Most people know September it is a down month for stocks and Bitcoin historically. But now I think that maybe this September we're going to get an up month. Both stocks and Bitcoin.And here's exactly why. Everyone thinks it's going to be a down month. The second everyone gets off sides and thinks something's going to happen immediately.I started thinking maybe the opposite. Has higher odds. September up.That's not that crazy. Especially because we were down in Bitcoin from the all-time high on September 1st ...

Hello everyone. We've got a lot to discuss today. The jobs report this morning was very, very bad.The Fed should have been cutting rates months ago. We're now entering what I call a crazy uncle market. And Elon Musk, he just got a massive pay package at Tesla and it could make him the world's first trillionaire.We're live today from the desk of Anthony Pompiano. Before we get into today's episode, you know what it is. Hit that subscribe button.We are currently at 20,729 subscribers and I need your help to m ...

Bitcoin Adoption & Corporate Strategy - Corporations are increasingly driving Bitcoin adoption, catching up to initial adoption by individuals [4] - Businesses have emerged as the primary force behind Bitcoin's ongoing bull market [4] - Bitcoin inflows onto business balance sheets in the first eight months of 2025 have exceeded the total for all of 2024 by $125 billion [5] - Treasury companies account for 76% of all Bitcoin purchases since January 2024 and 60% of publicly reported business holdings [6] - A 1% allocation to Bitcoin in 2020 could have resulted in a $14 billion to $29 billion treasury gain for companies like Microsoft, Google, and Apple [12] - Businesses using River allocate an average of 22% of their net income to Bitcoin, with a median allocation of 10% [13] Inflation & Investment - Inflation has eroded the purchasing power of corporate balance sheets by $14 billion to $21 billion since 2020 [11] - Holding cash leads to losses due to the debasement of the dollar, while holding assets like stocks, gold, Bitcoin, and real estate leads to gains [16] - The dollar has lost 30% of its purchasing power since 2020 [17] Monetary Policy & Inflation Target - The Federal Reserve's inflation target of 2% may be too low, and a 3% target might be more appropriate given current economic conditions [20][21][23] - Consumer finances data suggests that 3% is the new 2% [27][28][29]

Market Analysis & Investment Strategy - The report suggests that September could be an up month for stocks and Bitcoin, contrary to historical trends, based on factors like lower entry prices, anticipated rate cuts, and oversold market sentiment [1][3][5][8] - The analysis indicates a 75% confidence level in this potential upward trend for September [8] - The report highlights the potential for mispriced opportunities when market sentiment is heavily skewed in one direction [10] Economic Outlook & Capitalism - The report emphasizes the strength of the American capitalist system, citing its ability to foster competition, incentivize risk-taking, and drive economic growth [11][12][13][14][19] - The report references a $1.1 trillion in M&A activity announced since June, including nearly $300 billion in August, marking the busiest summer since 2021 [19] - The report points out that the S&P 500 has increased by 29% in the last 100 trading days, a rare occurrence since 1950 [18] Saquon Barkley's Investment Portfolio - Saquon Barkley allocated $10 million of endorsement income into Bitcoin at a price of $32,000, which is now worth approximately $34 million [20] - Saquon Barkley typically invests between $250,000 and $500,000 per startup [25] - Saquon Barkley's investment strategy involves a direct approach to founders, driven by curiosity and a desire to understand their mission and values [22][23][24][25]

Government Intervention & Equity Stakes - The US government received 10% ownership in Intel in exchange for previously awarded funds from the CHIPS Act and the DoD secure enclave program [1][4][5] - Critics argue the government's equity stake resembles a communist state, but this ignores historical precedents [2] - The government has a history of taking equity stakes in companies during crises, such as the 2008 financial crisis (TARP program) and the 2020 COVID pandemic (CARES Act) [2][3][4] - In 2009, the government owned 60% of GM, helping control its restructuring and board appointments before eventually selling its shares [3] Industry Impact & Future Outlook - The Intel deal is not an isolated incident, but part of a pattern of government intervention in unique situations [4] - The US government is not expected to take equity positions in private sector companies all the time [5] - The government has a history of getting paid for stepping in to help in unique situations [5]

Market Reaction - Cracker Barrel's stock experienced a 10% increase following the announcement that it would revert to its original logo [2] - The market and investor base showed respect for Cracker Barrel's decision to maintain its established brand identity [2] Brand & Customer Loyalty - Retail customers and investors voiced strong opposition to Cracker Barrel's attempt to modernize its logo [1][2] - Cracker Barrel acknowledged and responded to public pressure, demonstrating a willingness to maintain its historical brand elements [2][3] - The company's decision to retain its traditional image is expected to bring customers back [2][3] Retail Investor Influence - The case highlights the significant influence of retail investors in shaping corporate decisions [1][2][3] - Businesses should be mindful of retail customer preferences and avoid unnecessary changes to established elements [3]

Job Market Impact of AI - AI is impacting the job market, particularly affecting young people and those in AI-exposed occupations [1][2] - Early career workers in AI-exposed occupations experienced a 13% relative decline in employment since the widespread adoption of generative AI [2] - High exposure jobs include software developers, customer service and support, clerical roles, writing and media, and business analysts [1] Economic Perspective - The economywide employment continues to grow despite the decline in specific sectors [2] - AI presents a K-shaped hypothesis, suggesting it can both create and destroy jobs [3] Opportunities and Recommendations - AI lowers the barriers to starting a company, building a product, or selling a service [3] - Individuals should become proficient with the latest AI tools to adapt to the changing job market [4]

Housing Market Trends - The housing market is undergoing a recalibration period after the pandemic boom, with a shift in the supply-demand equilibrium towards buyers [7][16] - A bifurcation exists in the housing market, with Sun Belt and Mountain West areas experiencing more softening compared to the Midwest and Northeast [19][20] - Existing home sales are approximately 13 million below the normal trend, indicating a significant constraint in the purchase side of the mortgage market [35] - Refinance activity is also experiencing a three-year drought, coinciding with the low purchase side, making it a tough period for the mortgage industry [42] Builder Strategies and Margins - During the pandemic, builders had significant pricing power and record profit margins, but they have since compressed margins to entice buyers [3][4][5] - Builders initially used mortgage rate buydowns as a successful lever, but are now resorting to outright price cuts in some areas like Florida and Texas [6][8] - Builder margins have seen compression year-over-year among the top 11 publicly traded home builders, although many still exceed pre-pandemic levels [10] - Some builders are choosing to protect margins by pulling back on the overall number of sales, leading to a softening in single-family housing starts [11] Factors Influencing the Market - The deceleration of migration to Sun Belt areas means local incomes must now support prices, which are detached from underlying incomes [21][22][23] - The "lock-in effect," where homeowners are hesitant to give up lower mortgage rates, is impacting both supply and demand in different regions [28][31] - Tariffs have not had a significant impact on build costs, as only 7% of residential construction materials are imported, and some key materials were excluded from tariffs [13][14][15] Open Door Analysis - Open Door overpaid for homes in boomtown markets and faces challenges in the higher interest rate environment with less housing market churn [45] - There is skepticism about the long-term viability of Open Door's core I-buying business, but opportunities exist for the company to leverage its scale and attention to move into other business avenues [45][46]

I keep getting asked whether we're in an AI bubble. Are things that have gone up a lot about to go down a lot. Well, I thought that David Saxs recently on the All-In podcast had a great tiraate all about what's happening with artificial intelligence.AI is a powerful tool. I mean, I I definitely think it's a new and important form of computing and it is going to unlock tremendous value in the economy, but it's going to take us a while to get there. I mean, you can't just tell the AI, you know, be a sales rep ...

AI对就业市场的影响 - 一项研究表明，由于人工智能的广泛应用，22至25岁的早期职业工作者在人工智能暴露程度最高的职业中，就业率相对下降了13%[6] - 经济整体就业岗位持续增长，但与人工智能相关的岗位上，年轻人的就业机会显著减少[7][8] - 人工智能使得人们更容易在互联网上谋生，降低了创业、产品开发或服务销售的门槛，为年轻人提供了更多机会[10] - 报告建议年轻人应花时间掌握最新的AI工具，这可能直接关系到他们的职业发展[12] 零售业的影响力 - Cracker Barrel 更改品牌logo后，由于零售投资者和顾客的强烈反对，最终恢复了旧logo[13][14] - Cracker Barrel 的股票因此上涨了10%[19] - 零售业拥有话语权和资本，不容忽视[20] 比特币市场分析 - 比特币价格下跌的部分原因是季节性因素，历史上8月底至9月通常表现不佳，9月是唯一一个历史上为负的月份[22] - 传统金融市场的不确定性也对比特币价格产生影响，投资者对利率走向存在疑虑[23][24] - 比特币价格的调整和修正有助于清除市场中的杠杆，为后续上涨奠定基础[26][27] - 预计比特币的价格将在11万至12.5万美元之间波动一段时间，随着更多买家的进入和利率下调，价格有望回升[32] - 随着比特币资金流入市场，市场情绪将受到提振，可能引发FOMO（害怕错过）情绪[31]