Will

For the first time this cycle, the implied December 2027 SOFR rate is above the current Fed Funds Rate. The rate cut cycle is officially in question.

Basis is flat and gotten flatter that’s all this is

[ ZOOMER ] GOOGLE IN TALKS WITH SPACEX TO LAUNCH DATA CENTERS IN ORBIT: WSJ

CME, the largest US derivatives exchange, and Silicon Data are teaming up to create a futures market for computing power, a key factor needed to help power the AI boom bloomberg.com/news/articles/…

I’m very optimistic about the future

Tether is buying more Gold than China

Pretty scary time to not own any assets Memory stocks up several times over and agricultural commodities are touching 14 year highs..

SpaceX is only ~200 satellites away from having launched as many satellites as the rest of the world combined (despite giving the rest of the world a 61-year head start)

🚨 Brad Gerstner Says We Need to Investigate Who is Funding Datacenter Activists “These are highly organized activists moving across the country to stir up trouble in the exact same way they did to stop all fission reactors being built 30 years ago in America. Now we have no nuclear reactors being built, and China's got 100 of them.”

The gap between Wall Street and Main Street has never been wider: US Consumer Sentiment fell -1.6 points in May to 48.2, an all-time low. At the same time, the S&P 500 is trading at a record high near 7,400. Sentiment is now -13% below its 2008 Financial Crisis trough and well beneath the 51.7 bottom of the 1980s recession. Current conditions have plunged -18.8% YoY to a record low as real income expectations have declined for the third straight month. Meanwhile, the wealthiest 10% of households own 87% of all equities. Wall Street is celebrating record highs. Main Street is in crisis.

@EPBResearch god bless

Almost three years ago, I was diagnosed with Stage 4 liver cancer. After ~50 rounds of chemotherapy, immunotherapy, radiation, and a life-saving liver transplant, I am cancer-free. This is my story: I was 12 years old when I first heard the words "Fibrolamellar carcinoma", a rare and aggressive liver cancer that primarily affects children, teenagers, and young adults. It is said that FLC occurs in about 1 in 5 million people. We caught it early, at Stage 1, and surgeons were able to remove the tumor. For the next 10 years, I was monitored closely through bloodwork, CT scans, and MRIs, and I showed no evidence of disease. Life went on the way you hope it does after a childhood cancer. I genuinely believed it was behind me. Then, in November 2023, 18 years after my original diagnosis, sudden and severe abdominal pain sent me to the emergency room. What we discovered changed my life and the lives of everyone around me forever. The cancer had come back, and this time, aggressively. Stage 4. Multiple tumors throughout my liver and lymph nodes, and potentially my pancreas. Surgery was ruled out completely. I moved through clinical trials while the disease continued to progress. The conversations with my doctors were not optimistic. "There's not much we can do." "We're looking to extend your survivability." These were the worst of moments. I was newly married, with life turned upside down and options narrowing. It really felt like there was no hope. That's when my brother found FibroFighters - a patient advocacy and education foundation for those impacted by FLC. From the moment my family connected with Tom Stockwell and Dr. Paul Kent, the organization's medical director and one of the world's leading experts on Fibrolamellar, everything started to change. They gave us direction, a plan, and a sense of possibility we had lost. In no uncertain terms, I am alive today because of them. Over the next 18 months, I underwent nearly 50 rounds of chemotherapy, immunotherapy, and radiation. Remarkably, the tumors began to shrink. In October 2025, almost two years after the night I walked into that emergency room, I received news that was originally impossible: I was eligible for a liver transplant. My sister-in-law, Luisa, stepped forward as my donor, an act of love and courage so profound that I am still, every single day, searching for words large enough to hold it. In the same operation, surgeons performed a Liver Transplant and a Whipple procedure, a one-of-a-kind surgery. I sit here today, seven months later, with no evidence of disease. When you're discharged from the transplant floor of the hospital, you ring a bell. There's a plaque next to it. It says: - I ring it once for myself, to commemorate my journey so far and to reflect on this moment. - I ring it again for those who have supported me and been by my side. - I ring it once more to honor my donor, who has given me a second chance. - I ring it lastly to encourage all of those who are still waiting on the list. This post is my attempt to honor the fourth ring, to help and encourage those still in need. I'm raising money for FibroFighters, the foundation that saved my life. They do extraordinary work for a disease that is still desperately misunderstood, misdiagnosed, and mistreated. Your support helps them do the same for the patients and families going through what I went through two years ago. secure.givelively.org/donate/fibrofi… If you can give, please consider giving. If you can't, please share my story. Either one helps someone still in their fight. Most importantly, to all those impacted by Fibrolamellar, there is reason to be hopeful. I am proof. *** #fibrolamellar #FLC

FASTEST-EVER: $DRAM hit $6.5b in 36 days on the market, faster than any other ETF, incl the Mighty IBIT who took 43 days to hit that mark. Thanks in part to going up 13% on Fri alone and taking in (another) $1b in flows. I'm stunned, frankly. Regardless of what happens from here this was one of the most heads-up, best timed ETF launches I've ever seen.

lithium, copper, & uranium all seem like layup trades tbh lithium == batteries/energy copper == wiring for grids & chips uranium == fuel for nuclear

@blknoiz06 Headline risk with trump xi meeting this week and earnings window but feels like a pretty durable theme

Crypto hedge fund performance over the last 5 years

I feel like not enough attention was paid to the recent JOLTs data and the cratering in business service jobs openings 👀

CME GROUP PLANS TO LAUNCH NEW PHYSICALLY BASED URANIUM CONTRACT IN COMING MONTHS, SOURCES SAY

Paul Tudor Jones on @cnbc “bought more AI stocks” “semiconductors” “It’s a crazy crazy time” brings up introduction of PC, Claude Code -> Microsoft 1981, Windows 95/internet. “beginning of productivity miracles that lasted 4-5 years” “we have a year or two to run” or “we continue to feel like 99” “October/November 1999” in terms of multiples. (either two years to run, another ramp to go)

China is buying size again

Lithium quietly broke out last night during Asia session while everyone is focused on memory. National security and energy independence needs converging with tech build out & commodities flows. (disclosure have been long adjacent names since Iran war started)