Dan Bowden

#CISO #CYBER #SECURITY #INVEST #AI
#Utes #RISK #ECONOMY
#LDS Tweets and stupid comments are my own.

[Ben Jacobs @JacobsBen]

🚨 Exclusive: The White House made a direct call to FIFA to ask Gianni Infantino to review Folarin Balogun’s red card.

FIFA approached for comment and referred to the findings of its independent committee.

FIFA sources insist White House influence could not affect the decision due to the powers contained in Article 27 and the independent nature of the disciplinary panel.

[Dave Portnoy @stoolpresidente]

I never thought I’d see the day a Euro club was in a full on panic having to play the United States in soccer. You can feel the fear an ocean away

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US median home sales price jumped +$8,400 in May, to $424,900, the 2nd-highest since January 2025.

Over the last 2 months, the median price has soared +$31,800, the largest 2-month increase in 4 years.

Meanwhile, the average home sale price surged +$39,200 in May, to $540,600, the 2nd-highest on record.

As a result, the gap between the median and average home sales price is up to $115,700, or 27%.

By comparison, in May 2022, the gap was $79,500, or 19%.

This comes as a growing share of home sales is concentrated among the most expensive properties, lifting the average price faster than the median.

Housing affordability is somehow is still getting worse.

[InScalleyWeTrust @Ficklin4Heisman]

Deeg Sports just reinforcing what we already know: @Utah_Football is NFLU.

[The Kobeissi Letter @KobeissiLetter]

Unprofitable companies are outperforming the market:

Russell 2000 companies with negative earnings per share (EPS) have returned +60% since April 2025.

At the same time, firms with positive EPS have gained +38%.

As a result, the Russell 2000 has rallied +48%, ranking among the best-performing major equity indices.

By comparison, the S&P 500 has risen +38% while the Nasdaq 100 has surged +58%.

The outperformance accelerated in April, as investors rushed into small-cap tech stocks following the Iran-US ceasefire announced on April 7th.

Investors are rewarding AI exposure over profitability.

[Polymarket @Polymarket]

NEW: Anthropic was reportedly given just 90 minutes to take down Fable 5 & Mythos 5.

[Dan Bowden @DanBowdenCISO]

@annmarie Iran has never won a war, and never lost a negotiation

[Eric Spracklen 🇺🇸 @EricSpracklen]

Sellers are delusional and I’m tired of people pretending they aren’t.

Home prices need to drop 30% or more most markets or this number is going to keep growing.

[Mark Ajzenstadt @mardehaym]

None of this is satire.

→ A company spent $500,000,000 on Claude in one month because nobody set usage limits

→ Uber ran leaderboards ranking engineers by how much AI they used, not what they shipped

→ Uber burned their entire 2026 budget by April. Their COO said he can’t connect any of it to consumer features

→ A CTO told Axios employees were using enterprise AI to check the weather

→ Microsoft canceled most Claude Code licenses because the token bill spiraled

→ Companies are now laying people off to pay the AI bill. Not because AI replaced the work. Because the bill replaced the headcount.

[The Kobeissi Letter @KobeissiLetter]

It's official:

Canada has unexpectedly entered a technical recession for the first time since the pandemic lockdowns in 2020.

Real GDP in Canada fell -0.1% in Q1 2026 following a -1.0% contraction in Q4 2025.

This marks two-straight quarters of GDP contraction for the first time in six years.

Economists had expected Q1 GDP growth of +1.5%, yet the economy suddenly contracted.

The weak GDP data coincides with a weak job market as well, as the Canadian economy is likely to remain under pressure amid ongoing US tariffs.

Meanwhile, the household saving rate fell to 3.5%, reaching its lowest level since the Q1 2024 as spending rose faster than incomes.

Canada is facing a major economic slowdown.

[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.

[The Kobeissi Letter @KobeissiLetter]

US home foreclosures are accelerating:

Properties with foreclosure filings rose +26% YoY in Q1 2026, to ~119,000, the highest in 6 years.

The last time foreclosures were at this high was Q1 2020, just before government relief programs and pandemic stimulus caused them to decline.

Foreclosure filings have more than TRIPLED since the post-pandemic low.

The increase has been driven by soaring home insurance bills, property taxes, and homeowner association fees rather than mortgage defaults alone.

In 2025, the average annual home insurance bill jumped +12% YoY, to a record $2,948.

At the same time, average property tax on US single-family homes rose +3% YoY, to $4,427, also the highest on record.

Financial pressures on homeowners are surging.

[Claude @claudeai]

We’ve agreed to a partnership with @SpaceX that will substantially increase our compute capacity.

This, along with our other recent compute deals, means that we’ve been able to increase our usage limits for Claude Code and the Claude API.

[MacroEdge @MacroEdgeRes]

Community Bank and Trust – of LaGrange, Georgia was shut down by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver

#MacroEdge

[Hedgeye @Hedgeye]

🇺🇸 Here's what $39 trillion in debt really means:

If we confiscated every dollar of U.S. corporate profit ($3.8T/year), it would take over 10 years to pay off.

Sell every ounce of gold ever mined: $32 trillion. Still $7 trillion short.

Liquidate every Bitcoin in existence on top of that: $33.5 trillion. Still $5.5 trillion short.

If we confiscated every dollar of federal tax revenue ($5.3T/year), it would take over 7 years to pay off, assuming zero spending.

The debt is 71% of every home in America, or 30% of every publicly traded company on Earth.

The debt grows by $7.2 billion a day, or $84,000 a second.

This is a problem.

[The Kobeissi Letter @KobeissiLetter]

It's official:

The world is now experiencing its biggest energy crisis in history, with 600 MILLION barrels of lost oil supply.

US gas prices are up +47% since December and inflation is nearing 4% in a similar path to the 1970s.

What happens next? Let us explain.

(a thread)

[The Church of Jesus Christ of Latter-day Saints @Ch_JesusChrist]

“Our understanding of eternal truth is not forged in a single moment—testimony is built over time, day after day, both best days and worst.” — President Emily Belle Freeman #GeneralConference

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Private credit giant Blue Owl Capital was struck with a "mammoth" $5.4 billion increase in redemption requests in Q1 2026, per FT.

Details include:

1. Withdrawal requests at Blue Owl's tech-lending fund have surged to 40.7% per cent of the fund’s $3B value

2. Concerns have intensified about the health of the private credit market

3. Requests to exit the the firm’s marquee $20B direct-lending fund surged toto 21.9% of the fund’s value

4. Blue Owl said it has limited withdrawals to 5 per cent at both vehicles

Private credit markets are under pressure.

[LayoffHedge @LayoffAI]

We continue to dive deep.

The H-1B "cap" is 85,000 per year.

In FY2024, USCIS approved 399,402 petitions. That's not a typo.

Extensions, transfers, universities - none count against the cap. Renewals? Don't count. 79% of the system has no limit at all.

The cap is theater.

[Wall Street Mav @WallStreetMav]

The same two things are said repeatedly by CEOs and politicians and news media. But never at the same time.

1) AI will automate millions of jobs out of existence.

2) America must bring in unlimited H-1B's.

Both cannot be true.
They don't make any sense together.