AI isn’t a sector anymore. It’s the whole game. You’re not investing in AI stocks. You’re investing in who owns the infrastructure to train, deploy, and profit.

TJ should be thinking bigger than Lambo too $ENVX

Back to back accumulation signals for $IWM, Discretionary (equal-weight) to new relative highs, and Bitcoin through $120k... the world still looks OK to us from our perch. Strategas

More deflation…just like lumber prices $MCD

$ENVX $ENVXW

In fact, when the Fed cuts rates within 2% of all time highs, the S&P 500 loves it. In 20 of the last 20 times this has happened: The S&P 500 has risen an average of +13.9% over the following 12 months, per Carson Research. Asset owners will party like its 2021.

Friday was a 91.5% upside day, which we usually see towards the beginning of a move, not after an extended one. (I report; you decide.) UVOL/(UVOL+DVOL); Lowry’s definition. Data per wsj.com. See cmtassociation.org/wp-content/upl… for explanation.

Friday was a rare 90/90 day, meaning 90% of the volume and stocks on the NYSE were higher. These events tend to be quite bullish, with the S&P 500 higher more than 90% of the time a year later and up more than 23% on average.

Headed into the final hour of trading… $ENVX $ENVXW Early expiration?!

Global growth reaccelerating? Discuss among yourselves… Strategas

This morning, my coworker sent a Teams calendar invite for this afternoon at 3:00 I immediately called the police with a false anonymous tip that he has a large stash of meth in both his Honda Civic and apartment Both are being raided as we speak. The call has been canceled

The Great “Flippening” is upon us

In 2022, the US decided to not just sanction Russia for the invasion of Ukraine, but to seize Russian assets and reserves. This was a major inflection point. The neutrality of US Treasuries, or at least the image of neutrality, was severely damaged.

So once again, someone explain to me how exactly AI capex is all a bubble? $NBIS got a $20B deal for 5 years. Their market-cap was $15B at end of day. Microsoft, a hyperscaler, already is spending massive amounts on capex. The AI bears will tell you the entire capex lifecycle

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