BREAKING: Brent crude oil prices surge above $115/barrel for the first time since May 4th. Brent is now less than 4% away from its Iran War high recorded on March 9th.

$400,000,000,000

Over the past five years, only two of the 11 sectors within the S&P 500 index have outperformed the index itself The S&P 500 index ($SPYM) has risen by 68.69%

War and the Stock Market ☑️ The Nasdaq 100 index futures saw an intraday decline of up to 2% ☑️ Previously, President Trump stated that the U.S. is not engaged in negotiations with Iran and that "something" is going to happen "very soon." ☑️ Let me be perfectly clear—and I mean this unambiguously, regardless of Republican or Democratic affiliation: ☑️ The market had previously shown remarkable resilience, but this war is now triggering a market collapse I’ve held back on sharing my own "Risk-On/Risk-Off" (RORO) indicator precisely because it’s impossible to predict these kinds of random "black swan" events

SpaceX Q3 2026 Earnings Call — 15-Minute Presentation by Elon Musk

**SPCX and AI** ☑️ Elon Musk founded a rocket company ☑️ Today, artificial intelligence has become its largest business ☑️ According to SpaceX, newly deployed AI computing resources can recover their costs in less than one year. ☑️ SpaceX’s earnings call clearly stated that demand for computing power is growing, supply is extremely tight, yet stocks related to AI infrastructure have been unreasonably suppressed ☑️ Asset bubbles burst when demand is insufficient and supply is excessive In a period of asset bubbles, the current situation typically does not occur

Elon Musk says $SPCX could exit 2027 with “$500 billion to $1 trillion” in annual recurring revenue. $1T of ARR would be more than $AMZN entire annual revenue.

Yeah not sure how anyone thinks it's over on AI semis like $NVDA GPUs, memory, to photonics, after $SPCX earnings. - Previous Q4 capex outlook ~$18.4B... Now $35–40 billion Q4 capex guidance, basically doubling previous outlook "Q3 and Q4 capex should be similar to Q2's $18.37B" from CFO in August. -Elon: "If everything goes right, we’ll have 20 gigawatts of incremental power next year" "High confidence of 10 GW next year, and 20 is difficult but not impossible - "I’m being as precise as possible about this. It is absolutely insane to be deploying and providing the power and all of the electrical equipment, the cooling, the batteries, the networking, and everything else that’s needed to turn on 220,000 GB300s a month" You're gonna need a lot of HBM, power, networking/optical components to make all of this happen. - Elon projects SpaceX could exit 2027 with an ARR of "$500 billion and $1 trillion by the end of 2027 When you see $SPCX double capex outlook next quarter, target another 10GW deployment by next year, and all the procurement needed to turn on 220,000 GB300's a month... Hard not to be bullish on AI semis.

Bank Stocks See Longest Losing Streak Since the GFC: A Warning Sign or the Eve of a Rebound? ☑️ The KBW Bank Index ($BKX) has recently suffered a seven-week losing streak—its longest consecutive decline since the Global Financial Crisis (GFC). ☑️ Financial stocks have historically served as the "canary in the coal mine" for macro liquidity and credit risk. This rare, sustained sell-off reflects deep-seated market concerns regarding fundamentals and the interest-rate environment, with the prevailing sentiment leaning toward a defensive posture and a profound market correction. ☑️ Viewed from a dialectical perspective, however, historical precedent suggests that such extreme, prolonged declines often signal that intense, pessimistic expectations have been fully "flushed out." While it is premature to declare an imminent rebound, the deepening oversold conditions mean that any signs of relief—whether from policy shifts or corporate earnings—could easily trigger a technical recovery.