Senior engineers in NYC: come build agents that move money.
Aug 8-9: build the best agentic commerce use case on Rain, with our founders and engineers from @cursor_ai and @monad.
On the line: a Michelin star dinner. For standouts, a conversation about working with Rain.
🚨 SOMETHING EXTREMELY BAD IS COMING NEXT WEEK
Everyone thinks the SpaceX crash is over.
Wrong.
And if you think SpaceX is not going lower, you are completely wrong.
SpaceX’s ATH was $225.
Now it’s trading around $110.
That is almost -52% from the ATH in a month.
And this happened while only around 5% of shares were available to trade.
But this changes next week:
After earnings on August 6, around 20% of shares unlock.
Another 10% can unlock if shares trade above $175.
Then another 7% unlocks around August 21.
Then again around September 10.
Now connect the dots:
The -52% dump already happened.
Retail already chased. Funds bought.
And now supply is about to 4x.
If the stock is already falling with only 5% supply, imagine what happens when 20% hits the market.
Be prepared. The real price discovery starts next week.
Reminder: I’ve called every major market top and bottom for the last 15 years, including the tops in Gold and Silver, the collapse in Oil, the SpaceX drop, and Bitcoin’s crash.
When I exit the markets completely, I’ll post it here publicly like I always do.
Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.
Here are 3 core ETFs compared 👇
$SPYM: Holds all 505 stocks in the S&P 500 for 0.02% a year, lower than the classic $VOO at 3 bp
$QNDX: Holds the 103 largest non-financial companies listed on the Nasdaq for 0.10%, lower than the classic $QQQ at 20 bp and $QQQM an 15 bp
$VTI: Holds 3,531 US stocks spanning large, mid, small, and micro caps for 0.03%
Which one anchors your portfolio?
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This announcement was made ~3 hours before I made a deposit and trade. And now my withdrawal is frozen.
GUH
At least the amount was small.
Be careful out there, everyone.