MarketWatts

20+ Years on the Buy side, Energy, Materials , EM & Commodities

[Club House @theclubhouse0]

Master the sequence, master your swing

[junkbondinvestor @junkbondinvest]

High yield's finally over 300bps. Nature is healing.

[Marjorie Taylor Greene 🇺🇸 @mtgreenee]

The Republican Party has no idea what is happening to them.

They have failed so massively there is literally no way back.

So many of us are so disgusted you couldn’t pay us to support Republicans at the federal level.

To be clear, we aren’t Democrats and aren’t voting for them, but we sure as hell hope the current form of the Republican Party burns to the ground.

[Mike Benz @MikeBenzCyber]

So the US military put Ebola into airborne particles so animals could be infected by inhaling air. Vaxxed animals got hurt by inhalable Ebola worse than unvaxxed ones. Tony Fauci blows up, saying it all should have been classified to not undermine vaccine confidence.

[Superman @thesupermannx]

Researchers proved AI has deleted every reason universities exist.

Harvard University ran a controlled experiment pitting a custom AI against their own top-tier classrooms.

And the results are going to collapse the higher education bubble.

They took 194 undergraduates and split them up.

One group learned physics in one of Harvard’s best hands-on, active-learning physical classrooms. Group work. Instructor support. The premium university experience.

The other group went home and learned the exact same material with an AI tutor.

The AI didn't just win. It embarrassed the institution.

Students using the AI learned more than twice as much as the students in the elite Harvard classroom.

They scored 30% higher on the final assessment.

And they did it in less time.

Let that sink in.

A piece of software sitting on a laptop outperformed a world-class faculty in one of the most elite learning environments on Earth.

Universities have always justified their exorbitant tuition with two things: access to elite knowledge and the physical classroom experience.

This study just proved both of those moats are gone.

When software can teach you complex physics twice as well as a $60,000-a-year institution, the math of higher education breaks permanently.

The AI didn't just give the students answers. It used strict pedagogical guardrails. It guided. It questioned. It forced the students to do the cognitive work.

It offered perfect, one-to-one tutoring, personalized to the exact moment a student misunderstood a concept.

That level of attention is mathematically impossible to scale in a physical lecture hall.

For a thousand years, the university was the only place to get a premium education.

Now, it’s the bottleneck.

If AI can double your learning speed for a fraction of the cost, what exactly are students taking on decades of debt to pay for?

[Sovey @SoveyX]

What really happened after the State Dinner.
The lost Xi camera roll has been found.

[The Babylon Bee @TheBabylonBee]

Trump Says There May Still Be Time To Save Midterm For Republicans By Starting A New War https://t.co/5MUnrq1Tyc

[FairyLovesGolf @GolfByFairy]

Locking out your right arm at setup ruins your swing before you even start.
keep it soft and tucked if you actually want to hit it pure.

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

22 states require nonresidents to file and pay income tax for as little as one day of work in the state.

lol we don't do that in Florida
Tax Foundation @soberlook https://t.co/EGLX7QmA3x

[Prof @TheProfInvestor]

The odds of that being a coincidence are essentially zero. ZERO.

Oil has topped between 11:30–12
every single day this week.

This is bizarre.

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran declares it will no longer negotiate over its nuclear program at all. It will now only negotiate the Strait of Hormuz once the US meets "all of Iran's conditions," with the strait remaining closed until then, per a senior official to Reuters.

The official says Iran will show no flexibility on its nuclear program even if the US accepts its proposal to reopen the strait, and will make no concessions on enriching uranium or shipping its highly enriched uranium out of the country, one of the main US demands.

Iran had previously said it would negotiate on the nuclear program once all its conditions were met. That has now changed.

[MarketWatts @RootSwego]

@HormuzReport I love how the algo's instantly puke oil on "deal," headlines and zero reaction when Iran denies. Perfectly efficient market.

[Martin Pelletier @MPelletierCIO]

It’s isn’t all roses out there for US equity investors, in fact quite a few IEDs.

[LOST @TheLOSTworld_]

The New York Times’ final list of the 100 Best TV Shows of the 21st Century is now complete.

What do you make of the final ranking? Which placements surprised you the most?

[Jurrien Timmer @TimmerFidelity]

Will 5.0% be the ceiling for the nominal Treasury yield? Maybe not, but for bond investors the risk-reward math has gotten considerably better. The 5% yield provides such a good cushion that if the 10-year yield were to fall 100 bps, an investor would make 11.9%, while only losing 1.9% if the yield were to rise to 6%.

[Lupen @0xLupenn]

The document Ray Dalio's team used at Bridgewater, KKR analysts use before every $1B acquisition, and Goldman Sachs kept off the internet for years just leaked from a restricted MIT archive.

Every business on earth reduces to 4 numbers. MIT's Applied Mathematics department proved it - and made sure nobody outside Wall Street ever saw the proof.

"Simple Math for Business." A classified working note written for private equity and hedge fund analysts earning $800k+ at firms like Goldman, Two Sigma, and KKR. The kind of framework McKinsey charges $500k to teach Fortune 500 CEOs behind closed doors.

Someone pulled it from a restricted archive. Now it's public.

Customers. Price. Costs. Churn. That's the entire model. Every company from a $200/month SaaS to a $10B enterprise reduces to one equation: Revenue = Customers x price per customer.

$100,000/month at $200 per customer: 500 customers. Clean math. The document shows exactly what kills most people chasing it.

Churn.

At 10% monthly churn your business never grows. Drop that to 2% - same product, same team, same ad budget - and your revenue goes from $75k to $200k in 24 months. KKR looks at this number first. Always.

Watch the moment [Fig. 2]

Three curves. Same starting point. Same acquisition rate.

2% churn: $200k/month.
10% churn: stalls at $75k.

The chart Goldman kept classified for a reason.

MIT Applied Mathematics - Restricted Working Note, 2026
Declassified
bookmark this

[Nic @puckrin]

Wow.

Foreign demand for U.S. debt collapsed 80%!

- T-bill purchases fell from $250.5B to just $49.4B in a year.

- Long-term U.S. debt purchases also fell 46%, from $456B to $246.6B.

That's a $410B reversal in foreign demand in just one year.

And the U.S. still has to finance record amounts of new debt.

Short-term repositioning? Or a longer term shift?

[Wei Wu 吴伟 @WuWei113]

The white man for long time domination all world. But Mandate of Heaven no longer belong for the white man.

This 10 year treasury note yield determine rates for mortgage, business loan, real estate development, and student loan.

The bond yield jump to 5.134% a symbol the gods no longer favor the white man. But no one care in America. Why? The white man be so distract from look at breast meat and watch negro sport ball.

The fall of the white man come not from famine, disease, or war. The white fall because he love play with his penis too much.

SAD!

[Thomas Thornton @TommyThornton]

*TRUMP: THE BOND MARKET CALLED AND WANTS TO MAKE A DEAL