The total value of Obamacare subsidies to be paid in 2026 is $88 billion...

REAR VIEW: AVGO rev. misses as does next quarter semiconductor rev. from AI; Trump said US is "in the middle of my final negotiations to end the War"; Initial jobless claims jumps above top end of forecast range; US Challenger job cuts rise; BoJ reportedly mulling June hike, with another by year-end; Hot Swedish inflation; Cooler-than-expected Swiss inflation; Daly reiterates policy in good place; Schmid strikes hawkish tone; CRWD guidance underwhelms.

"Pro tip: Waymo is more drunk-friendly than Uber."

"We see that the United States is fully focused on the issue of Iran, & it would be wrong to simply wait..."

Google becomes the first hyperscaler to directly fund a virtual power plant...

Sleep Number recently hired Guggenheim Securities... 

...weakness does not need a dramatic catalyst to feed on itself.

" ... committed to purchase dedicated GPU cloud capacity from Rumble powered by NVIDIA Blackwell B300 systems." 

 

AAPL hits the valuation ceiling, MSFT has a fake brake and NVDA goes her own way.

Competing narratives emerge...

History suggests the valuation headwind becomes much stronger once the 10-year moves meaningfully above 4.5%.

“Prices aren’t soaring like they were five years ago–high gas prices and the rising cost of living overall is trickling down to the housing market, making buyers much less likely to bid prices up."

...the policy remains the subject of multiple lawsuits filed by federal employee unions.

"The construction of a data center typically brings significant immediate economic stimulus to the host community..." 

 

Coinbase has released a product that allows traders to speculate on the price of companies that are expected to IPO soon...

So... dovish on Iran war but hawkish on Russia-Ukraine.

Bitcoin's sharp decline - driven by Strategy's surprise sale, ETF outflows, and liquidations - may be nearing a bottom...