Syz the moment

Did you know Nuclear energy generates 20% of all US electricity? That's our clean, reliable base load. But here’s the terrifying truth: 🇺🇸 The US once supplied nearly all its own Uranium fuel. TODAY: The US imports nearly 100% of the uranium we use. Let that sink in. One-fifth of US power generation is entirely dependent on foreign governments. In a world defined by geopolitical turbulence and supply chain risk, this isn't just an economic issue—it's a massive national security risk. The Mandate is Clear: The US must shift from relying on external sourcing to securing a resilient, domestic nuclear fuel cycle. Self-sufficiency is no longer optional; it’s paramount for energy independence and long-term stability. Source: Lukas Ekwueme @ekwufinance

High Beta is making new all-time highs, AND it's making new all-time highs relative to Low Volatility. That's not weak breadth. That's not deterioration. That's called a raging bull market.

Here's the thing about that electricity: it's from burning fossil fuels like coal - see chart below courtesy of Robin Brooks. Note however that China has massive plans to progressively replace fossil fuels by renewables and nuclear.

Here's his view: ▪️Positioning remains deeply bearish. ▪️U.S. oil and gas rigs are contracting meaningfully. ▪️Oil is trading near one of the cheapest levels in history relative to the money supply. ▪️Energy’s weight in the S&P 500 is hovering near record lows. He sees energy equities as one of the most fundamentally attractive corners of the market right now. Your thoughts? Source: Tavi Costa, Crescat Capital, Bloomberg

Almost three times. And no, it doesn’t generate more profit than energy companies in the S&P 500. In fact, the combined free cash flow of this sector over the last year is about 20% higher than Nvidia’s. Tech innovation is incredible, but let’s not forget that something still has to power it. Source: Tavi Costa, Bloomberg

Source: Bloomberg, @AzizSapphire

zerohedge: "The money is not the problem: AI is the new global arms race, and Capex will eventually be funded by governments (US and China). If you want to know why gold/silver/bitcoin is soaring, it's the "debasement" to fund the AI arms race. But you can't print energy".

Another 299 GW is already in the pipeline — announced, pre-construction, or under active build. For decades, the U.S. has been the nuclear superpower, leading with 102 GW of capacity (as of July 2024). It’s followed by: 🇫🇷 France — 64 GW 🇨🇳 China — 58 GW 🇷🇺 Russia — 29 GW 🇰🇷 South Korea — 27 GW 🇨🇦 Canada — 15 GW But the status quo is about to flip — and flip hard. 🚀 China’s Nuclear Acceleration China is building at industrial speed. A total of 104 new reactors are in development across 22 power plants — adding 118 GW of future capacity. If completed (and current reactors stay online), China’s total capacity will soar to 176 GW, surpassing the U.S. for the first time in history. 🇺🇸 The U.S. Response The U.S. plans to add just 7 GW, spread across 30 prospective reactors at 8 power plants — bringing its potential total to 109 GW. However, four major reactors are scheduled to retire soon: Diablo Canyon (2 reactors) by 2030 Salem (2 reactors) by 2036 & 2040 ➡️ Together, that’s a 5 GW reduction. Russia (-4 GW) and Ukraine (-1 GW) also have planned retirements. 🌍 The New Global Order (If All Goes to Plan) 🇨🇳 China – 176 GW 🇺🇸 United States – 109 GW 🇫🇷 France – 76 GW 🇷🇺 Russia – 46 GW 🇮🇳 India – 41 GW 🌱 The Next Wave Beyond China, India is the next big mover — with 31 new reactors across 9 plants adding 32 GW. Other countries ramping up: 🇷🇺 Russia – 21 GW 🇬🇧 U.K. – 15 GW 🇷🇴 Romania – 15 GW 🇹🇷 Turkey – 15 GW 🇵🇱 Poland – 14 GW (starting from zero nuclear capacity) 🇫🇷 France – +12 GW 🇺🇸 U.S. & 🇮🇷 Iran – +7 GW each 🔋 The Takeaway Global nuclear power is not fading — it’s accelerating. We’re entering a new era where energy independence, decarbonization, and geopolitics collide. The next energy superpower won’t just be the one with oil or gas. It will be the one with reactors online and uranium secured. Source: Statista