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The Nasdaq is trying to stage a holiday rally while bond markets are closed based on Coreweave's earnings report that showed a dramatic increase in revenue, but an even more dramatic increase in net losses.
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The Consumer Price Index (CPI) came in higher than expected for October sending markets lower on increasing odds of a Fed rate hike in December.
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Nvidia CEO Jensen Huang has admitted to an extramarital affair with Alice Huang, the Megaspeed executive suspected of being a Chinese Spy.
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The US economy added far more jobs than expected for the month of October as stocks attempt to recover from yesterday's brutal AI selloff.
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Both the Nasdaq and the S&P500 just saw there biggest single day drop in history (measured in points) with anything even remotely associated with datacenters or artificial intelligence getting dumped.
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Hyperscaler stocks ripped on Wednesday following the Democrat midterm sweep while everything else datacenter related sold off hard. How long can this rally last? Not long apparently.
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Idaho Armored Vaults CEO Bob Coleman joins me to talk about the strange price action in gold and silver during a flight to safety in October.
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Stocks are all over the place this morning after Democrats swept the midterm elections last night casting further doubt on the sustainability of the AI Bubble. Let's talk about the winners and losers while skipping pointless the political theater.
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Meta is adding to the deluge of datacenter bond issuance with another $20 billion bond offering just days after they announced a mammoth $96 billion equity offering. This is on top of hundreds of billions in debt and equity issuance from rivals Oracle, Google, Microsoft, Amazon, OpenAI, Anthropic, etc. How much of this can the market take, and what happens when it stops?
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OpenAI is struggling to raise fresh capital and has been forced to lower both their valuation and their funding target due to a lack of investor interest as the market continues to get indigestion from the breakneck pace of AI debt and equity issuance.
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