The great bond divergence: China 10y bond yields now 300bps below 10y USTs.
But this is not due to markets passing judgment on the 2 countries' fiscal profiles. According to Barclays, China's super-low yields reflect its closed capital account, high savings rate, and lack of investable assets. Source: HolgerZ, Bloomberg
This chart is a good reminder that the mining industry is generating profits on a scale no other sector in the market can even come close to matching.
Source: Otavio (Tavi) Costa
$NVDA now earns more in a single quarter than 12 of America’s most iconic companies combined.
That's what happens when one company becomes the core infrastructure layer behind the fastest capital spending cycle in tech history. Source: @StockSavvyShay
Nvidia $NVDA has now added close to $500 BILLION in market cap in a single session.
This is the largest jump in valuation in 1 day by any company, ever. For comparison, Nvidia $NVDA has added more in valuation in the last 24 hours than the entire value of Costco $COST Source: Trend Spider
The S&P 500 is up 33% since the start of 2025.
South Korea: +258% Peru: +147% Colombia: +138% Greece: +127% You never know where the next big winner will be. That’s why you diversify. Source: Peter Mallouk Charlie Bilello
AI, Infrastructure, Defense, Space, and Nuclear are now the top 5 ETF themes of 2026
Source: Hedgeye A16Z
Nvidia CEO Jensen Huang says AI has officially reached its inflection point, shifting from experimental tech to productive, profitable work.
Huang added that more people using AI agents is driving the surging demand for compute: "The amount of compute necessary for an agent versus a human using is probably 15 to 100 times, depending on the type of problem you're trying to solve." Source: Yahoo Finance
Yesterday evening in after-hours trading $NVDA reversed sharply and closed up nearly 4% after a stunning comment from its CFO:
“We expect revenue to grow by approximately 70% in fiscal 2028. This is a supply-constrained outlook.” In other words, the world’s largest company believes it could nearly double revenue again next year—and demand would be even stronger IF SUPPLY COULD KEEP UP. What makes this remarkable is the timing. NVIDIA rarely provides guidance this far in advance. Offering such a confident outlook one year ahead suggests management has exceptional visibility into the AI infrastructure pipeline. The message is clear: The AI investment cycle is NOT slowing down. And the rise of AI agents may be about to unlock an entirely new wave of economic value. This is bullish 🚀 Semis, photonics, memory, power, neocloud, etc. Source: Michael Sikand
