The US stock market is rewriting every record in the financial history books: The top 10 US stocks now have a combined market cap of $25.3 trillion. If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China. The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world’s 2nd-biggest economy. Together, these companies are now worth ~80% of US GDP. Furthermore, the top 5 companies alone have a combined market cap of $18.6 trillion, exceeding the value of every global stock market outside the US. Truly unprecedented numbers.

In the repost below, I argued that the stock market is now 2 asset classes: AI and Everything else Consider yesterday's closes S&P 500 1.65% S&P excluding AI stocks -0.11%. This is over 400 of the 500 names. AI Winners 5.65% Take away AI, and the stock market lost money.

The U.S. Strategic Petroleum Reserve has been drained to the lowest level in 42 years

Donald Trump told reporters that his team might buy US stakes in artificial-intelligence companies and said he would host a meeting with AI executives as soon as next week reut.rs/4uV9zmg

NEW: President Trump announces a major shift in energy funding, revealing plans to completely dismantle a massive Green New Deal initiative in favor of revitalizing America's coal industry: "Finally, we're taking nearly $200 million — it was set aside for the 'Green New Scam.'" "The 'Green New Scam' is history and repurposing that money so that we restart a coal plant in Maryland and help build two brand-new coal plants in Alaska and West Virginia."

HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts zerohedge.com/commodities/hs…

Gold replaces US Treasuries as world’s top reserve asset, ECB says ft.trib.al/NQKj5B3

The U.S. is now spending more on data center construction than on public transportation infrastructure, according to new Census Bureau figures out today (bloomberg.com/news/articles/…)

RT @chigrl: got energy? got metals? Spending on data-center construction in the US eclipsed $50 billion in April for the first time, acco…

Samantha LaDuc: AI Mania Building into SpaceX, OpenAI, Anthropic IPOs @SamanthaLaDuc youtu.be/puov4hWPBGE?si=cOip…

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday. The report, in a translated post on the social media site Telegram, homes in on Israel’s military strikes in Lebanon against Hezbollah. Read more: cnb.cx/4dILKYK

BREAKING 🚨: Japan Japanese Crude Oil Reserves plunge by largest amount in history 📉📉

Copper hits highest monthly close in history

I had the pleasure of chatting with Jim Puplava of @FinancialSense_ this week! 🙏 financialsense.com/podcast/2…

Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round cnbc.com/2026/05/28/anthropi…

BREAKING: The Trump administration was preparing Friday for a fresh round of military strikes against Iran, according to sources with direct knowledge of the planning, even as diplomacy continued. No final decision on strikes had been reached as of Friday afternoon. cbsn.ws/4dX9MPA

We are currently seeing the fastest growth in US money supply in four years. And again, let’s stop solely blaming the war for this: Inflation is fundamentally a monetary phenomenon. tavicosta.substack.com/p/inf…

Russia is selling its gold reserves at a rapid pace: The Bank of Russia's gold holdings dropped -900,000 ounces in the first 4 months of 2026, to 73.9 million ounces, the lowest since February 2022. Gold prices averaged ~$4,800 per ounce over the same period. Therefore, if Russia sold gold at the market price, the sales are estimated to have generated ~$4.3 billion in proceeds. Russia's central bank began reducing its gold reserves last year after the Finance Ministry liquidated gold and foreign currency assets from the National Wellbeing Fund to offset budget deficits driven by declining energy revenues. Before the pandemic, the Bank of Russia used to be one of the world’s largest official gold buyers, taking in nearly all domestically mined output until it halted purchases in early 2020. Russia is increasingly selling gold to raise cash.

Interview: @steven_kotler discusses his latest book, We Are as Gods, co-authored with @PeterDiamandis, on resurrecting extinct species from the grave, curing blindness, merging with superintelligence, and extending human life financialsense.com/podcast/2…

The 9.92M barrel weekly draw from the Strategic Petroleum Reserve is the largest single-week decline on record going back to 1982.