JZ

an (unwilling) participant in capitalism and global stock observer

[Jeffrey Currie 🆔++ @CommodMkt]

Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.

Scarcity in the physical world. Repression in the financial one.

Scarcity pushes prices up. Repression holds yields down. The gap between them is the debasement.

Commodities are the only asset class that wins on both sides.

The structural case for commodities has been turbo charged. Underinvestment, deglobalization and electrification all pushing markets like diesel cracks and copper to new highs.

Meanwhile the chokepoints are increasing, from Hormuz to the Red Sea, the Rhine, the Panama Canal, the Black Sea grain corridor and Russian refining capacity. It is becoming increasingly apparent that not a single one of those is reachable by anything in Washington's toolkit whether it be caused by war or weather.

The illusion of abundance is likely behind us. I said as much on CNBC this Monday, and I got long gold, silver and agriculture last week.

Ten points for you to consider. (1/11)

[Ray Dalio @RayDalio]

I’ve been practicing meditation for a long time, and it has easily been one of the most powerful things that’s helped me in my life.

It provides an equanimity—almost like being a ninja. Everything slows down around you, and you are able to deal with whatever comes at you from a place of calm.

More importantly, it opens up a connection between your conscious brain and your subconscious brain. That is where the magic is, because that is where all creativity is trapped. When you quiet your mind and move past the noise, you open up that channel.

It’s a very simple exercise. If you ask me if I would be at the same level of success without it all these years, I don't believe I’d be close.

#Meditation #Principles

[Roan @RohOnChain]

This 1 hour Yale lecture will teach you more about options trading & the exact models Hedge Funds use than most people learn in their entire careers on Wall Street.

Bookmark this & watch, no matter what. It’ll be the most productive start for your week. Then read article below.

[Clara Bennett @CodeswithClara]

🚨BREAKING: You can now run Claude Code for FREE.

No API costs. No rate limits. 100% local on your machine.

Here's how to run Claude Code locally (100% free & fully private):

[vitrupo @vitrupo]

Source: Prof. David Sinclair at the World Governments Summit in Dubai.
https://t.co/gvyzuuOFJz

[sim @simscircuit]

Did not expect a question that starts out 'Do you think before you speak?' to go so well. A+ question from Charlotte Harpur A++ response from Eileen Gu.

[Hao HONG 洪灝, CFA @HAOHONG_CFA]

Gold surges back above 5000. Gold is the anchor for all valuation. This is what trolls could not comprehend.

[Messari by Blockworks @MessariCrypto]

Institutional onchain markets face a structural privacy gap.

Trusted Execution Environments (TEEs) are emerging as core infrastructure for institutional onchain markets by resolving the tension between transparency and confidentiality. By enabling private execution with verifiable onchain outputs, TEEs support settlement privacy, confidential RWAs, and real-time compliance.

Early deployments by @OasisProtocol and @PhalaNetwork show how TEEs can act as privacy coprocessors for regulated DeFi.

[David Ingles @DavidInglesTV]

Here’s (Almost) Everything Wall Street Expects in 2026

Growth👍
Limited inflation downside 🛒
Loose monetary policy 📉
Big government spending 💰💶
Tariffs to stay 🚢
AI 🙅‍♂️🙅‍♀️🫧
Stocks🔼
Dollar 🔽
Bonds: Steeper curve 📈
Commodities: Metals baby🪙

https://t.co/1drc1M4vTN

[Ray Dalio @RayDalio]

This year, I’d encourage you to consider a unique kind of holiday gift — a donation your friends and family can give to the charity of their choice. This kind of gift is far more meaningful, and it's simple. Anyone can do it.

If you’re interested, check out organizations like @TisBest and @DonorsChoose .

I think gifts like these are more in keeping with what the holiday season is really about, so I wanted to pass it along. #GivingTuesday #RedefineGifting

[Joshua Jake @itzjoshuajake]

BREAKING: 🇺🇸 The Federal Reserve has officially injected $29.4 billion into the U.S. banking system via overnight repo.

The most in US history

Economists, are we cooked?

[Steve Hou @stevehou]

As far as I can tell here is what happened. [some of conversation I imagined]

The US Commerce Dept widened export controls of its technologies to a wider set of Chinese companies (all the subsidiaries of sanctioned Chinese cos with 50%+ interests) and started charging Chinese ships higher port fees.

China said bro that’s a dick move! We agreed in Madrid back in June no more dick moves while we still talking! You just totally made a new dick move! The US Commerce Dept said 🖕.

China’s Ministry of Commerce (MOFCOM) then widened export controls of rare earth export and mining/refining technologies and started charging U.S. ships higher port fees.

And then President Trump heard about it and he was already upset that he was snubbed of the well deserved Nobel Peace Prize for saving the planet 7 times this year. So he said China is attacking us! We must retaliate! 100% tariffs on China! [I’m really pissed at Xi bc he totally made another unjustified dick move! But I still might meet with him in Seoul next month bc we are bros.]

Now you are caught up.

[Nicholas Fabiano, MD @NTFabiano]

2 weeks without smartphone internet significantly improved mental health.

The effects were similar to an antidepressant medication.

[investingLive @investingLive_]

Chinese President Xi Jinping has agreed to speak with Trump, call scheduled Friday
https://t.co/BMG8vVCY39

[CNBC @CNBC]

Hedge fund billionaire David Tepper just issued a warning to the Federal Reserve: Be careful not to ease too much.

Here's what he said live on CNBC. 👇️ https://t.co/4CKXtllQLZ

[Tom McClellan @McClellanOsc]

2025 is also 45^2. Enjoy it, math nerds everywhere.

[JZ @jczfinance]

RT @TheLongInvest: Rotation into Chinese ADRs

As we lead into PPI, CPI and Rate Cuts

The market tells you everything you need to know.

A…

[FinancialJuice @financialjuice]

Hong Kong purchases HK$6.429 billion to defend currency peg

[Baby Doge @BabyDoge]

1 like = $1 BabyDoge buyback
1 repost = $1 BabyDoge buyback

[Hao HONG 洪灝, CFA @HAOHONG_CFA]

BUT - just as Chinese banks making all time high, Fitch Rating downgraded six largest Chinese banks’ credit outlook to NEGATIVE.😂