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$ASTS reality check (Q2'26):
💰 $2.3B cash — but ~$1B capex in 6mo & op burn doubled YoY
🧾 ~$2.5B in convertible notes = baked-in future dilution
📉 Revenue still lumpy/pre-service, stock at 52-wk low ($42)
Huge vision. Funded by your share count. Know what you own.
CPI ran hot. The 10Y spiked to 5.33%... then closed at 5.19%.
Why? Bonds stopped falling WITH stocks and started hedging them.
Nasdaq -1.9%. AI credit cracking. Mortgages 7.5%.
Fear flipped: from inflation to what hikes break.
PPI 8:30. Warsh 11:30pm.
$TLT $QQQ $SPY #CPI
Hot CPI. Yields should've ripped.
10Y hit 5.33%... and closed LOWER at 5.19%.
Not "inflation is fine." It's the bond market betting more hikes break something: AI credit, housing, small caps.
PPI tomorrow. Warsh 11:30pm.
Is the 10Y top in?
$TLT $SPY $QQQ $IWM #CPI#Fed