Woah.

Nvidia $NVDA just created a new line of business for themselves.

So, all those neoclouds like $CRWV $NBIS $IREN $APLD $SPCX that have been getting deals with hyperscalers worth billions?

It’s because demand for compute, according to Jensen, is growing at a level that

Japan’s Ministry of Finance could step in abruptly to wipe out ‌speculative yen positions: RTRS

for at least 48 hours anyway

From 2 cuts to 2 HIKES. 🎢

Over the last couple of weeks, the market repriced Fed expectations by a full 180°. 3 scenarios from here:

1️⃣ Warsh out-hawks the market → USD grinds higher, gold continues to weaken.

2️⃣ Warsh delivers exactly what's priced → dollar firm, gold

Earlier cycles were simple for Japan.

Whenever the global economy slowed, US bonds acted like the ultimate safe haven.

Money rushed into Treasuries.
US yields fell.
Rate spreads with japan narrowed.
Dollar pressure cooled.
And Japan got breathing room to keep rates near zero.