Just in: $PLTR posts a double beat, with very strong guidance. 🥳🎉

Adjusted EPS 21c, est. 17c ✅
Revenue $1.18b, est. $1.09b ✅
Adjusted EBITDA $606.5m, est. $502.1m ✅
US commercial revenue +121% y/y to $397m 🔥
Sees FY revenue $4.40b to $4.40b, saw $4.14b to $4.15b 🔥
Sees FY adjusted operating profit $2.15b to $2.16b, est. $1.93b 🔥
Sees FY US commercial revenue above $1.43b 🔥
Sees Q4 revenue $1.33b, est. $1.19b 🔥 $PLTR's revenue growth is in a class of its own, accelerating to 114% in Q3 2025 from 94% in Q2

Here's something you don't see every day.

Short interest in $IREN is rising as the stock price surges.

Some hedge funds are apparently increasingly confident that this company is a dud.

Time will tell who's right, but most of the time you see short covering into a surge. Meanwhile, $IREN call buyers are targeting $70 as the area of largest interest in upside. That creates a potential area of resistance, or a "call wall" around that level.

We also have a large area of put-derived support around $61 given the interest at that level.

Tariffs would work a lot better if we actually had slack manufacturing capacity.

A full-scale reindustrialization is going to take many, many years.

This is a fool's errand by an impulsive moron who has no leadership skills or vision. By the way, our global trading partners know this. Which is why they have no aversion to playing hardball.

Look at China adding another 34% tariff to US imports today for example.

That shows you that the 'strategy' is backfiring catastrophically.

The perils of using prop trading firms. The bucket shops of the 21st century. FTT seems to be on shaky ground here.

https://twitter.com/Jmu_1_/status/1852463259732840503

And now the co-COO of FTT is stepping down 😬

Hedge funds were on a buying spree last week in health care, financials, industrials and tech, per Goldman Most of the buying of US equity exposure was within single stocks vs indices and ETFs last week by hedge funds, according to Goldman prime data.

44% of small cap companies are unprofitable vs 19% of midcaps and just 7% of large caps.

This is one reason that there's no reason for a rotation into small caps. The value really isn't there. One of the catalysts for $IWM's surge was a record amount of retail call buying. This is not how rotations tend to look. Instead, this appeared to have been speculative excess chasing momentum.

Oh my. That's a bit spicy. Sabotage is one of the key themes of US and Israeli intelligence services. 🤔

https://twitter.com/clashreport/status/1792175050201641154

Sabotage of all kinds has been a common theme against Iran in the past. Whether this time is part of that trend remains to be seen, but it's always interesting to look back.

That $META earnings call was an absolute disaster. Zuck tried to convince his investors that AI is the future, when there's no real clear path to how it makes profit.

Then he tried to tie it into the metaverse.

At that point I bet a lot of people got PTSD, because the selling accelerated further... The company plans to keep aggressively spending on their AI initiatives. I think Zuck said AI about 100 times without really articulating a vision as to how this converts to higher revenue and earnings.

But he did make it clear that the costs would be much higher than expected..

Recovering from failure quickly is the most important part of finding your path to success.

Bounce back, hard. Don't let self-doubt consume you.

Instead, focus forward and carve your path. I've always been a self-starter. One thing I learned early on is that resilience leads to growth. Both within and for our endeavors.

That temptation to give up when the odds are against us is an evolutionary impulse to avoid risk.

That impulse doesn't work in modern society.

Oh boy, managed money is REALLY long US equities now. With the highest exposure since July, per NAAIM data.

Extremes in NAAIM positioning have often been decent opportunities to fade over the intermediate term (not the next 5 minutes).

I wonder, will this time be any different? @TraderadeTweets It looks like a lot of hedges and short positions must have been removed as the bearish responses went from -200 (leveraged short) to 1 (flat-ish exposure).

"But CoreWeave came out of nowhere"

They were aggressively buying Nvidia A40 GPUs in ... August of 2021 "But CoreWeave must be a scam because they grew so fast"

Ever consider perhaps that they were doing something right?

The acquisition of Conductor Technologies enabled them to scale quickly into visual effects offerings, a sizable area of cloud GPU usage.

Wow! US ADP employment report came in at 278k vs forecast 170k. The prior reading was 296K. No weakness in the labor market to be seen here. twitter.com/i/web/status/1… Small and medium-sized businesses were hiring as large businesses were firing

Breaking news: Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline twitter.com/i/web/status/1… cnbc.com/2023/05/31/deb…

The Treasury may issue up to $700B in T-bills just weeks after any debt ceiling resolution, pulling liquidity out of the market.

While the lack of issuance was helpful to offset the impacts of QT, such a sizable issuance is like an amplifier for tightening financial conditions. What does this mean in plain English?

QT gets steroids.

We've been on a vacation from it, in essence, since October because initially all of the PBoC and BoJ expansion of liquidity.

Then Treasury issuance paused in mid-January.

This has all helped to boost the markets.

So next time a public transit or weather alert doesn't work, or when there's an issue with your favorite Twitter-related third party service, blame the overzealous monetization of all the things. Because $1200+/month for API access is absurd and it isn't a monetary bot deterrent.

https://twitter.com/Mayhem4Markets/status/1647041178850717696

And just like that free Twitter API access is dead as of now. Supposedly this will help reduce the level of bots here.

Let's find out!

Bot bait: Bitcoin, BTC, metamask, ether, doge, crypto, hacked, wallet, stocks, trading, NFTs, $GME, $AMC, Binance, Coinbase Hum... nope still seems pretty botty to me

There's far too much talk around these parts about how the dollar will be vanishing from global trade imminently, but the reality is this is a process that takes decades.

First, the greenback makes up nearly 60% of global foreign exchange reserves. That's pretty massive!

1/ In terms of currency composition of global foreign exchange reserves over time, yes the dollar has been *steadily* eroding.

Nothing dramatic here. About a drop of 12% over 22 years.

No need to panic. Countries can and do still trade outside of the US dollar!

2/

ICYMI, $SOFI is suing the Biden administration to stop the student loan repayment pause.

SoFi claimed the loan moratorium “has substantially injured” the company, which has lost $300M to $400M in refinancing revenue and $150M to $200M in profits since it began in March 2020. 🤦‍♂️ $SOFI has fallen from the high 20s to just above $5 recently, but there are still the ever faithful promoters who continue to advocate for buying the stock of a company that itself admits has been "substantially injured" by the student debt moratorium.

Ignorance isn't bliss.

The best choice for banks is to raise the interest paid on deposits so that they can attract more cash.

Offering a 3.5% savings rate is a much more ideal solution than borrowing from the Fed at 4.75%.

I expect that more banks will raise deposit rates to attract customer funds. Think about it from a bank's perspective. Perhaps they have a debt portfolio that yields 3-4%. The negative carry cost imposed by the Fed's 4.75% lending facility is quite expensive vs raising the interest rate paid on their savings accounts and breaking about even for a bit.

Unpopular opinion: tech will not lead the next bull market, it will lag.

Old world economy stocks will lead (materials, energy, agriculture), because we will be in a supply-constrained world where what they produce will sell at a high enough premium that their profits surge. Further, the next bull market is likely to be shorter and more shallow because inflation will come back earlier and from a higher price base, forcing central banks to intervene much more rapidly than they have for the past several decades.

$INTC double miss. $AMD continues to eat their lunch. Visualizing $AMD eating $INTC's lunch. 👀