The United States of America is at war with Iran and gas prices have exploded higher and now the inflation numbers came in this morning and those inflation numbers are way higher than people expected. Lydia Defilis at the New York Times writes, "The consumer price index rose 3.8% in April from a year earlier. That's up from a 2.4% annual increase before the conflict started in February. 3.3% increase was in March and now we are at 3.8%.The increase was driven largely by energy prices, but the core index str ...

The last 2 years have been filled with prediction after prediction of the next financial crisis. The pessimists have been running crazy promise you that destruction's around the corner. Whether it was tariffs, potential inflation, or geopolitical conflicts, everyone kept promising that financial pain was coming.But recession odds just hit a brand new all-time low on prediction markets. Calch's now showing only a 17% chance of an economic contraction. That's down substantially from the nearly 40% odds back i ...

Ladies and gentlemen, the stock market keeps hitting new all-time highs, and it's awesome, baby. Now, the stock market is hitting all-time highs because AI has become a no-brainer trade. There are millions of investors around the world pouring their capital into this trade.But the recent rebound in public equities is being driven by only five companies according to a recent Financial Times article. Now, these five stocks, Alphabet, Nvidia, Amazon, Broadcom, and Apple, they've accounted for half of the S&P 5 ...

All right, ladies and gentlemen, we got to have a serious conversation today. What I'm about to explain to you is probably not what you want to hear, but it's the truth, and so it's important for me to tell you. I posted the following message on X two days ago.I said, "Most of the crypto industry is dead, and it's never coming back. Eventually, people will realize it." Now, to say that this message struck a cord across the industry, that would be an understatement. I have been called an idiot. I've been tol ...