Kalshi and Polymarkets are among the pre-IPOs superstars right now...
Source: Bloomberg, Bay Area times, RBC
Gold is only 2.8% of investor AUM... imagine 4–5%.
Source: The Market Ear
Central banks have completely messed up market messaging.
First Fed's schziophrenic communications sent Dec rate cut odds from 80% to 30% to 100%, and now the BOJ just send Dec rate hike odds to 80% from 20% ten days ago! Source: zerohedge
This might force the hand of the Fed...
Powell may have floated the idea of a pause, but the cooling U.S. labor market tells a different story — and it’s opening the door to lower policy rates. Here’s the twist: Inflation is holding around 3.0%, dipped to 2.3%, and is averaging 2.7% for the year. GDP? Still strong. Demographics? Warping the job market. And yet… rate cuts are coming. Why? Because the other half of the Fed’s mandate is screaming for it. Lower rates conveniently support: Debt sustainability Financial-sector stability Liquidity across the system Central banks want lower rates — and their messaging shows it. That’s why we’re hearing nonstop about financial-sector risks, bond-market volatility, and liquidity needs… and far less about headline inflation.
Gold is on pace for its best year since 1979, up over 60% in 2025.
Source: Charlie Bilello
Fed Reserve just pumped $13.5 Billion into the U.S. Banking System through overnight repos.
This is the 2nd largest liquidity injection since Covid and surpasses even the peak of the Dot Com Bubble Source. Barchart
In case you missed it...
Source: Documenting ₿itcoin
🔥 Three Years Since The Launch Of ChatGPT, Here Are The Biggest Winners And Losers 🔥
To celebrate ChatGPT’s 3-year anniversary, Deutsche Bank kicked off “AI Week” — using AI to build every Chart of the Day. And the first set of charts tells an incredible story: 🚀 Winners: The Magnificent 7 didn’t just outperform… they rewrote market history. Nvidia: +1,020% Broadcom: +712% Western Digital: +500% Meta: +499% The Mag-7 as a group? ~+300% since late 2022. Stunning. 💥 Losers: Market darlings turned disasters: First Republic – gone SVB – collapsed Moderna – -85% from 2022, -95% from peak Pfizer? Now trading back at 1998 levels and -60% from its highs, despite 3× the earnings it had in 2000. 💡 The Lesson: In just three years, AI exploded, market leadership flipped, and the biggest winners and losers were almost impossible to predict in real time. Nothing in markets is permanent — not hype, not dominance, not even “blue-chip safety.” A perfect way to kick off AI Week. Source: DB, zerohedge
