In one weekend we went to RSI to pausing AI completely

I don't doubt those guys can cause a much bigger market meltdown but it's already ridiculous

There will not be a real pause

Imagine thinking Trump is going to turn off the engine pulling the Us economy forward while oil is at 100

And the rivalry with China and midterms in the background

hike is priced in at 86% (fed futures), oil is already over 100$ and the risk are as much to the downside than the upside here as positioning is clearly long, and now we have a freak out over a pause in AI.
As always it's possible to go lower but come on, seem like the market is rather resilient in the face of adversarial conditions

NVDA down 1.6% only as well, if the market really believes we were going to pause it would be down a lot more, it's just a headline impact that shall come to pass

If they're idiot enough to pause for real (which again I don't think will happen) I will buy heavily google and meta that i don't think will agree and will be the biggest winners

Chinese Open Source in a way could be a winner but they're uninvestable and if there is a pause the risk of outright ban is very high

It's a funny flip with crypto where we seem to be going toward a potential greenlight agreement (still 30% odds on polymarket but it seems to be moving in the right direction)

Pain?

Yeahhh, Nasdaq not holding his opening low is not great

Market speaking pretty loudly

this is since fut open

Oil making a new high...
It's like everything that can go wrong for stocks is kind of going wrong lol

The last one don't forget to turn the light off

ORACLE CUTS REACH DOUBLE-DIGIT % ON SOME TEAMS - INSIDER. ...

I didn't go shopping, those huge red numbers scaring me a little, I will wait to see what happens with FOMC

imo market slow to update here, Trump is telling free for all no stopping

*TRUMP: THE ADMINISTRATION HAS STOPPED AI "PEOPLE" FROM DOING BAD THINGS LIKE DARIO (ANTHROPIC!), WHO IS NOW PRETENDING TO BE A "PERFECT LITTLE ANGEL" AND WILL CONTINUE TO DO SO: TRUTH POST

I'm TPing goog/igv; I disagree with the market but like bigger powers seem decided to unwind the AI trade who am I to get in front of the train.
I also TPed my small Tsla position