Around X:
- @Business
- China is growing anxious that Anthropic’s Mythos could be wielded against the world’s second-biggest economy, adding a volatile new issue to already heightened tensions before a planned summit between Xi Jinping and Trump.
- South Korea's selloff and the government’s clumsy attempt to lift the Kospi have traumatized a new class of investors and stigmatized the market.
- Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets.
- Aschenbrenner’s thesis went down, so he lost money on the longs and the shorts. He had no hedge for that.
- The farm machinery sector is primed for a rebound in 2027 as the current fleet ages and prompts growers to upgrade, according to tractor maker CNH.
- Multistrategy hedge fund giant Millennium Management lost 2.1% last month as a selloff in artificial intelligence stocks took a toll on equity portfolios.
- Amazon's cloud chief said customers are shifting from training AI models to integrating them into their businesses, boosting demand for inference.
- Here’s what you need to know to start your day.
- Get up to speed on what's moving global markets.
- @ZeroHedge
- The Pentagon's Hidden Housing Scandal: Outsourcing Duty Of Care.
- "I No Longer Trust Anyone..."
- All You Need To Know About The Record Yen Intervention: Why Wall Street Thinks $100 Billion In Not Enough.
- SpaceX In "Final Stages" Of Securing New Massive Rocket Launch Site In Louisiana.
- Children's Hospitals To Begin Offering Restorative Care For Detransitioners.
- #3. *COATUE’S HEDGE FUND SINKS 8% IN WORST DROP IN MORE THAN A YEAR. Plenty more TRS cockroaches to come.
- 'They Are United': California Democrats Move Forward With 5% Billionaire Tax.
- Louisiana AG Announces Investigation Into Fauci.
- ID To Buy Gov't Bread & Milk, But Not To Vote: This Is Mamdani's Socialist NYC Utopia.
- Study Finds Daily Marijuana Use Surpasses Daily Alcohol Consumption Among US Adults.
- Zelensky: We Seek To End War By Winter Through Escalation On Military, Diplomatic Fronts.
- Everybody Knows.
- Murders In The US Set To Hit 126-Year-Low Following Illegal Immigrant Deportations: DHS.
- Trump Says Iran Faces 'Decapitation' If It Doesn't Sign A 'Good' Deal.
- Bond Yields & Black Gold Dump, Big-Tech & Bitcoin Jump As Another Trump 'Deal' Looms; Yentervention Fades.
- @CNBC
- CNBC Daily Open: Fast and furious intervention to prop up the yen — will it work?
- Tuesday's big stock stories: What’s likely to move the market in the next trading session.
- Jim Cramer says the market has warmed up to Big Tech's AI spending. Here's what flipped the switch.
- Stock futures are little changed after rip-roaring rally leads Dow to record closing high: Live updates.
- Stocks making the biggest moves after hours: Palantir, On Semiconductor, Snap & more.
- 25 states sue Trump administration over latest global tariffs.
- @TheTranscript
- onsemi CEO: "AI data center remains our fastest-growing business, and we now expect revenue to more than double in 2026..." $ON: +6% AH.
- Palantir CEO: "This quarter was otherworldly: our U.S. commercial revenue grew 149% Y/Y, our overall revenue grew 93% /YY, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future" $PLTR: +8% AH.
- @WallStEngine
- CITADEL SECURITIES: BULL MARKET DRIVERS REMAIN “FIRMLY INTACT”. Scott Rubner says July’s tech selloff and retreat by retail investors helped unwind the market’s speculative excesses. Retail posted its largest week of stock selling since 2022, while assets in leveraged ETFs fell 28% to $154 billion and equity funding costs dropped below their one-year average. He now sees the market shifting away from flows and positioning toward earnings, corporate demand and the macro backdrop.
- PALANTIR $PLTR Q2'26 EARNINGS HIGHLIGHTS. Revenue: $1.94B (Est. $1.8B) ; +93% YoY. Adj. EPS: $0.41 (Est. $0.35). US Commercial Revenue: $764M; +149% YoY. Adj. Op Inc: $1.19B (Est. $1.06B). Q3 2026 Guide: Revenue: $2.160B-$2.164B (Est. $2B). Adj. Op Inc: $1.29B-$1.30B (Est. $1.14B). Raises FY26 Guide: Revenue: $8.15B-$8.16B (Est. $7.69B. US Comm Revenue: >$3.4B; 134%+ YoY. Adj. Op Inc: $4.89B-$4.90B (Est. $4.46B). Adj. FCF: $4.5B-$4.7B (Est. $4.27B).
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and defense shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.75 -1.0 basis point.
- China Sovereign CDS 37.5 -.5 basis point.
- China Iron Ore Spot 93.60 USD/Metric Tonne -.2%.
- Crude Oil 81.0/bbl. +.8%
- Gold 4,108.0 USD/t oz. +.4%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.34 +.07%.
- Bloomberg Emerging Markets Currency Index 34.49 unch.
- Bloomberg Global Risk-On/Risk Off Index 126.0 +.1%.
- US 10-Year Yield 4.68% +1.0 basis point.
- Japan 30-Year Yield 3.97% -3.0 basis points.
- Volatility Index(VIX) futures 19.1 -.5%.
- Euro Stoxx 50 futures +.29%.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.12%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and defense shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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