Ep. 6 — Oil Hits $100, AI Shrugs

Oil ripped back to $100 on a tighter Hormuz, futures are bleeding, and yet NVDA/AMD are green pre-market. Are we watching AI capex win a staring contest with physics, or is the market again pricing a ceasefire-shaped off-ramp that doesn’t exist?

Today's stories:

• The Tape — Energy dumps even as crude pops, financials wobble on yields, silver outperforms gold, and AI stays bid while futures slide.
• The Footnotes — Silver’s “industrial demand” signal vs. oil’s cost shock, banks in a stagflation squeeze, and PPI as tiebreaker.
• The Nerd Corner — From Hormuz to CPI to the 10-year to AI multiples: the math chain and a 4.45% yield “tell.”
• The Calls — Scoreboard of misses, then fresh bets on NVDA, the 10-year, and QQQ.

The Calls:

• Tom: NVDA closes green today.
• Ray: 10-year breaks 4.40 before the close.
• Alex: QQQ closes below 600.

New episode every weekday before US market open.
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