$SPCX CEO @elonmusk says SpaceX will build its AI infrastructure exclusively on $NVDA's Vera Rubin:
"Going forward, we've decided to build exclusively on Nvidia, because we think the Vera Rubin architecture is the best architecture. We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia. We're exclusive to Nvidia."
Michael Burry is doubling down against AI stocks and adding more into entertainment and apparel stocks:
Short Positions
1. $MU - Upsized
2. $NVDA - Upsized
3. $SOXX - Upsized
Long Position
1. $LULU - Upsized
2. $DKNG - Upsized
3. $ZTS - Upsized
3. $FLUT - Upsized
No change
1. $TSLA
2. $PLTR
3. $AMAT
4. $JD
5. $MSFT
The 30-year US Treasury yield is sitting right at a big decision point (~5.15%, testing the recent high near 5.20%).
Quick plain-English version of what this means:
This number is basically the long-term interest rate for the US government. When it goes up, borrowing gets more expensive for almost everyone — mortgages, car loans, credit cards, business loans, etc.
Right now the chart is asking one question:
• Does it break higher (breakout)?
• Or does it fail and fall (double top)?
What each outcome means for regular people:
If it breaks higher → Higher rates stick around or get worse.
Your next mortgage or refinance gets more expensive. Companies pay more to borrow, which often hurts stock prices and “riskier” stuff like crypto. Economy can slow. Risk assets usually struggle.
If it tops out and falls → Relief.
Borrowing costs ease up. Stocks and crypto tend to like this (the “bags send” scenario). Your 401k and investments usually breathe easier.
Current lean (based on oil prices, Iran tensions, and Fed signals): Roughly 55-60% chance it breaks higher vs 40-45% chance it fails and drops.
Not financial advice — just the simple version of why a lot of people are watching this one chart right now.
Watch oil prices and the Fed meeting next week. Those will probably decide it.
Iran rejected Trump’s ceasefire proposal via Iraq...
And oil is down.
Again, someone decided to dump a massive amount of oil futures during illiquid hours.
If this isn’t price manipulation, why would anyone intentionally sell into a thin market where the only guaranteed outcome is maximum downward pressure on the price?
🚨Besides the US 10-year, we have the all important US 30-year.
This, my fellow thespians, isn't something that should be ignored; this is as important, if not more important, than the 10-year.
This, my fellow vaqueros, is the cost of debt servicing moving forward.
This is the holy enigma that so many ignore. This is a chart, a pattern: the ascending triangle. The reliability and the hazards that it portrays mimic the 10 plagues of Egypt, threatening to plague the financial system if it breaks and heads toward its measured move. It is likely to nuke the entire system.
Perhaps we should take a moment and reflect on the easier times, as the harder times are coming.
God bless and godspeed.
And on a more positive note: off for a walk. A quick reminder that health is wealth.
Yours truly,
The Great Martis✨
Trump is threatening Iran with war crimes - bombing civilian infrastructure - as his last ditch attempt to end the war.
Bulls are ignoring war risk and buying the dip.
Prepare for explosion.
Housing crash straight ahead?
I disagree with his use of the term hyperinflation but the rest of it is accurate.
In the end housing is such a psychological game based on confidence.