America Votes Q&A

Markets & Politics || Q: well, doctor, what have we got, a republic or a monarchy? A: a republic, madam, if you can keep it. ~Constitutional Convention, 09•1787

[America Votes Q&A @basebender]

This man got the U.S. to zero debt during his tenure. R.I.P. Alan Greenspan 💐

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Long-time Economist and former Chair of the Federal Reserve Alan Greenspan has passed away.

[America Votes Q&A @basebender]

@marlene4719 😂

[FactPost @factpostnews]

Michelle Obama: I'm gonna take a little time to do something that I know my husband will not do today, and that is to fully sing his praises. There hasn't been a single second through this experience that standing by your side hasn't left me in awe. You used this time to reveal your truest essence. Your stubborn optimism and unflinching courage. Your dazzling brilliance and unpretentious decency. Your ferocious work ethic, and absolutely unshakable moral fiber.

[America Votes Q&A @basebender]

CPI at least better than or as expected across the board.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: May CPI inflation rises to 4.2%, the highest level since April 2023.

Core CPI inflation also rises to 2.9%, the highest since September 2025.

Inflation in the US is officially back above 4% and more than double the Fed's target.

Odds of Fed rate hikes are rising.

[America Votes Q&A @basebender]

Takeaway: $39B in new AI server orders ‘received in recent weeks.’ $SMCI contradicts $AVGO perceived slowdown.
$ORCL ER tomorrow will provide more color.

[The Transcript @TheTranscript_]

Supermicro is raising up to $7B through common stock, mandatory convertible preferred shares, and an ATM program to fund components for ~$39B of AI server orders received in recent weeks.

$SMCI: -8% AH

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iran announces that it is HALTING its military operations against Israel after several attacks by both sides.

Details include:

1. The IRGC warned that any further strikes by Israel in Iran or Lebanon would trigger "a far stronger and more forceful response"

2. The move comes an hour after President Trump said "Israel and Iran must immediately stop shooting"

3. Trump also announced that "Both sides, Israel and Iran, are looking to do an immediate ceasefire"

US stocks are rising on the news.

[America Votes Q&A @basebender]

@Lady_FanAccount @jaketapper This song was also a tribute to his late wife and love of his life, June Carter Cash. Best version.

[America Votes Q&A @basebender]

@KobeissiLetter $NVDA YoY revenue growth is 92% on today’s report ~Q1 2027 earnings report

[America Votes Q&A @basebender]

Man, @POTUS is helping everyone, including himself. Hmm, who is being left out here?? #MAGA all about that base;)

[Narendra Modi @narendramodi]

كما شهدت هذه الزيارة إلى دولة الإمارات إبرام اتفاقيات محورية في قطاعات حيوية، مثل الطاقة والدفاع والبنية التحتية والشحن والتقنيات المتقدمة؛ مما منح دفعة جديدة للشراكة الاستراتيجية الشاملة بين الهند والإمارات. وفي تطور مهم آخر، أعلنت دولة الإمارات عن استثمارات بقيمة 5 مليارات دولار في الهند، وهو ما سيعمل على تعميق الروابط الاقتصادية بشكل أكبر.

[America Votes Q&A @basebender]

@KobeissiLetter Nothing burger. Egg on face. Bells n whistles. So many metaphors to mix. So not a surprise if you’ve accepted @POTUS as the selfish n shameless stooge he is.

[America Votes Q&A @basebender]

One major difference between now and April 2025: EARNINGS (and $MOVE index calm, credit spreads tight)

[The Kobeissi Letter @KobeissiLetter]

It's like clockwork.

The 10Y Note Yield is now above 4.50% for the first time since June 2025.

This is the same level that resulted in President Trump's "90-day tariff pause" in April 2025.

Meanwhile, rate HIKES are now the base case for the Fed's expected next move.

As a result, average rate on 30Y mortgage in the US is nearing 7% and inflation is at a fresh 3-year high.

Seemingly overnight, "higher for longer" interest rate policy is back.

How long can this last?

[America Votes Q&A @basebender]

@DKellerCMT Yet, $TNX down about 1% and breadth looking much better this AM

[America Votes Q&A @basebender]

@KobeissiLetter Q🙋‍♀️: Can money supply push $BTC over the 200 MA before equity momentum reverses?

[America Votes Q&A @basebender]

When will the breakout in $TNX start to matter in the equities market?

[America Votes Q&A @basebender]

$DRAM

[Trade Whisperer @TradexWhisperer]

Same sector. Completely different multiples.

$MU 8x Forward P/E
$SNDK 10x Forward P/E
$WDC 28x Forward P/E
$STX 30x Forward P/E

A 16x re-rate gets
$MU at $1600
$SNDK at $2500

And they would still be the two cheapest names in the group by a mile.

[America Votes Q&A @basebender]

@Mercurial101101 @JoJoFromJerz @WhiteHouse "At the current moment" keep it simple stupid. So you don't come off so simple;)

[America Votes Q&A @basebender]

@CryptoNobler And let's not forget earnings, esp MAG!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump extends the US ceasefire with Iran indefinitely.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iran officially reopens the Strait of Hormuz for ALL commercial vessels for the remaining period of the ceasefire.

Iran's statement below:

"In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organization of the Islamic Rep. of Iran."

[Emmanuel Macron @EmmanuelMacron]

Je viens de m’entretenir avec Peter Magyar pour le féliciter de sa victoire en Hongrie !

La France salue une victoire de la participation démocratique, de l’attachement du peuple hongrois aux valeurs de l’Union européenne et pour la Hongrie en Europe.

Ensemble, faisons avancer une Europe plus souveraine, pour la sécurité de notre continent, notre compétitivité et notre démocratie.