No show for a couple of weeks MM summer vacation begins, back first week of September We will continue to be active in our Telegram chat throughout the break (chat activity is UP) And we are cooking the newsletter, the website, and the bigger focus on trading See you in the chat, or see you in September 🫡

Especially if I listen to you and get off my ass / not be “too busy” to move funds I feel so stupid that YET AGAIN I didn’t take action when you called out RHC and Stonkbrokers at $1M Or when @dudify_xyz called out PONS The MM chat is the gift that keeps on giving and I keep ignoring 😭

Grok Bot learns your workflow by watching you do it once. @Legendaryy breaks it down: "You do something on screen. Say it is me doing the timestamps for the show. have to upload to YouTube, have to upload to Spotify. For Spotify, you need to have two line breaks after each timestamp. Otherwise, it won't look good. This is the required formatting. You do it once, record the screen, the agent is watching it, and then it can do it by itself by using the computer or the MacBook or whatever you are running. It's not a net new feature, but it's done elegantly, and it's done in an easy to understand way.”

Wild stock swings pushed @BCheque1 toward Robinhood Chain. “Like that feels like it’s getting closer to just pure gambling than having some kind of intentional thesis around something. So I’m kind of inclined to get out of the way of the stock market. And although this might sound crazy, leading into our conversation on Robinhood, I just allocated a reasonable amount to Robinhood Chain over the weekend, or maybe it was Thursday, Friday and Saturday. I can’t remember. I was like buying different things on different days. And I feel better about that as a medium-term play than I do buying a single stock at the moment.”

Monday ritual for the bull run 1. Listen to all of @MCGlive’s streams from last week. 2. Catch all of @RickCrosschain’s alphas during @ggdotxyz interviews. 3. Run through all of @greenytrades’ streams at @MktMates and trade ideas. 4. Check all the replays from @modernmarket_. 5. Then see what @blknoiz06 had to say on @MarketBubble, 6. What @notthreadguy is excited about on @counterpartytv, 7. and finish the session with the @KrutzkyTrades podcast and @fomohour clips Omg I’m already tired 😭 tldr: there’s so much good content on the timeline right now it’s actually insane.

Cheaper AI compute could drive a major rise in data-center demand. @legendaryy today: “If compute cost goes down significantly, this will only mean that people will use AI more, not less. Because now, if you look at the amount of knowledge workers and other people using AI, it’s still a very, very small percentage, even the amount of people who have. An AI subscription is a small percentage. And as compute gets cheaper, more and more tasks will be given to AI. And then the demand is going to get even higher. Right now, @higgsfield spent, five hundred thousand dollars in inference to create a full ninety-five-minute movie. And if you can now create your own movie, the Modern Market movie, the, I don’t know, I put myself into World of Warcraft movie, that has to go down significantly to a point where everyone can create their own movies, or at least it becomes more feasible to have more fan fiction turned into videos. And that’s just one aspect. So I think that there’s so many more things that will then increase AI demand if cost of compute goes down. And yeah, probably that massive spend is not going to slow down anytime soon.”

SpaceX grew revenue 92%, but “space” is becoming its smallest business. @legendaryy comments the Q2 earnings: “The headline number is actually a good one. Revenue is up 92% year over year. They had second-quarter revenue of $7.8 billion. The net loss is down by half, from $1.01 billion to $540 million. Connectivity and Starlink is the biggest division for Q2 revenue at 55%. Then you have AI, xAI and Grok. That’s another $2.56 billion, another 33%. Space and launch is $960 million. At its heart, it is starting to look more like a traditional AI infrastructure company, building data centers, but profiting more from the Starlink side, whereas space exploration, the main part of the name $SPCX , is obviously the weakest division.”

Coldcard turned bitcoin:native's strongest promise into its biggest risk. @Legendaryy on self custody: “And no matter how much of a believer you are, with all of that happening, I think the best way to store your Bitcoin, unfortunately, is to go out there and buy a BlackRock ETF. Because if BlackRock is messing up their storage, then they are physically replicating the Bitcoin. They owe you the Bitcoin, simply put.”

The US just put the global carry trade on life support. @Legendaryy on the show today: “This move by the Treasury is global volatility control. They want to lower global volatility, and that then should be helpful for the market to be able to go up again. The easier translation here would be to say: We want Japanese rates to be suppressed so capital can keep flowing into the US through the carry trade. If that system comes under stress, we will intervene again to keep it alive. But if the market is relying on the US now to intervene when Japanese rates are getting too high, that makes the market more fragile. The size of the carry trade would grow. That would make the intervention bigger, the potential fallout bigger, and that in itself could induce additional volatility.”