Syz the moment

Source: Nate Geraci

US CPI rose from 3.8% to 4.2% in May, but the increase is mainly driven by higher oil and energy prices linked to geopolitical tensions, not underlying inflation. The key focus is Core CPI, which excludes food and energy and came in lower than expected at 0.2% month-on-month versus 0.3% expected and 0.4% previously, indicating that underlying inflation is slowing faster than anticipated. This shifts the macro outlook for the Fed, as it cannot directly address oil-driven inflation through interest rates. If oil prices fall, inflation could ease and rate cuts may return to the table; if oil rises further, inflation could accelerate and force renewed tightening. Overall, the next move in oil will be decisive for the macro narrative. Source: Bull Theory

Took 45 years to fill. Took 8 weeks to drain. Source: Rand Group

THE STOCK WAS AT $1.13 AT OPEN IF U INVESTED $1,000 AT OPEN YOU WOULD HAVE OVER $36,000 8 HOURS LATER $INHD Source: Gurgavin

The two private investment groups led the financing, one of the largest private credit deals completed, which will fund Anthropic’s purchase of Alphabet-developed chips. It underscores the massive appetite investors have for AI and the deep pockets they are willing to dig into to finance the data centre infrastructure and computing power needed by companies including Anthropic, OpenAI and Meta. Yet the deal, dubbed project “Big Sky”, comes amid concerns that the AI frenzy has overheated the broader market. Shares in chipmakers rebounded on Monday after tumbling last week, led by Broadcom’s fall in market value. It adds to a deluge of chip-backed loans that sparked debate over how quickly graphics processing units would depreciate as AI technology evolves. The transaction wrapped up days after Alphabet completed one of the largest equity offerings in history, as it looks to raise $85bn to fund Google’s AI build-out, and as SpaceX prepares for a flotation that could raise a record $86bn. Anthropic is readying its initial public offering, following its blockbuster $65bn private financing round. Source: FT

Source: Kevin Gordon Bloomberg

U.S. corporations are keeping the largest share of national income since 1950, while the share going to workers hit an all-time low. Source: Hedgeye, Bloomberg

The ChatGPT maker confidentially filed to go public. Potential valuation? 👉 Over $1 TRILLION. And the timing is wild. Within days: • SpaceX is preparing a massive IPO at a $1.78T valuation • Anthropic has already filed • Wall Street’s AI race just went fully public This isn’t just another tech listing. It’s the moment AI officially becomes the center of global capital markets. But here’s the fascinating part: OpenAI is still losing enormous amounts of money. Despite: • 900M+ ChatGPT users • Explosive revenue growth • Record-breaking fundraising • Massive investor hype The company continues burning billions on: • AI research • Data centers • Compute infrastructure • Talent wars And investors still can’t get enough. That tells you everything about where markets believe the future is heading. OpenAI says it “hasn’t decided on timing yet.” Translation: They want optionality. Stay private long enough to move fast… But be ready to tap public markets the second conditions are perfect. Meanwhile: • Elon Musk’s lawsuit against OpenAI was thrown out last month • Discussions with the US government are reportedly happening • Employees may soon get liquidity through a secondary sale This is no longer just a startup story. Source: FT