Futures Slide After Bond Yields, Oil Prices Jump Around The Globe

A "Bulging Lobe" Of Polar Vortex Madness Headed For U.S. East Mother Nature across the Mid-Atlantic can only be described by the Katy Perry lyric, “You’re hot, then you’re cold,” as a meteorologist warns that a "tropospheric polar vortex" will sweep across the Lower 48 this weekend into early next week, abruptly ending the summer-like conditions in Washington, D.C. "A bulging lobe of the tropospheric 'polar vortex' will be tracking through the Lower 48, bringing a cold front and much cooler air to the Eastern U.S.," meteorologist Ryan Maue wrote...

OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy The rush by AI companies to go public before the window closes (i.e., "market conditions" emerge) entered its final lap late on Monday, when OpenAI joined its two mega peers in filing for a blockbuster IPO that could value the ChatGPT creator at more than $1tn as it races rival Anthropic to list its shares publicly, following an imminent offering by SpaceX. OpenAI said it had confidentially submitted a draft IPO prospectus to the US Securities and...

The AI Transition: Even Dinosaurs Weren't Stupid Enough To Create Their Own Extinction Event By Peter Tchir of Academy Securities A Bridge Too Far? The AI TRANSITioN? Last weekend we discussed Molotov Cocktails, Volatility, Stability, & Faux Liquidity. In a nutshell, it was about: The transition from one steady state to another steady state can be volatile. A rules-based world, dependent on trade, to a ProSec-based world where each country operates more independently. The transition from a pre-AI world to an AI world. Faux liquidity – or our assessment that market structure is set up to...