This is a short but important post by Trump.
It means that: 1) The war is over (and the extended ceasefire confirms it) 2) Trump is ok with walking away from Iran even without a deal, and letting the world clean up the Hormuz mess So yes, the war might be over. But the consequences of this war might be felt for a very long time.
S&P500 $SPX has surged right into the upper trend line in place since last autumn.
The perceived bull has been stronger than the actual bull in recent sessions. We’ve gone from undershooting to aggressively overshooting the 200-day MA, in a very one-directional move. Source: TME
*ANDURAND LOST 52% IN APRIL FIRST HALF AS CEASEFIRE HURT OIL BET
Pierre Andurand’s hedge fund lost 52% in the first few weeks of April and is now down 37% YTD Yikes. Probably don’t deserve to call it a hedge fund at this point. Clearly not much hedging going on for Pierre Source: Negligible Capital, Bloomberg
If you invested $10,000 in $CAR on Wednesday, Thursday night you would have $2,900 left...
Source: Brew markets
KPMG is laying off 10% of their audit partners. Meta is also laying off 10% of their employees.
Widespread layoffs at major firms signal a broader reality: no white-collar job is truly secure. This is due to four forces: 1/ Increased competition driven by AI lowering barriers to entry 2/ The need for companies to heavily invest in technology (shifting budgets from labor to capital) 3/ Rapid automation outpacing job creation, and; 4/ ongoing corrections from overhiring during the COVID-era boom. Even top performers and senior leaders are vulnerable. Individuals should take responsibility for their career security by building networks, saving money, and exploring alternative income paths, emphasizing proactive planning to navigate inevitable, ongoing disruption in the workforce. Source: Robert Sterling
China is on track to become the world's dominant nuclear power producer:
China's total nuclear capacity is projected to reach a MASSIVE ~186 gigawatts if all planned projects are completed, surpassing the US at ~118 gigawatts and France at ~76 gigawatts, according to Global Energy Monitor. China currently ranks 3rd globally with ~61 gigawatts of installed nuclear capacity, well behind the US, at ~102 gigawatts. As a result, France, which generates ~69% of its electricity from nuclear power, the highest share of any major economy, is expected to fall from 2nd to 3rd place globally as China's buildout accelerates. The global nuclear expansion is centered on fission technology, which currently makes up ~10% of global electricity generation, with smaller modular reactors increasingly backed by both governments and private capital. The nuclear race is heating up. Source: Global Markets Investor
Trump just announced Iran called off the planned execution of 8 women protesters.
- 4 will be released immediately - 4 will serve one month in prison - Iran responded directly to Trump's personal request made yesterday ahead of negotiations - Trump says Iran's leaders "respected my request as President of the United States"
TESLA $TSLA JUST REPORTED EARNINGS
EPS of $0.41 beating expectations of $0.34 Revenue of $22.4B missing expectations of $22.64 Tesla says Cybercab, Tesla Semi and Megapack 3 are on schedule for volume production starting in 2026 Once in production, expect Cybercab to begin to replace existing Model Y fleet and will be largest volume vehicle in fleet over time Preparations for first large-scale Optimus factory will begin in Q2 Are expanding scope of manufacturing to include semiconductor fabrication in AI inference compute Source: Evan on X
