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‘AMD and Core Scientific announced a partnership on Tuesday under which AMD will secure up to 2.5 gigawatts of data center capacity to support customer deployments of AMD AI products.’ qz.com/amd-core-sci...

“Such broad weekly sector performance divergences should be viewed as a measurable market warning signal,” said Tyler Richey. Prior instances are “all associated with periods of elevated broad market volatility, lasting market tops beginning to be established.” www.bloomberg.com/news/article...

‘The only other time in recent years in which inflows to bond funds were any greater than they have been recently, as a percentage of total net assets, was in 2021. Bonds in 2022 suffered their worst bear market since 1793.’ www.marketwatch.com/story/invest...

‘If the Fed chooses to disabuse the market of its hawkishness, then it risks unleashing a much bigger inflation problem.’ blinks.bloomberg.com/news/stories...

‘A profit pool supported increasingly by fiscal deficits is structurally different from one supported primarily by private investment.‘ blog.epbresearch.com/p/where-do-r... by @epbresearch.bsky.social

‘Don’t take them seriously. In the modern era, making outlandish claims is practically in the job description.’ garymarcus.substack.com/p/sorry-sam-... by @garymarcus.bsky.social

‘Taken in isolation, policymakers can perhaps make a cogent argument as to why they shouldn't ‌react to any one of these factors. But taken together, it may be trickier to "see through" the cumulative hit.’ www.reuters.com/commentary/r...

‘The yen has slumped to four-decade lows and investors are on edge for potential intervention. A sharp appreciation in ​the currency could force investors to unwind popular carry trade positions quickly, as was the case in August 2024.’ www.reuters.com/business/fin...

“Credit markets don’t deal well with uncertainty, and the sheer unpredictability of the pace and cost of AI financing is triggering a serious crisis of confidence right now.” www.ft.com/content/ac13...

‘Nvidia has signed leases worth up to $50bn for a massive Texas data centre which will house hundreds of thousands of its GPUs. The arrangement will intensify concerns about circular financing, as the chip group underwrites more of the market for its chips.‘ www.ft.com/content/6850...

‘The strengthening El Niño on top of an oil-supply shock could turn a temporary jump in energy prices into a broader inflation problem and put new Federal Reserve Chair Kevin Warsh in a difficult position.‘ www.marketwatch.com/story/forget...

‘For Meta, the damages awarded to plaintiffs to date are a small drop in the bucket. But it is the precedent the verdicts set that might become an issue. “You wouldn’t want to keep losing these cases in a row. They could be looking at billions in liability.”’ www.wsj.com/tech/meta-is...

‘To maximize the probability of changing the inflation process, the central bank must first deliver decisive policy action to jolt economic agents into internalizing a new reaction function.’ www.citadelsecurities.com/news-and-ins...

‘Just as globalization was a key factor in the multi-decade declining trend in bond yields that followed Paul Volcker’s war on inflation, so raising the drawbridges has now triggered a steady rising trend.’ www.bloomberg.com/opinion/news... by @johnauthers.bsky.social

‘Crypto traders came for the AI boom and brought their playbook with them: anonymous X accounts, online communities that trade together, round-the-clock leverage — all in one place that never closes. New assets. Same playbook.‘ www.bloomberg.com/news/article...

‘Just like how extreme demand for materials and semiconductors has sent data center construction costs soaring, extreme demand for capital is pushing up interest rates.’ www.wsj.com/finance/the-...

‘Wall Street’s forecasts for Big Tech require a major leap of faith: that the biggest AI hyperscalers can boost revenue much faster than the costs of running their businesses. Some of the numbers look too good to be true.‘ www.wsj.com/finance/big-...

Fed Chair Warsh has invoked a tech-productivity miracle as cover to keep rates low, invoking the '90s Greenspan era. Yet much more than tech drove the '90s disinflationary boom: Fiscal conditions, demographics and globalization all helped. These are all pushing the other direction now. New column.

‘Hospitals using Palantir’s patient discharge tool have registered “no noticeable improvement” in performance, according to research that is likely to add to calls for an independent audit of NHS England’s claims.‘ www.ft.com/content/cbd1...

‘Speculative traders are the most bullish on the dollar since 2015.’ www.bloomberg.com/news/article...