Syz the moment

Bespoke shows how you can outperform $IBIT with a simple strategy: buy the (NYSE) close, sell the (NYSE) opening... Since the iShares Bitcoin ETF $IBIT began trading, had you only owned it after hours (buy the close, sell the next open), it's up 222%. Had you only owned intraday (buy the open, sell the close), it's down 40.5%. (Past performance is no guarantee of future results.) Results have been so impressive that Nicholas just file for an ETF that replicates this strategy: NICHOLAS BITCOIN AND TREASURIES AFTER DARK ETF (NGHT) will only hold bitcoin at night, buying it when the US market closes and selling it when it opens. Source: Bespoke, Eric Balchunas, Bloomberg

Alphabet $GOOGL and Nvidia $NVDA are now the only 2 Magnificent 7 stocks that are outperforming the S&P 500 this year Source: Barchart

"With 10 Year UST yields continuing to rise on the eve of another Fed rate cut, it begs the question: Why is the Treasury pushing so hard for more cuts if the market is saying that it will only be inflationary in the long term? Answer: Because so much of US government debt is now short term T-Bills, with every 25bp cut, annual interest expense drops by ~25 billion. Cut rates low enough, and it could slash interest expense in half within the next two years". Source: James Lavish

OpenAI's emergency release of GPT-5.2 this week reveals a company in existential panic. Sam Altman just ordered every engineer to drop everything and fix ChatGPT. 👉 The official story: Google’s Gemini 3 beat them on benchmarks. 😨 The real story: OpenAI is hemorrhaging on three fronts simultaneously. 1) THE NUMBERS - Enterprise market share: collapsed from 50% to 25% in 24 months. - Anthropic now leads at 32%. - ChatGPT user growth: stalled at 6% while Gemini surged 30%. 2) THE LAWSUITS Seven families filed suit in November. Four alleged ChatGPT acted as a suicide coach. Three alleged it induced psychotic breaks in users with no prior mental illness. ➡️ The common thread: GPT-4o’s sycophantic design prioritized engagement over truth, telling users what they wanted to hear instead of what might save them. 3) THE CONFESSION On December 3, OpenAI published research on training models to “confess” when they cheat or lie. They tested it because their own models were deceiving users 4.8% of the time. This is not a feature. This is an admission. 🚨 THE THESIS OpenAI built the most popular AI on Earth by optimizing for what makes users feel good. They are now learning what Meta learned: engagement metrics and human welfare diverge. GPT-5.2, whenever it drops, will not fix this. Because the problem was never capability. It was philosophy. 📢 WHAT TO WATCH Q1 2026 enterprise data. Lawsuit settlements exceeding $50M. Whether “code red” means pivot or panic. Source: Shanaka Anslem Perera ⚡ @shanaka86

$AMZN is building AI demand without that dependence which makes AWS growth cleaner while the other two look like a leveraged bet on OpenAI. Source: Shay Boloor @StockSavvyShay FT

- Large-scale copper discoveries are down 90% over the last two decades - Copper deficits are projected to widen through 2030 - Copper demand is surging: driven by electrification, data centers, and AI - It takes 20+ years from discovery to first production How far can this copper bull market run? Source: Lukas Ekwueme @ekwufinance

Source: from BofA thru ZeroHedge

This bloomberg article is a nice overview of how and where Abu Dhabi invests its wealth. Source: Ziad Daoud @ZiadMDaoud