Billionaire investor Peter Thiel fully exited Nvidia $NVD in Q3, selling all ~537k shares that were nearly 40% of his fund, per his latest 13F.
Thiel Macro has cut US equity holdings from about $212m to $74m and is now basically parked in Tesla, Microsoft and Apple. Source: Wall Street Engine
The fact is: we're still in a bull market
Source: J-C Parets
$GOOGL versus $ORACL: what is the message from the market?
Here's a potential explanation by Mac10: "As a proxy for OpenAI stock which is private, we have OpenAI vendor Oracle as proof of the failure of the OpenAI economic model. Oracle is down -35% from the high in clear repudiation of the Ponzi financing model. Meanwhile Google is having its best seven months in company history which shows the superiority of the self-financed model. It's clear that market is saying that Google will "win" the AI arms race, meaning survive this endurance contest". Maybe a bit extreme. But can we say at least that Mr Market has his doubts about the belief there are economies of scale to AI which is why the market is rejecting the OpenAI vendor financing approach and goes "all-in" the self-financing model of Alphabet??? Source: Mac10
When you see the amount of freak-outs we've been seeing on Friday AM lately = tends to end with a higher Monday.
Can it happen again today? If so, that'll be 11 higher Mondays in a row. Source: Ryan Detrick, Carson
🚨 The Cass Freight Index just fell to 2009 crisis levels — should we worry?
Freight doesn’t care about narratives, headlines, or vibes. If shipments collapse, the real economy is hurting. Period. We’re now 3 years into a freight recession, and the index is still down 7%+ YoY. That means the actual movement of goods — the stuff that reflects real production and real demand — has stalled out. Here’s what’s driving the downturn: Consumer spending shifted from goods → services after the pandemic Retailers are still clearing the bloated inventories from 2021–2022 Manufacturing has been contracting for 8 straight months Tariff uncertainty is freezing new orders Trucking added too much capacity during the pandemic, and now rates are too low for carriers to survive A recovery will come… but only after: - Excess trucking capacity clears - Inventories normalize - Manufacturing turns back up The big takeaway: The freight collapse is telling us the goods recession is real — even if the stock market looks unstoppable. Source: Election wizard on X, StockMarket.news, AUgur Infinity
Bitcoin – Next Support Levels
Bitcoin has consolidated 26% since the October highs! Now trading in the discount zone (below the 50% Fibonacci retracement). 👉 Key levels to watch: Imbalance zone: 86'450 – 92'850 Major swing support: 74'424 – 82'531 ⚠️ Critical level that must hold: 74'424 Now it’s all about looking at price action in these key areas. Source: Bloomberg
Gold stocks broke out of a major consolidation.
Copper miners followed with almost the same pattern. Are energy equities next? Source: Tavi Costa
Mom, can you come pick me up?
I'm scared. Source: Trend Spider
