Show Update, Update – mytrbroadcast.com

In my note last Monday I laid out my reasoning to pause the show until November 4th. Here’s how I started…

Regardless of what side of the political aisle you may consider yourself in the world of politics, one thing is certain. Currently in the US, there’s the possibility (some are arguing more probable) that this election could bring in not only socialist/communist inspired results, but more importantly, give those same cohorts far more political control via moderates looking to ride the power vacuum.
If this happens, what you or myself (regarding anything and everything) will be subject to is not just a changing landscape to navigate within, but the very real possibility of a far more dangerous one.
Need I remind any of you to watch what is currently unfolding in France?

Not only was this relevant, it now may become even far more prescient as well as foreboding with all the other incidents transpiring all at the same time.

Here in the U.S. the “markets” have seemed to suddenly realize what people like myself have been trying to call attention to, all to deaf ears. i.e., It’s not AI that’s the issue, it’s the crazy, insane, lunacy of the financing and debt that’s the issue.

And sure enough – everything related now seems to suddenly be worth a whole lot less than what was being told and sold just weeks ago. Think I’m off base? Here’s just a few examples…

Anthropic™ recently released numbers which anyone who can add 1+1 suddenly realized that all the people saying it added “To infinity and beyond!®” were left stunned. Many of the once implacable buy everything and buy it now suddenly went from paying up to add risk to paying up to buy more insurance. CDS (credit default swaps) have blown out across the entire complex.

OpenAI™ has not only pushed their IPO off until next year (itself another troubling item) reports have it their latest funding round had to be cut by $10Billion due to lack of interest. Currently it’s not officially a “Down Round.” But if you don’t think that’s the interpretation of the real money crowd, you’re sadly mistaken.

Remember: We are supposedly at the nascent stages of lift off where anything less than Alpha Centauri measurements and goals have been met with skepticism and push back of “You just don’t get it!” Today, this same crowd that did all the push back are saying “What, the moon ain’t good enough?!” You just can’t make this stuff up.

Speaking of not making stuff up. Let me show you one image that tells the story of how $Trillions were being wiped out in just this past week ($4Trillion is the reported cumulative number).

Again, this is just one, but it’s now what I’ll call a poster child for the new sentiment on Wall Street: Google® i.e., Alphabet™. To wit:

Google hasn’t had a sell off of this magnitude in well over a decade, yet, that happened when both its AI, as well of the financing of data centers and selling its proprietary AI chips are regarded as some of the hype as to the AI story is better than anyone understands.

Looks like the “market” suddenly flipped that assessment, and not for the better. Yes?

But to my eye what is even more instructive is that happened to close the month out, e.g. month end. This is where I attach more of my conclusion. For as I always say: If there’s ever a time Wall Street will move heaven earth to protect their bonuses – it’ll be at month end closings.

Again, and yet? Hint: Just look above once again.

But now we have Poland in the mix with what seems to be a coup attempt by the socialist leaning government, with Germany now descending into the France model for protesting.

I didn’t have any of that on my Bingo card, for sure. But there it is.

I could go on and on with even more examples, each as market shaking as any of the above. But the real test to see just what is being lined up for these “markets” might be exhibited in the overnight session when Asia opens tonight (i.e., morning their time). The reason for that is like I warned in that prior note: If there’s a real possibility of a Democrat sweep and front run by a socialist/communist wing?

Wall Street is going to hedge for that possibility one way or another. The larger issue is that Friday’s price action might have only been the opening salvos.

Monday and Tuesday has the potential for monikers like Black…

As always we shall see, but see we shall.

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