🚨 Michael Burry just dropped a bomb on NVDA. He documented a Bermuda-based scheme where US retirees unknowingly fund NVDA’s own revenue: 👴 Retiree buys “safe” Athene annuity ↓ 🏝️ Athene ships $291B to Bermuda at 16.6x leverage ↓ 💼 Bermuda money → Apollo’s $1T private credit ↓ 💰 Apollo creates $3.5B debt for VCI (SPV) ↓ 🚨 NVDA invests $1.9B as LP into VCI ↓ 🛒 VCI buys $5.4B of GPUs from NVDA ↓ 📈 NVDA books it as REVENUE ↓ 🤖 100K GPUs leased to xAI The math: NVDA is self-funding 35% of this revenue. Retirees absorb all the real risk. Apollo extracts 6x fees. 34.7% of the Bermuda balance sheet is “Level 3” (no market price). This is Enron-style circular revenue, but at AI bubble scale. Burry’s positioning: $1.1B notional in puts, 80% bearish. When this structure unwinds, the AI bubble repricing will be violent. Source: @michaeljburry , May 2026 / Scion Asset Management

DARK POOL SCANNER | June 12, 2026 Both tapes buy $MSFT. Both tapes buy $INTC. Both tapes buy $SPY. The dark pool agrees with the lit tape. For the first time in weeks. 518 off-exchange prints ≥$5M. Dark pool: $742M net buy. The dark pool is positive. Not flat. Not hedging. Positive. Dark Pool Buyers: $INTC $743M (10 prints, ZERO dark pool sells, BOTH TAPES AGREE) $SPY $558M (62 prints, BOTH TAPES AGREE) $QQQ $219M (81 prints, BOTH TAPES AGREE) $MSFT $177M (18 prints, BOTH TAPES AGREE, FIRST TIME) Dark Pool Sellers: $DIA -$891M (36 prints, $30M buys vs $921M sells) $IWM -$687M (46 prints, BOTH TAPES AGREE SELL) $META -$95M (17 prints) $AMZN -$57M (26 prints) Both tapes agree. The structural hedge paused. For five of the last seven sessions, the dark pool sold indexes while the lit tape bought. The pattern held through panic, bounce, CPI, and peace. Today it paused. $SPY: $2.82B lit, $558M dark. Both buy. $QQQ: $3.12B lit, $219M dark. Both buy. The index divergence resolved. $MSFT: $177M dark pool. $782M lit tape. Both tapes agree on $MSFT buy. The first time since the distribution began. The dark pool sold $MSFT with zero or near-zero buys for weeks. Today: $177M buy. On both venues. The distribution ended simultaneously on both tapes. $INTC: $743M dark pool with zero sells. $1.97B lit tape with $8M sells. Both tapes. Zero opposition on the dark pool. Near-zero on the lit tape. The most complete cross-venue Intel accumulation signal of the series. $DIA: -$891M. The Dow ETF sold in the dark pool with $30M in buys. Near-zero. The dark pool is buying $SPY and $QQQ but selling $DIA and $IWM. Rotating between indexes. Not hedging all of them. That's a new pattern. The dark pool is differentiating: buy the S&P and Nasdaq, sell the Dow and Russell. Tech-weighted indexes in. Old economy and small cap indexes out. $META: -$95M. $AMZN: -$57M. The ad platforms continue to sell on the dark pool. Week fourteen ends. The dark pool agreed with the lit tape. The distribution paused. $MSFT bought on both venues for the first time. $INTC zero sells on both venues. The structural hedge that held for five sessions resolved on the broadest day of the month. FOMC next Wednesday. First Warsh decision. Both tapes are aligned heading into the most important rate decision of the year. Now you're watching both.

So is not Approved nor Accepted! Bunch of bullshit

Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine. In support of President Trump‘s Executive Order to end federal funding of dangerous gain of function research around the world, and increase transparency and accountability, ODNI will continue working with partners across the Administration to identify where these labs are, what pathogens they contain, and what “research” is being conducted. odni.gov/index.php/newsroom/…

Today. 🚀 @SpaceX $SPCX

RT @ericnuttall: The market remains solely focused on the # of ships EXITING the Strait (~80MM Bbls to go). I'm much more interested in the…

The oil markets are ‘sleepwalking’ while the Trump administration manipulates the narrative - CNBC

A reminder of how many times Trump has said a deal is right around the corner with Iran

I was impressed when oil was no longer overbought in the midst of an oil crisis. 2B barrels later, its close to being oversold on the daily. If this was "demand destruction" you would see prices flame out and stabalize around 100. This is complete manipulation. It will end poorly

RT @HFI_Research: This is so funny.

Shorting $USO right now is like betting against a rental property where the landlord is collecting rising rents and fees from you. You might be right its overvalued. But if cash flow keeps coming in strong, your timing has to be perfect. Retail shorts may be using the worst vehicle at the worst point in the physical setup. If Cushing keeps drawing down, $USO just needs front-month WTI to stay tight enough that the short thesis gets delayed. #hormuz #oil #oott #wti

Today is very simple. All positions closed (no trading after a loss or event like yesterday) i will spend all day in the spa reflecting on how many fucking times the war ended and i could have short each time 🤣 i need trumps contact to get a heads up next time

This week in oil markets: - Israel attacked Beirut - Iran attacked Israel - Israel attacked Iran - Iran downed a U.S. Apache helicopter - The U.S. attacked Iran - The U.S. Navy disabled three oil tankers - Iran fired on Bahrain, Kuwait, and Jordan - Iran declared the Strait of Hormuz closed Now here's the graph: oilprice.com/futures/wti/

Rising Treasury yields are now the biggest threat to the equity market: The 3-month correlation between the 10-year Treasury yield and the S&P 500 is down to -0.62, the lowest in at least 15 years. This means that when Treasury yields rise, stock prices fall, and when yields fall, stocks rise. By comparison, during the 2022 bear market, this correlation never crossed -0.50, making the current reading the most extreme negative relationship in decades. Following the 2008 Financial Crisis, yields and equity prices moved in the same direction, supported by strong economic growth and earnings expectations. Currently, rising yields reflect surging inflation fears rather than growth optimism, weighing on stock valuations rather than signaling economic strength. Keep watching the bond market.

Ceasefire, bomb, ceasefire, bomb, ceasefire, bomb

US PPI inflation for May came in hotter than expected at the headline level but softer at the core level (please see the Bloomberg table below). Echoing yesterday’s CPI data, this suggests that the PPI spillover from energy into broader prices remains relatively muted for now. It also suggests that the pass-through from PPI to CPI is being offset by margin pressure. #economy #inflation #markets

Dear President … Finish them! 🇺🇸🇺🇸

U.S. Fuel tankers preparing

🚨 BREAKING: WAR IN IRAN

Difficult day trading today, choppy

Trump on Iran: We are going to be attacking them and attacking them very hard. We will be resuming bombing. We have the right to do that. They shot down our helicopter.