$200bn Of Capex And This Week Is The Audit
The easy part of the AI trade is over. Anybody can write a check for $200 billion. This week the three biggest names in the trade have to stand in front of the class and show what the money actually…
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Stop watching BTC. Watch ETH.
So far BTC has held. Everything else didn’t. Now if your first reaction to that sentence is relief, we need to talk. Because that is the exact false comfort this market is serving right now.
Don’t Sell This Put
For the past two years the only question the market asked about AI spending was how big the number could get. Like a dog with a frisbee, the answer was always: MORE. This week bullish exuberance and greed finally gave…