Highest long end yields of my lifetime. Seems like the bond market is calling BS on all of these Iran headlines. Long term borrowing costs going up and high yield savings accounts now offering over 4% on cash.

Oil Prices and Treasury Yields are now the most correlated in 36 years 🚨 🚨

🔴 Iran has agreed to halt uranium enrichment in exchange for the easing of US sanctions - Al Hadath citing sources

Back in NYC for the week! If you’re around and we don’t have anything on the calendar get up with me, still have time open

Trimmed some exposure this morning, going through and seeing some signs of froth in things like altcoin OI relative to BTC OI. Meanwhile second highest spike in bond vol of year and yields showing no signs of stopping. Still keeping a sizable % core BTC posn to hold from 60s.

Cross asset vol space is very very very sanguine while rate vol has spiked higher (MOVE now >100) but the more concerning thing is that the only other one that has moved is...credit vol. Risk needs rates to chill the fuck out or this starts getting messy.

Played my first tennis match today (got smoked), little soosh with the lady, fall vibes off the charts, future looking bright for the coins. Life is such a blessing, have a good weekend

The AI trade is accelerating on record earnings, massive compute demand, and high rental rates for chips. I sat down with @WarrenPies to discuss the under-the-radar indicators he's tracking in the market right now, his favorite sectors and opportunities for the year ahead, and his latest views on the macro setup. This conversation will make you think critically about the AI trade. TIMESTAMPS: 0:00 - Overweight equities 3:30 - Tech-heavy market and AI leadership 5:29 - Macro shocks 11:05 - Low correlations and pair trades 13:37 - Semis and broadening trade 17:35 - GPU availability and rental rates 21:22 - Compute indicators flashing bullish 25:08 - Frontier lab ARR 30:08 - Hyperscalers leadership 32:34 - AI CapEx and the Fed 36:38 - What ends the bull run? 40:32 - Favorite sectors 41:46 - @3F_Research

US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say

Shielded Bitcoin: Private Transfers on Bitcoin L1

We're starting to see some things *ORACLE SENDS FORCE MAJEURE NOTICE OVER NEW MEXICO DATA CENTER

🚨 META JUST UNVEILED THE VR GLASSES 100 grams on your face - about the weight of a deck of cards. Meta says it has “the best display system that we have ever made,” and people in the demo were literally saying “it is like a computer” and “you could edit a whole movie just using the table.” As Mark explained this is cinema, computer, and a game console all in one, with 3D space, virtual screens, hand occlusion, and DisplayPort over USB-C. James Cameron’s reaction is probably the best quote in the whole segment “I’m inspired by what you’ve created. I’d like to see my work in these glasses.” I am completely one shotted these look amazing!

2nd biggest single day jump in the move index (bond volatility) of 2026

WHITE HOUSE OFFICIAL SAYS REPORT THAT US IS CONSIDERING A DIESEL EXPORT BAN IS 'FAKE NEWS'

Wow..

You were certainly right about the reacceleration in the near term when the official data was starting to look soft.

Mortgage rates outright are important, but contextualizing relative to median household income gives a fuller picture. Housing affordability has only been getting worse relative to income since '08.

The economy is absolutely ripping

Instructive to see a post like this get so much traction. B200 rental rates up 30% YTD. Hyperscaler cloud revenues tracking along. Remember: GPU rental rates and token prices were supposed to fall over time. The demand metrics this year have beaten all informed expectations.