🚨 THIS IS NOT NORMAL The U.S. 30-year Treasury yield just hit 5.52%. Highest since 2004. And it gets worse every day: The Treasury already TRIPLED one of its long-term bond buybacks to $6 BILLION. And yields are STILL going HIGHER. Something doesn’t add up: WHO IS GOING TO BUY THE NEXT WAVE OF U.S. DEBT? Japan has been one of the largest buyers of U.S. Treasuries for decades. Now Japanese yields are above 3%, and Japanese investors have already sold roughly ¥3 TRILLION of overseas debt this year. China is doing the same thing. Its Treasury holdings fell from roughly $696B to $618B in one year. Meanwhile, hedge funds are becoming increasingly important buyers of U.S. government debt. And that changes the game. Central banks buy Treasuries because they NEED reserves. Hedge funds buy them because the TRADE pays. When the trade stops paying, they leave. That means the marginal buyer is becoming much more PRICE-SENSITIVE. And Fed Governor Christopher Waller just said something almost nobody noticed: The historical “safety premium” on Treasuries is basically gone. Investors want to be PAID to hold U.S. debt for 30 years. If buyers demand 5.5%, Treasury pays 5.5%. If they demand 6%, Treasury pays 6%. The Fed controls the short end. It does NOT control what the market demands for 30-year money. And this can feed on itself: Fewer structural buyers → higher yields → higher interest costs → more borrowing → more Treasury supply → higher yields Treasury buybacks can help LIQUIDITY. They cannot create long-term demand. And if the 30-year keeps moving higher, this doesn’t stay inside bonds. Stocks. Real estate. Bitcoin. Everything gets repriced. Remember, I’ve been trading markets for over 15 years. I’m watching where the biggest money moves BEFORE it reaches stocks and Bitcoin. When I see the next major shift, I’ll post it here like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 THIS IS NOT NORMAL The U.S. 30-year Treasury yield just hit 5.52%. Highest since 2004. And it gets worse every day: The Treasury already TRIPLED one of its long-term bond buybacks to $6 BILLION. And yields are STILL going HIGHER. Something doesn’t add up: WHO IS GOING TO BUY THE NEXT WAVE OF U.S. DEBT? Japan has been one of the largest buyers of U.S. Treasuries for decades. Now Japanese yields are above 3%, and Japanese investors have already sold roughly ¥3 TRILLION of overseas debt this year. China is doing the same thing. Its Treasury holdings fell from roughly $696B to $618B in one year. Meanwhile, hedge funds are becoming increasingly important buyers of U.S. government debt. And that changes the game. Central banks buy Treasuries because they NEED reserves. Hedge funds buy them because the TRADE pays. When the trade stops paying, they leave. That means the marginal buyer is becoming much more PRICE-SENSITIVE. And Fed Governor Christopher Waller just said something almost nobody noticed: The historical “safety premium” on Treasuries is basically gone. Investors want to be PAID to hold U.S. debt for 30 years. If buyers demand 5.5%, Treasury pays 5.5%. If they demand 6%, Treasury pays 6%. The Fed controls the short end. It does NOT control what the market demands for 30-year money. And this can feed on itself: Fewer structural buyers → higher yields → higher interest costs → more borrowing → more Treasury supply → higher yields Treasury buybacks can help LIQUIDITY. They cannot create long-term demand. And if the 30-year keeps moving higher, this doesn’t stay inside bonds. Stocks. Real estate. Bitcoin. Everything gets repriced. Remember, I’ve been trading markets for over 15 years. I’m watching where the biggest money moves BEFORE it reaches stocks and Bitcoin. When I see the next major shift, I’ll post it here like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 RAY DALIO’S LATEST PORTFOLIO JUST DROPPED $24.38 billion in positions revealed in the last 24 hours. This is more important than you think: Ray Dalio is a billionaire who has predicted all the major economic crises for years. Here’s what Dalio just did with his portfolio: SPY: Increased by 12.48%. Still his core position. NVIDIA: Added 28.34%. He’s expecting the AI bubble to grow. Gold: Increased by 38.47%. Massive move. Classic Dalio when he expects instability. Oracle: Added 36.18% & Amazon: -6.72%. Interesting: Alphabet (Google): Cut by 18.76%. Microsoft: Reduced by 8.93%. His strategy: Increase exposure to assets that benefit from instability, cut crowded trades, and position early for what’s coming next. Dalio has been warning about this for months. Debt cycle. Currency pressure. Geopolitics. Now his portfolio reflects it. Reminder: I’ve been trading markets for over 15 years. I’m watching investors like Ray Dalio and where the biggest money is moving in real time. When they make the next important move, I’ll post it here publicly like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 BITCOIN IS BEING MANIPULATED, AND I HAVE PROOF Everyone is talking about how Bitcoin went down $4,000 in 15 minutes. Everyone’s posting about it… But almost nobody is explaining what actually caused it. Stop staring at the chart. Look at the flows: Within minutes, wallets tied to Binance, Wintermute, Coinbase, and ETF-linked addresses all became active simultaneously. Large blocks moving between exchanges. MASSIVE market sells hitting thin order books. Why? To trigger PANIC, liquidate longs, and pull new shorts into the market. Here’s what really happened: – Liquidity was thin – Leverage was heavily stacked – Funding was already stretched So price gets pushed lower aggressively. But here’s the part almost nobody is watching: On Friday, $16.2 BILLION in Bitcoin options expires. And if Bitcoin had simply held around $86K, the path was opening toward: $90K → $100K The biggest call positions are sitting ABOVE price. $85K → 10,000+ BTC $90K → 10,000+ BTC $100K → 7,500 BTC At the same time, billions in leveraged long liquidity are sitting BELOW price. More than $20 BILLION in options and leveraged liquidity is now in play. And insiders don’t have to choose one side. They can attack both: Push Bitcoin lower. Liquidate longs. Trigger panic. Pull new shorts into the market. Make everyone believe the bull run is OVER. Then, once retail starts panic-selling and the leverage is gone… BUY THE SAME BITCOIN BACK CHEAPER. If you’re new to this market, understand one thing: Bitcoin almost never makes violent moves like this because of headlines alone. It moves toward liquidity. Watch funding rates. Watch open interest. Watch the liquidation map. Reminder: I’ve been trading markets for over 15 years. I’m watching insiders in real time. When they make the next important move, I’ll post it here publicly like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 $16.2 BILLION IN BITCOIN OPTIONS EXPIRES IN 72 HOURS Bitcoin just broke above $86,000. Now look where the biggest call positions are stacked: $85K → 10,000+ BTC $90K → 10,000+ BTC Exactly where Bitcoin is trading RIGHT NOW. Something doesn’t add up: Why is Bitcoin breaking into the heaviest options zone just days before $16.2 BILLION expires? - $10.33B CALLS - $5.92B PUTS Almost 2:1... Most traders see that and think: “$100K is next.” Wrong question. The real question is: WHAT HAPPENS WHEN ALL OF THIS POSITIONING IS GONE? Because open interest tells you where the positions are. It does NOT tell you who will be forced to buy or sell when price moves through those strikes. And right now, some of the largest expiry positioning is sitting exactly around Bitcoin’s current price. That means the $85K-$90K zone can behave very differently BEFORE Friday than it does AFTER Friday. Then Friday comes. 08:00 UTC. $16.24 BILLION expires. A massive chunk of the current positioning settles or rolls. The hedges around it change. And Bitcoin loses one of the biggest positioning forces influencing this week’s move. That is when we get the answer: Can Bitcoin still hold $86K AFTER the expiry? If yes: $90K → $100K becomes the next logical move. If not: The breakout everyone is celebrating today could unwind much faster than people expect. Save this tweet. Come back after expiry. When I see the move that matters, I’ll post exactly what I’m doing here like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 SOMETHING VERY STRANGE IS HAPPENING Anthropic will go public in November at a $2T valuation. The biggest IPO in market history. And Wall Street is already lining up the buyers before it happens. I've been trading for more than 15 years and have never seen them build demand for an IPO this aggressively: Anthropic is preparing to raise $100 BILLION. Nvidia is lining up as much as $10 BILLION as an anchor investor. Read that again: The company selling the chips powering the AI boom is about to become one of the biggest buyers of the AI company going public. Before the public even gets in. Why? Because Anthropic does not just create demand for Anthropic. It pulls liquidity from everywhere else: - Retail sells stocks to chase the IPO. - Funds raise cash for allocation. - Institutions rebalance portfolios. - Everyone wants exposure to the biggest AI deal in history. But here is where most people are looking at it wrong. They’re asking: WHAT WILL ANTHROPIC TAKE MONEY FROM? I’m asking: WHERE WILL ALL THAT MONEY GO NEXT? That capital funds more compute: More compute means more chips. More chips = more data centers. More data centers = more electricity, grid infrastructure and raw materials. The chain is simple: ANTHROPIC → CHIPS → DATA CENTERS → POWER → COPPER That is where the opportunity starts. The first phase of the AI boom was about the models: ChatGPT. Claude. Gemini. The next phase is about the physical infrastructure needed to keep them running. Electricity. Power grids. Semiconductors. Data centers. Cooling. Copper. I told you to buy copper months ago. We already locked in BIG profits. And that wasn’t random: AI does not run on prompts. It runs on physical infrastructure. Now look at Nvidia: AI companies spend billions buying Nvidia chips. Nvidia makes billions from that demand. Now Nvidia is preparing to put as much as $10 BILLION BACK into Anthropic. AI money → Nvidia → Anthropic → more compute → more infrastructure A $100B raise does not stop at Anthropic. It works its way through the entire AI supply chain. The easy AI trade was buying the obvious names. The next trade is finding the bottlenecks BEFORE everyone else realizes they are bottlenecks. That is what I’m looking for now. That is where the next opportunity will be. Remember, I’ve been trading markets for over 15 years. I’m already watching where this capital is moving next. When I find the next opportunity worth taking, I’ll post it here like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

🚨 BUFFETT’S FINAL PORTFOLIO JUST DROPPED $299B disclosed. This isn’t just another 13F filing. This is Warren Buffett’s LAST portfolio as chairman of Berkshire Hathaway. Here’s what Buffett just did: Apple: UNCHANGED. 227.9M shares. Still one of Berkshire’s biggest positions. Alphabet: MASSIVELY increased. GOOG: +658.35% GOOGL: +45.24% Combined position now worth roughly $37.8B. That is one of the biggest moves in the entire portfolio. Bank of America: Reduced. Again. -5.89%. This has been happening quietly for months. Capital One: Slashed. -58.04%. Ally Financial: Cut another 6.90%. He’s still reducing financial exposure. Now look at what he ADDED: Macy’s: +141.82%. Delta Air Lines: +43.99%. Lennar: +29.82%. Lennar Class B: +25.42%. New position: D.R. Horton. And New York Times: +3.65%. Now the real signal: Chevron. UNCHANGED. Occidental: UNCHANGED. Chubb: UNCHANGED. Coca-Cola: UNCHANGED. He is keeping the core cash-generating positions intact. And cutting elsewhere: Nucor: -52.45%. Kroger: -22.00%. DaVita: -4.05%. Constellation Brands: SOLD OUT. Put it together: He’s NOT dumping tech. He’s making a massive bet on Alphabet while keeping Apple intact. He’s reducing selected financials and industrial exposure. Adding housing. Adding airlines. And keeping energy, insurance and Coca-Cola untouched. And doing it RIGHT before stepping down. He’s leaving Abel: - Massive liquidity. - Maximum flexibility. - Strong cash flow. - Concentrated high-conviction positions. Remember, I’ve been trading markets for over 15 years. I track where the biggest investors and institutions are moving their money. When I see the next major rotation starting, I’ll post it here like I always do. Turn notifications on.

🚨 JAPAN JUST DID THE IMPOSSIBLE The Bank of Japan just raised rates to 1.25%. The highest since 1995. And the yen FELL. Now ask yourself one question: WHY CAN’T JAPAN JUST KEEP HIKING UNTIL THE YEN RECOVERS? For years, the BOJ kept rates near zero or NEGATIVE to fight deflation. Japan built its entire financial system around almost FREE MONEY. Japanese investors could borrow yen cheaply and buy higher-yielding assets overseas. That became the famous YEN CARRY TRADE. But there was a cost: 1) Negative rates crushed bank margins. 2) Massive BOJ bond buying distorted the government bond market. And years of cheap money left Japan extremely sensitive to higher rates. And this is where the trap appears. Japan’s government debt pile is enormous. As rates rise, old cheap debt eventually gets refinanced at higher rates. Japan’s government interest bill has already gone from roughly: ¥8.5T in 2023 → ¥13T in 2026 And that is BEFORE Japan gets anywhere close to U.S. rates. Today: - Japan: 1.25% - U.S.: 3.75%-4.00% The carry trade is still alive. Dollars still pay far more than yen. To really close that gap, Japan would have to tighten MUCH harder. But aggressive hikes would hit: → Government borrowing costs → Corporate borrowing → Mortgages → Bond prices → Economic growth That is why Japan cannot simply keep smashing rates higher. And that is why today’s hike wasn’t enough to save the yen. The market understood something retail didn’t: 1.25% IS STILL CHEAP MONEY. The rate gap is still huge. And the BOJ gave no signal that it is prepared to close that gap aggressively. So Japan faces an ugly choice: Raise rates fast and put enormous pressure on the system built around cheap money. Or normalize slowly and tolerate a weaker yen for longer. Right now, the market is betting on the second option. And a weak yen has its own cost. Japan imports huge amounts of energy and raw materials. A weaker currency makes those imports more expensive and pushes inflation higher. But it also helps exporters and increases the yen value of overseas profits. Japan doesn’t necessarily WANT a weak yen. It is tolerating one because aggressively defending it could be even more painful. Remember, I’ve been trading markets for over 15 years. The biggest opportunities come when central banks get trapped between two bad choices. That’s exactly what I’m watching now. When I see where the money moves next, I’ll post it here publicly like I always do. Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.