‘Market fundamentals are strong and well supported,’ BlackRock CEO Larry Fink said.

Whoops...

"We regret this error," a reporter for the outlet said...

Here we go.....

Wall Street just dumped AI. Hedge funds are massively short Russell. And Nasdaq just flashed a huge reversal signal. This could get violent.

Government brutality. Political intimidation. Corruption. Manufactured fear. Constitutional rights treated as privileges rather than guarantees. The warning signs are everywhere. So why are Americans looking the other way?

Five people were killed & 16 injured...

Hot US PPI report; Retail Sales above forecasts; Claims figures little changed W/W; US is reportedly considering using a MOAB against Iran; US has reportedly suggested that IEA nations supplement oil release with an extra 100mln barrels; Syrian gas export pipeline targeted in attack; “Anthropic’s Q3 sales reportedly missed bullish expectations; TSMC Q3 earnings beat; NVDA CEO says CoreWeave's cost of capital is decreasing; Poor Australian jobs report.

Damn!

"In hindsight, the pain trade was long AI/ short bonds. Now we're watching both sides unwind. ... The market is discovering that demand for compute can grow exponentially, but the capital available to finance it cannot." - Goldman Delta-One

"No wonder the war is so unpopular."

"This should not be controversial, as the criminal statute is clear: Only American citizens may vote in federal elections..."

AI debt isn't expensive yet. But "yet" is doing a lot of work, and the market has already split the AI complex into those who can borrow and those who can't...

The move is expected to save American taxpayers as much as $1.5 billion annually...

Humanoid robots. 

Saifedean Ammous argues that Bitcoin already functions as money when held as a store of value; expects it will become larger and less volatile than gold as it matures...

Think interest rates are peaking? If so, agency mortgage-backed securities (MBS) deserve a look. Think rates have further to climb? MBS may still earn a place in your fixed-income allocation...