Most people don't realize what just happened.
Nvidia just posted what we believe are the most impressive earnings in history, with market-wide implications.
This implies $670+ BILLION in revenue next year, up +2,390% from FY2023.
What's happening? Let us explain.
(a thread)
BREAKING: Global technology equity funds attracted +$15.7 billion in inflows last week, the 3rd-largest weekly inflow on record.
This marks the 4th consecutive weekly inflow of over +$10.0 billion.
As a result, the 4-week average of inflows into tech funds is up to a record +$14.0 billion.
This is 115% above the previous record set in 2025 and 180% above the 2021 high.
Over the last 5 weeks, these funds have attracted +$75 billion, the largest 5-week inflow on record.
Investors are pouring capital into tech at a pace never seen before.
📉 This is sad…
If you make $100,000 a year in 2026, your purchasing power is roughly equivalent to making $24,500 in 1980.
📌 In just 46 years:
• Buying power has fallen by over 78%
• Inflation has dramatically changed what a six-figure income can afford
$FIGR Figure's monthly metrics on their consumer loan marketplace continue to look good in their monthly metrics, while Democratized Prime held steady.
$1.402b was their monthly volume, up 135% Y/Y and 5% M/M.
For reference, their volume for the full quarter a year ago wasn't much more than this month alone.
📊 PCE Data came in this morning for February...don't worry we're just a month behind in data 🙂
Personal income fell $18.2B (-0.1%) in February, while disposable income also slipped -0.1%.
Meanwhile, consumer spending surged +$103.2B (+0.5%), with gains in both goods and services.
Personal saving came in at $931.5B, with the saving rate at 4.0%.
Bottom line… income is declining while spending is rising, pointing to continued pressure on consumers.
Global gold funds are showing the first signs of recovery since the Iran war began:
World gold-backed ETFs posted +9 tonnes of gold inflows in the week ending April 3rd, the highest since the last week of February.
This comes after 4 consecutive weekly outflows of -88 tonnes following the outbreak of the Iran war.
The largest US gold-backed ETF, $GLD, alone added 7 tonnes last week, bringing total holdings to 1,054 tonnes, the highest since March 20th.
$GLD's holdings are still -47 tonnes below the early March peak of 1,101 tonnes, which marked the highest level since April 2022.
Meanwhile, holdings in the silver-backed ETF, $SLV, fell -24 tonnes over the last week, to 15,264 tonnes, near the lowest since November.
Investors are rotating back into precious metals.
Trump in Cabinet Meeting:
“I thought Oil Prices would go up more.
And I thought the stock market would go down more”.
Now that the $SPY index is down -5.25%…
Having the President say this earlier today isn’t exactly the best words of encouragement.
BREAKING: 🇮🇷 Iran has now officially closed the Strait of Hormuz, which carries 20% of the world’s oil supply.
Iran’s IRGC has threatened to SET FIRE to any ship attempting to pass.
This will have a serious impact on oil prices.
The AI boom is fueling the South Korean economy:
South Korea exports surged +47% YoY in the first 20 days of February, the strongest reading in at least 2 years.
This follows a +34% gain in January, marking the 2nd consecutive monthly acceleration in growth.
These figures also came despite fewer working days due to the 3-day Lunar New Year holiday falling within the reporting period.
The surge was driven by semiconductor exports that soared +134% YoY, fueled by AI and data center investment demand.
Furthermore, shipments of computer peripherals and petrochemical products jumped +129% and +11%.
Exports to Taiwan and China rose +76% and +31%, and shipments to the US increased +22%.
South Korea is seeing massive economic growth.
This is absolutely INSANE
Bitcoin just crashed $2,800 in 10 minutes and liquidated $1.07 billion in long positions.
Out of this $696 million in longs were liquidated on perp dex hyperliquid.