I strongly disagree because that assumes immense demand destruction at prices that have not historically caused demand destruction. And we know demand destruction isn’t there yet because the US is on pace to deplete the entire SPR in approximately 2-3 months. If oil has topped, it is not a natural result of market forces, but the result of BOJ and Bessent interventions scaring bulls and institutional buyers out of the market. If that is the case, that’s actually worse for the broader market because the current oil prices do not encourage further production and we need to increase production if we’re going to avoid catastrophe. To make matters worse, UAE’s exit from OPEC makes more drilling all the more unattractive because it will likely result in an oil glut 1-2 years after this is over. I’ve seen lots of traders post bearish oil sentiments and I get the sense that their theses are based on charts rather than the physical reality. Since oil powers the entire economy and there are over 1 billion missing barrels, with that number increasing each day, my thesis is that the physical reality will force prices higher, no matter what lines traders draw on their charts.

---

One of the strongest moves in Tech I’ve seen. Literally moving the markets at a rockets pace.

---

It'll depend on the items I listed though. AMD isn't outrunning or even keeping pace really with Nvidia, which kept getting forgiven because Intel looked like it was going to let them have the server market free. Now that intel is fighting back, AMD is going to have to explain losing on both fronts....again. Which its been a bit, but that's not a good spot for AMD.

---

we are on pace for another taco tuesday next week.

---

4-5 a week is more my pace. They say diamond hands I have diamond cheeks and a heavily serviced plunger

---

By all means NVDA, move at a glacial pace.

---