S&P 500 SENTIMENT Coming into today, inverse ETF volume had hit 42% of spec total. Without a broader negative catalyst, this is where pullbacks historically stop.

ICYMI NEW POD: Policy Intervention Is Keeping The Bull Market Alive We Cover: 🔸 Trump market management 🔸 Peak hawkishness? 🔸 Asymmetric rates trade 🔸 Will AI politics hit markets? @Tyler_Neville_ @qthomp @fejau_inc TIMESTAMPS: 00:00 Intro 05:11 Trump’s Market Playbook 08:11 The Fed Pricing Trap 12:12 Volatility Positioning Unwinds 17:22 Markets Are Centrally Managed 21:48 Mag Loses Leadership 28:54 The AI Capex Risk 30:17 The Best Rates Trade 34:20 Policy Powers The AI War 38:20 Will AI Politics Hit Markets? 43:52 The AI Access Divide 50:34 The Centralization Trade

BREAKING: New York Knicks win first title since 1973

BREAKING: SpaceX, $SPCX, is now the 7th most valuable public company in the world, worth $2.19 trillion.

"Slam the bid with size!"

The future is going to be incredible. Optimists will win

Nice cleansing in the equity market last few days. Options market as a proxy for positioning looking less concerning now here.

We are experiencing the first bear market in network hashrate in Bitcoin's history. This is the longest stretch without a new network hashrate ATH in the ASIC era. ~258 days since the last ATH and still ~25% below the peak. I wrote about this last month: x.com/alphazeta/status/20539…

Almost 4 years later and getting ready to hear the obituaries once again while valuation readings enter deep value. Time is a flat circle.

2/ $BTC has dipped below the median holder’s breakeven level for the first time since Dec 2022. It now sits within a broader support cluster: Median Realized Price at $64.1K, and the 200WMA at $61.7K. Only ~7% of Bitcoin’s history has been spent below this Median MVRV level.

SETH JARVIS WITH A ROCKET ON THE POWER PLAY!!! THE CANES TAKE GAME 2 IN OVERTIME AND THE SERIES IS TIED 🚨🚨🚨

Business formations have surged 30% since February and now surpass 2021. The Bankruptcy Index is down 26% this year. The economy is reaccelerating.

Yesterday marked the 11th straight day of Bitcoin ETF outflows, the longest streak since launch (beating Jan 2026’s 10-day run). The last 10 days saw the biggest BTC outflow ever (-41,702 BTC), though only the 3rd biggest in dollar terms (-$3.12bn).

[ ZOOMER ] BITMINE FILES FOR PREFERRED STOCK OFFERING OFFERING A YIELD OF 9.5%: FILING

The average get-in price for Game 1 of the Stanley Cup Final in Raleigh is HIGHER than Game 1 of Spurs-Knicks in San Antonio 😳 (via @Gametime)

Hyperliquid, a decentralized crypto platform, is open 24 hours a day, seven days a week. The exchange has emerged this year as a go-to spot for Wall Street’s weekend warriors. on.wsj.com/4dG678Q

Taxes generated from Samsung and SK Hynix are set to pay off half of Korea’s public debt Everything is computer

Boomers absolutely killing it. On top of buying houses for cheap and indices pre covid, now all the Unc’s who worked at IBM Dell HP etc. getting one last big pump into retirement.

Kinda wild how after everything good that happened for Bitcoin this past cycle in terms of ETFs/lending offerings/liquid derivatives it has once again found itself as a non-consensus under owned asset. Time is a flat circle. Quantum/DAT fears are unlikely to persist forever.

The great revitalization of US energy infrastructure, fueled by the govt for national security