Syz the moment

Saudi Arabia’s Public Investment Fund (PIF) just made a big statement. In Q3, the near-$1 trillion sovereign wealth fund fully exited nine US-listed companies — including names like Visa and Pinterest — cutting its exposure to US equities by 18%. Yet PIF still holds $19.4B across six US-listed giants, including Uber and Take-Two Interactive. For context? Its US equity holdings once peaked at $56B in late 2021. And then there’s the gaming play. 🎮 PIF has kept its stake in Electronic Arts — but that will soon shift off the US-listed books once the $55B take-private mega-deal closes. It’s the largest leveraged buyout in history. PIF is leading the consortium alongside Silver Lake Capital and Jared Kushner, with PIF writing the biggest equity check — positioning it as EA’s majority owner. This is just the latest move in a fast-growing gaming investment spree driven by Crown Prince Mohammed bin Salman’s personal interest in the sector. All of this lands right before the crown prince’s highly anticipated visit to the White House on Tuesday, where he is expected to meet President Trump and sign a series of major defence and trade agreements. 💬 Big question: Is this a strategic portfolio rebalance? A geopolitical signal? Or the beginning of a new investment era focused on entertainment, gaming, and national digital transformation? What’s your read on this move? Source: FT https://lnkd.in/e69yETNc

Source: Cointelegraph

You can pin most of it on a hit to exports from U.S. tariffs hammering demand. Consumer spending barely moved at 0.1% growth. Business investment held steady at 0.3%, suggesting corporate confidence hasn't completely evaporated yet. Source: StockMarket.news

And it’s coming with a major shift in strategy. New Prime Minister Sanae Takaichi isn’t tiptoeing around slow growth or budget pressure. She’s going all-in with: ✅ Tax cuts ✅ Help with rising utility bills ✅ Direct support to local communities — even food aid But here’s the real story 👇 Japan isn’t just trying to ease short-term pain. It’s placing massive strategic bets on the industries that will define the next decade: 💡 Artificial Intelligence 🔧 Semiconductors 🚢 Shipbuilding 🛡️ Defence & advanced manufacturing This is about future-proofing Japan’s global competitiveness — especially in Asia’s fast-moving tech ecosystem. 💼 What does this mean for investors? This stimulus could be a major tailwind for: 📈 Japanese equities 🛍️ Consumer-focused sectors 💻 Tech, AI, and semiconductor plays But there’s a twist: expect some yen volatility. With the government coordinating closely with the Bank of Japan to keep interest rates low, markets will be watching every move. 🔍 The big question Will this $110B push spark sustained long-term growth — or just a short-lived burst of momentum? The world is watching closely. Because how Japan executes this plan could reshape Asia’s tech supply chains and become a blueprint for how far government spending can go in revitalizing an economy. Source: StockMarket.news

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

Source: J-C Parets

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

Can it happen again today? If so, that'll be 11 higher Mondays in a row. Source: Ryan Detrick, Carson