Alex Karp went on CNBC and ripped into Anthropic & OpenAI.
He's definitely biased, but not totally off base.
Lots of companies jumped on AI tokens thinking more usage = success.
But the real question is still:
What actually changed in workflows?
How much did it cost
Credit spreads are still looking pretty calm overall—both high-yield and investment-grade—but they've been creeping up a bit lately.
Full story: https://t.co/hA7buh7uM5
Big moves need a solid foundation. Build up energy to expand.
After a big run, markets need time to digest before trending again.
Chop kills most traders. After that easy dollar move, overtrading eats your profits just when you should be doubling down.
It’s easier said
I've been saying this ever since I bought $META.
Their ad game is solid.
If the AI assistant flops, just offload the extra capacity.
That's real flexibility, way more than the metaverse ever had.
Even if you've got tons of proof against an idea, don't count out the chance you could be wrong. There's always room for a 'black swan moment'. If you've never thought one could show up, you could end up shocked one day.
The retail frenzy is going full insane mode again 😳
The gap between high-beta sectors' 3x leveraged ETFs (long vs inverse) is back to "all in" levels.
Semis, Nasdaq 100, and Tech are leading the charge.
End of quarter and June today.. could be a rough one with choppy moves in the final hour. But I'd buy any dip ahead of those typical early July boosts, and hey, they'll want a green week before America's 250th bday 🇺🇸