in Iran by 10 days, until April 6th.
For the second time, within minutes of our call for bond market "intervention" and the 10Y Note Yield crossing 4.40%, Trump has delayed strikes.
Keep watching the bond market.
🚨BREAKING: TRUMP NOMINATES KEVIN WARSH AS FED CHAIR
President Trump formally nominates Kevin Warsh to replace Jerome Powell as Fed Chair, along with a nomination for a 14-year term on the Fed board.
🔥 2 BILLION XRP TO BE UNLOCKED FOR DEFI
Flare integrates with Xaman Wallet to bring 2B $XRP into DeFi.
Cross-chain complexity is reduced to a single transaction on the XRP Ledger, potentially unlocking massive XRP liquidity for lending and yield.
🚨GEMINI PIVOTS AFTER BITCOIN DROP
Gemini is restructuring after Bitcoin’s 40% plunge hit growth plans.
The firm cut up to 25% of staff, exited the UK, EU and Australia, and its stock is down 80% from its peak.
Gemini is now betting on prediction markets.
Just about every crypto chart is in deep bear mode now. Still a decent amount of Denial from perma-bulls, which is natural at this stage.
It's just a process down, self fulfilling and takes time, so stay patient. Like to focus on preparing for a bottom vs focusing on finding short term opportunities. Should expect one really solid counter-trend move between now and the eventual bottom.
I suspect the bottom comes with equities pushing down hard at some point in 2026 and likely well before the mid-terms.
INSANE:
In 2009, singer Lily Allen declined a payment of 200,000 BTC for a virtual concert.
Today, it would be worth $14 BILLION.
If she had accepted and held it, she would be the 20th richest woman in the world today.