April

The most recent genuinely vicious counter trend rally I recall was March 2022, SPX broke the YTD downtrend that had formed, reclaimed the 200 day moving average and then kept going for another week. Genuinely seemed like we had torn down the rate hike wall of worry.

🚨BREAKING: SUPER MICRO CO-FOUNDER ARRESTED FOR SMUGGLING $2.5B IN NVIDIA GPUs TO CHINA >SMCI co-founder Yih-Shyan "Wally" Liaw arrested today >personally holds $464 MILLION in SMCI stock >charged with smuggling BILLIONS in Nvidia servers to china >used a southeast asian shell company to funnel $2.5B in servers to chinese buyers >$510 million worth shipped in just THREE WEEKS in spring 2025 >built thousands of fake dummy servers to fool U.S compliance auditors >caught on surveillance camera using a HAIR DRYER to swap serial number stickers >coordinated the whole thing over encrypted group chats >SMCI down 12% after hours >faces up to 30 years in federal prison ITS SO OVER…

This is kind of a big deal. SPX officially trading 24/7 on hyperliquid. Markets are evolving.

🚨 Do you understand what happened in the last 24 hours? > Zuckerberg killed the Metaverse after burning $80 billion on cartoon avatars nobody used > Sam Altman took $13 billion from Microsoft then sold OpenAI's cloud to Amazon for $50 billion.. Microsoft just found out they funded their own competition > Anthropic made an AI that takes orders from your phone and does your work while you sleep.. > X dropped a dislike button AND a mute-entire-countries button in the same week.. > YouTube asking you to flag AI slop is just Google getting 2 billion people to train their next model for free > 93% of US jobs can now be partly done by AI.. Same week companies started giving the weakest raises since 2008 > Apple started rejecting vibe-coded apps from the App Store > xAI is paying Wall Street bankers $100/hour to teach Grok how to replace Wall Street bankers.. They're taking the money.. > A mystery AI model appeared on benchmarks beating everything.. Developers think DeepSeek is quietly testing their next weapon > Bloomberg asked "Is the AI bubble about to burst" the same day Nvidia said the chip market will hit $1 trillion.. One of them is dead wrong.. > The UK government backed down on AI copyright after artists revolted.. First government to flinch > The Fed said rate hikes are back on the table and blamed AI data centers for making inflation worse And it's only Wednesday. See you tomorrow. It'll be worse. If you're not following me you're finding out about this stuff 48 hours late from someone who read my post

JUST IN: Meta is shutting down its metaverse