The whole hyperscaler complex is being rerated from a multiple basis because they are moving from cash flow rich, dividend buyback rich financial profiles to leverage balance sheets with no cash flow. And so that's a hugely different— commands a different multiple.

I don't think it's really possible to get core inflation down sub-3% when the government's spending 6% as a percentage of GDP every year in deficits.

we've been talking about, sort of bearish on oil for a couple weeks now because of the, of the issues come that come to head in June. If they don't, you know, get the Strait open, there's a lot bigger problems. But it's clear to me there's more demand destruction going on than what I think people are giving credit for

it's been a straight line of underperformance relative to equal weight, relative to the whole entire market since October... Like fundamentally, they're increasing capex still. They're increasing their debt and share issuance.

That's why I'm levered long silver futures because I think if you're super bearish on Trump, I mean, which I think he's master manipulator. So like that's not necessarily the case. You know, things go to shit. They cut, I think hawkish expectation

these guys have bought $15 billion of Bitcoin and ETH this year, and both assets are down massively year to date. It's just financial engineering scamming retail. Propping up artificial demand.

You have, for the space example, you have the SpaceX IPO 4 months out. You know there's going to be hype going into it. But when you get those ideal entries and you're patient, you've been watching it, then you can get in.

this is why I think Trump's gonna cut a deal that will probably end up being worse than Obama's. Because he— he has to open. He— we're 4 months away from the midterms. He can't re-escalate and engage in another months-long conflict with gas prices where they're at, the consumer health.