Options trader. My tweets are not investment advice.
Joined October 2010
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DYOptions retweeted
Every piece of Burry’s bear case will be validated
Breaking: Michael Burry digs into Broadcom’s deal with Anthropic and finds a problem
Burry found:
• Broadcom promised Anthropic $161B of computer gear
• Broadcom passed some risk to insurance companies
• This is how companies hide debt as a deal gets bigger
Burry also found $AVGO is lending Anthropic $42B on top of the $161B it’s already owed, so he has no plans to buy Anthropic stock when it IPOs next week
DYOptions retweeted
Today’s move was a typical bear market rally, largely driven by short covering. Dip buyers are only looking a quick buck so such rallies are rarely sustainable. A real bull trend goes through an accumulation phase. Real buyers build positions quietly. They don’t use amplifiers to tell everyone that they’re bullish like today.
DYOptions retweeted
BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDAL
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China.
According to Axios, Lutnick replied: “I don't know. I'll look into it.”
Sources allege Lutnick resisted action despite intelligence warnings, fearing an escalation of the US-China trade war.
The confrontation deepens scrutiny of Nvidia's China ties and the administration's handling of chip export restrictions.
DYOptions retweeted
US MORTGAGE DEMAND JUMPS AS 30-YEAR RATE FALLS TO 7.21%
US mortgage applications surged 6.2% last week as borrowing costs eased, according to the Mortgage Bankers Association.
Home purchase applications jumped 7.5%, while refinancing demand rose 4.5%.
The average 30-year mortgage rate fell 9 basis points to 7.21%, offering some relief to prospective homebuyers.
Housing demand is showing signs of life, even with mortgage rates still above 7%.
DYOptions retweeted
You have 3 very interesting developments unfolding in the global gold market:
Singapore:
Its central bank has launched a service to store gold for foreign central banks, with a capacity of 500 tonnes.
China:
Beijing is courting foreign central banks to buy and store gold in China through the Shanghai Gold Exchange.
Hong Kong:
Authorities are seeking participation from foreign central banks in a new gold-clearing system, while aiming to expand gold storage capacity to over 2,000 tonnes.
Watch this closely...
A scramble is playing out.
