“we are seeing breadth in the market, and that's a very good thing … that's why I think this rally has legs”
Equal-weight S&P, Russell and commodities outperforming, broadening rally has legs
“we are in, still in the early phases of building out infrastructure for this AI revolution … I'm still invested in the NASDAQ.”
Still invested across NASDAQ and semis as AI buildout is early and breadth is widening
“Bitcoin hyper liquid, SKY potentially because of the US, uh, you know, uh, stablecoin issuance, and maybe Syrup.”
SKY may benefit from US stablecoin issuance tailwind
“you're taking all kinds of risks you don't understand when you lend at 3% to somebody on AAVE... DeFi is not DeFi. It's clearly CeFi”
Most of DeFi is unsafe CeFi with yields too low to justify hack risk, fade it
“this hack is actually very good for crypto because we're going to see even more reallocation of capital away from the things that don't work into the things…”
Hyperliquid is a thing that works, capital reallocates to it after DeFi hacks
“this KelpDAO thing was like the kick in the nuts that makes it very clear and present how bad that roadmap is … Capital cannot migrate back to the mainnet of…”
Rollup roadmap cracking and L2 capital can't retreat to pricey ETH L1, so it rotates to monolithic SOL.
“Bitcoin has already basically shown you that it has a lack of sellers, and Saylor is eating through all the sellers at these price points … At some point…”
Bitcoin staircasing up with few sellers and Saylor eating supply, blow-off top coming
“it's probably not going to go past 1400 … in 6 months, this thing is probably trading at— my guess is going to be $300”
Avis short squeeze will unwind, stock goes from 1400 to 300 as the company floods the market with new shares
“you're starting to see that in housing markets around America, a bit of socialism, and you're seeing what it's doing to housing prices.”
LA and New York real estate falls as socialist housing policy spreads and pressures prices
“I have a theory that AI is not going to cause massive job loss … if you see credit card defaults start to go through the roof”
If AI spares jobs and the consumer holds, credit defaults stay tame and a subprime-tilted card lender re-rates higher.