Joe Gavazza

Financial Advisor, CRTP. Wealth Management CA|MA|NM|NV|TX. Solutions for a better quality of life. Investments|Insurance|Taxes $SPX

[The Times and Sunday Times @thetimes]

Palantir software halves sepsis deaths at US hospital https://t.co/heFMTdxbQu

[Joe Gavazza @UltimateAdvisor]

@CNBCFastMoney @CarterBWorth Will $WRTH be paying a dividend?

[Seneca Scott @SenecaSpeaks21]

Judge a movement by its fruits.

"Progressive" fruits are illiterate children, broken cities, workers left behind, and institutions increasingly dominated by elites.

We don't have a real left in America anymore.

We have a professional managerial class that speaks in the language of justice while protecting its own power.

It's all controlled opposition.

[Joe Gavazza @UltimateAdvisor]

I’m designing the conflict with Iran, “The Weekend War.”

[zerohedge @zerohedge]

US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations' https://t.co/iEIYujELd6

[Chamath Palihapitiya @chamath]

SpaceX just paid for the https://t.co/KCtjqTdin6 acquisition many times over.

[Joe Gavazza @UltimateAdvisor]

@SenecaSpeaks21 Same in Contra Costa

[MTS @MTSlive]

SITUATION EXPLAINED: On device compute means infinitely free tokens.

We asked @stevesi, who built the Surface and led Windows at Microsoft, why local compute is the inevitable next step for AI:

"The problem is that everybody is gated by the consumption of tokens, which cost money, or you can't get them if you're trying to use them for free."

"If you just wanna let something roll for three days you really don't wanna end up with a $10,000 bill, that's why people are stacking Mac Minis."

"Any time there's a resource constraint that you have to pay for, it moves to your device and becomes free. I just don't imagine how it can't happen."

[Joe Gavazza @UltimateAdvisor]

Nine month old technology? Is already outdated? https://t.co/fJ0drG5I9r

[Elon Musk @elonmusk]

SpaceX has almost finished writing V1.0 of an in-house AI training stack in C that exact-maps to 220k GB300s with 800G NICs, making heavy use of pipeline parallelism and getting as close to bare metal as possible.

The potential speed improvement vs JAX for large training runs is over an order of magnitude.

[Carson Investment Research @CarsonResearch]

"How many positions should I have in my portfolio?"

It's one of the most common questions we get. The honest answer: it depends. But there's a useful way to think about it,

🧵

[Joe Gavazza @UltimateAdvisor]

@MattMahanSJ This is the right message.

[Zineb Riboua @zriboua]

Trump's statements today on Saudi Arabia deserve more attention than they are getting, and a few things are worth keeping in mind. 1-Operation Epic Fury has two dimensions, one military and the other economic. Now that a ceasefire is in place, the economic campaign continues, and it's a very important one. I explain the economic damage on Iran's economy here: https://t.co/isW7t9KnrS

Destroying missile stockpiles produces battlefield results, but ensuring the IRGC cannot reconstitute those stockpiles produces structural damage, and that is precisely what the US is now pursuing through sanctions enforcement and loophole closure. The parallel sanctions pressure on China carries real weight as well, since it makes Beijing realize that helping Iran has costs. I wrote about it here: https://t.co/Pr9i0IjHzx

2- On the Gulf, the question of whether the UAE and Saudi Arabia see eye to eye on every matter is, from a US strategic point of view, largely beside the point. What Washington needs is a region capable of guarding its own neighborhood, with Israel integrated into that architecture given its unmatched military capabilities. I think that Trump is right now using this ceasefire moment to extract concessions from Riyadh that no previous administration managed to secure. Keep in mind that Saudi Arabia had been building a new coalition with Turkey and Pakistan to counterbalance the UAE and the Abraham Accords countries, which is a legitimate play. At a minimum, however, all of these actors share a common interest in containing Iran, there is already a lot to work with since Gulf countries are all working with CENTCOM and Israel, and that shared interest is the entire strategic outcome of what Operation Epic Fury was meant to produce.

[David Sacks @DavidSacks]

Q: How are job postings for software engineers rising rapidly despite AI agents automating coding?

A: Because there’s far more code to manage than ever before. We’re already seeing a 14x YoY increase in GitHub commits, and it’s accelerating.

AI has dramatically lowered the cost of writing code, so it’s now being used across far more businesses, applications, and use cases.

We’re at the beginning of a massive productivity boom driven by the proliferation of bespoke software throughout the entire economy.

Coding has been AI’s breakout use case this year. The fact that it’s increased demand for software engineers — rather than decreased it — should call into question the entire “AI will cause mass job loss” narrative.

[Joe Gavazza @UltimateAdvisor]

I’ll believe it when I see it

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US officials say Iran has agreed to give up its highly enriched uranium under the deal which President Trump said will “soon” be announced, per NYT.

Iran has yet to make any public statements on the supposed agreement.

[Joe Gavazza @UltimateAdvisor]

@garrytan Just move to Texas or Florida. You don’t have to make the China threat.

[Joe Gavazza @UltimateAdvisor]

@zerohedge The government must set a high standard to define a news show - must include annual continuing education focused on ethics and balanced factual reporting devoid of politics.

[Steve Grasso @grassosteve]

Rates front and center.

Every time I hear an academic call for higher rates to fight inflation, I want to hand them an economics textbook, the right one.

Raising interest rates into a supply shock does absolutely nothing to reduce prices.
Nothing hard stop.
The inflation isn't coming from excess demand it's coming from constrained supply. And yet the cure gets applied like it's 1979.
Worse, it creates a double pain point for the people who can least afford it.
Higher prices at the pump,
higher prices on everything bought on credit, and now higher borrowing costs on top of it.
Demand is already being crimped, the market is self-correcting.

Remember: the cure for high prices is high prices.

AND NOW SOMETHING THAT ECONOMISTS CHUCKLE AT, AND HAPPEN TO BE WRONG ON.
Cutting rates in a supply shock isn't boosting inflation. It's giving a small lifeline to the people who don't own assets outright.
The elites who snub their nose at rate cuts right now have a mortgage paid off and a stock portfolio. They're not feeling it.

And here's the part that's genuinely mind-boggling, and almost nobody knows this:
Section 2A of the Federal Reserve Act explicitly states the Fed shall promote "maximum employment, stable prices, and moderate long-term interest rates."
That's three mandates. Not two.
Moderate long-term interest rates is sitting right there in the statute — and it's never enforced, never discussed, and never questioned.

Raising rates into a supply shock violates all three simultaneously:

-It doesn't fix prices — the inflation isn't demand-driven
-It kills jobs — businesses can't afford to borrow and expand
-It explicitly violates the mandate to keep borrowing costs moderate — the one nobody reads

With debt financing now front and center in every policy conversation, the third mandate is about to become impossible to ignore.

@federalreserve
@realDonaldTrump
@SecScottBessent

[Joe Gavazza @UltimateAdvisor]

@elonmusk Ever been to Vegas?

Eat nothing a naked woman gives you.

SMH.

[Joe Gavazza @UltimateAdvisor]

@MattMahanSJ This is a better message than fighting the boogie man.

Now, will you veto the Billionaire’s tax that will eventually work its way to the middle class???

[Joe Gavazza @UltimateAdvisor]

@Twolfrecovery You are not alone