Dispersion And Correlation Are Screaming Overbought, Downside Hedging Is Cheap

Melania Trump's Team Finally Breaks Silence On Natalie Harp Frenzy A key advisor to First Lady Melania Trump has broken his silence against the nonstop media frenzy surrounding President Donald Trump and loyal White House aide Natalie Harp. Evan Vucci/Reuters/Aaron Schwarz/Getty Images The speculation, circulating for weeks across mainstream and tabloid outlets, concerns whether Trump's working relationship with the 35-year-old aide exceeds professional norms - fueled by Harp's near-constant presence at his side in the Oval Office, at public events and on weekend golf outings, and by the first lady's own...

Is The AI Spending Boom Creating A Depreciation Time Bomb? Via City AM, Big Tech's AI spending has exploded, with Google, Microsoft, Amazon, and Meta collectively investing hundreds of billions of dollars in infrastructure. Rapid technological change may shorten the economic life of AI servers and GPUs, increasing depreciation and replacement costs. The long-term profitability of AI will depend not only on demand growth but also on whether companies can justify the enormous ongoing capital requirements. The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories.  Google, Meta, Amazon, and...

Sequoia Partner Shaun Maguire: SpaceX's New Millionaires Will Fund Pro-America Projects SpaceX's planned IPO next Friday will be a major wealth-creation event for current and former employees, including engineers, technicians, mariners, welders, and other salaried workers who have accumulated equity over the years. Elite liberals who earned unproductive, 'woke' degrees and are drowning in $100,000 or more in student debt, working two jobs, won't be able to stomach that the basic SpaceX welder working on Starship will become an overnight millionaire next Friday. There will be thousands of new millionaires next Friday...