Oracle just put up 93% Cloud Infrastructure growth and added $85B of backlog in a single quarter. Supermicro is raising $7B to fund $39B of AI server orders. The AI trade is no longer a hype trade — it is a buildout.
Momentum is getting selective, speculative themes are cracking, and traders are rotating out of crowded risk trades while looking for safer relative strength. Today's tape favors discipline over excitement.
The book is well oversubscribed and they are reportedly closing it Wednesday post-close. This is the setup I flagged in May — and the print is going to drag every space name on the tape with it.
Jobs were strong enough to keep the Fed on hold, but not strong enough to kill risk appetite. CPI, OPEC, WWDC, ORCL, BoC, ECB, UK GDP and China inflation all land this week — and almost every part of the soft-landing trade gets tested.
Sector data shows institutional capital quietly leaving AI and crypto-related names while rotating into Healthcare, Financials, Real Estate, and Consumer Staples. The leadership change is showing up in the tape before the headlines.
Risk assets cracked together on Friday. SPY broke its week-long shelf, every high-beta basket on my rotation model flipped to sell, and Bitcoin gave back 16% on the week. Here is how I am reading it.
The Supreme Court's Sripetch decision did not give the SEC a blank check. Control-person liability is not personal receipt — and a $19M judgment built on that confusion should not stand.
Litigation Release No. 24962 documented the SEC's decision to abandon its case against me. The page is gone from sec.gov — and only the Wayback Machine remembers.
A jury said guilty. Wall Street should be asking a harder question — where does manipulation end and free speech begin?
