WEBVTT
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What if Cam Newton fell in that fumble, man?
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The world will never know.
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Would Bitcoin still be$80,828?
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Maybe.
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Maybe not.
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I don't know.
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I guess we'll never know.
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And you know what else we'll never know?
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We'll never know what you could have been if you didn't fucking quit because the market got a little bit difficult.
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But alright.
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Uh markets in shambles today.
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It really is.
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I I wish I was gonna be able to come on stream and give you some elaborate theory as to why exactly we are where we are right now.
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And I just have no ability to do that.
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So we're gonna cover what we can cover.
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Um some anthropic numbers came out yesterday.
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It's genuinely unbelievable that the entire basically global economy is dependent on some leaked numbers on the biannually report from a private company.
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It's just insane that we're here right now.
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At the same, I don't know, we got some CI, CPI, inflation bad number.
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Um, and they're cooking, they're cooking the books and they're still giving us bad number.
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I've I've heard it all over the last 24 hours.
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I don't really know what comes next.
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I'm gonna be honest.
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I'm 100% in cash.
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I sold what I thought was the pico bottom of Zach, and it's now lower.
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I sold basically here on my re-entry, that was pretty dumb out here, and I'm 100% in cash.
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Except for for some reason I hold Microsoft.
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What was that, by the way?
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What did why did we do that yesterday?
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We why did I do that exactly?
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I don't really know why I did that, but for some reason I hold Microsoft.
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Apparently, Microsoft is or apparently the gaming market is impacted by anthropic ARR, which is nuts.
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So yeah, I'm all cash and I'm point, I don't know, I have 50 bips in of my net worth in in Microsoft for whatever reason.
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So that is what that is.
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But yeah, we're gonna do a little bit of a less planned just general stream today, and it's going to be a really fun good one.
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Let's start with this, and then let's talk about anthropic a little bit and we'll work backwards.
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So I want to do some slop topics, but let's just get the important stuff out of the way.
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Let's start with this.
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Little intro to get everyone on board.
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I have I I feel like it's bad.
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Five year olds are talking about SK Heinex.
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Dude, you should not care about SK Heinex when you're in third grade.
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By the way, if there's any third graders watching this, you shouldn't.
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Go outside and go go play Fortnite or something.
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If you're in fourth grade and you're watching this because you got a couple SK Heinex shares, go outside.
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Okay?
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You should not be watching the stream.
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Seriously.
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Go play on in the street, go play some basketball, pick up football, go play anything other than SK Heinex.
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I mean, dude, imagine being in fifth grade worrying about the cosby in the night session.
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It's like, dude.
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I mean, I couldn't even go think you know what you should do?
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Go learn about cameradish if you're in fourth grade.
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Okay.
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I don't want you thinking about the cosby and SK Heinex and if if if you know memory is a commodity or not.
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I don't want you thinking about that.
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I really don't.
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So go outside and and play with some fucking play with the football because I I don't know.
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Okay, here's what came out.
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I I don't really know that much about what we were expecting from Anthropic, but here's what I do know is that it's insane that basically the global economy right now is dependent on revenue numbers that are released biannually from a private company that Trump also hates with his entire life.
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Um Anthropic Q3 revenue jumps to 16.8 billion, up nearly 50% from Q2.
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But I think the duration of Q3, like it didn't grow at all.
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So huge jump from Q2, but then completely flat in Q3.
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Anthropic reports adjusted profitability, positive cash flow in Q3.
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Entropic draft S1 warns AI could pose existential risks to humanity, which is awesome that they would put that in there once again.
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I think it's crazy though that how how much money is basically dependent on expectations of this private company.
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We we we're getting like little leaked tidbits.
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It's actually ridiculous.
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Um, the Financial Times reports anthropic generated 16.8 billion in Q3 revenue up from 11.5 in Q2.
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Revenue continues to climb, quarterly growth has slowed from 143% in Q2 to 46% in Q3.
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So at least based off of this chart, ticker trends, it's obviously slowed.
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I think I saw this tweet that I think is relevant, which is like it's a little bit hard to grade and measure anthropic revenue in a vacuum and not I think it was actually a pee-pee poo-poo tweet, which is nuts.
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It's hard to just measure anthropic revenue in a vacuum and not account for open AI because people are like if anthropic is down, open AI is up, but the both of them combine for up and to the right.
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Just for a quick chat poll, are you are you do you pay for open AI?
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You pay for Chat GPT, you pay for Claude, or do you pay for both?
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One, the other, or both?
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Both, a lot of both.
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I pay for both.
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Neither.
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I don't know why.
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Pay for nothing.
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And so the story here is basically like rapid growth is slower than some anticipated fears about the AI trade rattles markets.
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It's like it's not enough.
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Um, anthropic told investors that third-quarter revenue jumped nearly 50% to 16.8 billion of the company was profitable.
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It's rapid growth is slower than the blistering pace at early in the year and below the expectations of some anthropic backers.
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Revenues are up from 11 billion in the three months to June.
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Okay, look, I'm not I'm not an expert on uh company finan private company financials, but here's I I I do have one take on this, which is that you know, the the OG citrini take is like AI is like deflationary and it's gonna be so good and so powerful and displace and disrupt so much that it's gonna hurt the economy.
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And I've actually found myself and again, I don't know how much revenue I account for for either company, but here's what I do know is that early AI like GPT 4, I would always I would like max out my plan all the time.
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I'd be on on max.
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It was barely good enough, I would max it out all the time.
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Now on now I find myself not even knowing what model I'm using.
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I'm basically always on chat GBT, fastest inference, like lowest capacity acquired, lowest think, whatever the slider is.
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I don't even know, and it's good enough for basically everything.
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I have not run out of tokens in like six months.
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I don't even know.
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I don't even know the last time I ran out of tokens.
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Like, when was that for me?
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I don't even know the last time I ran out of tokens.
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Never the answer is never.
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I there was a time to be fair, I was coding shit.
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Like I was coding stuff before, and I was doing some like I was running open claw.
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I was like, I was spamming tokens to build slop, but I stopped doing it, and I never maxed out my plan.
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I I haven't maxed out my plan in six months, and it's good enough.
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I talk to it all day, and so I have whatever the most expensive plan is, but I find myself getting away with the cheapest, fastest model and being really satisfied with it for basically every problem.
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Like I almost never need the any intensive think, but I'll use it in case I'm doing something like relatively important.
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And so I there's a tweet about it I like.
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It's like maybe not the most expensive.
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I don't use this, I don't have the$600.
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I think I spent$100 a month on open AI.
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Something like this.
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Dr.
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ChatGPT only don't use codecs, it literally never runs out.
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Yes.
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As a result, lower cost models and open source are capturing more of the demand hitting top line growth of the frontier labs.
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It's a commodity market.
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Investors will acknowledge this eventually.
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Also, assuming this is true, which it is at least for me, another thing that's not really being accounted for is the insane growth of these cheaper open source models over the last like six months.
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We've covered this relatively well as well.
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It's like it isn't just Chat GPT open AI.
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There's like a hundred alternatives and they're really cheap and they're really good happening all at once.
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And so mass uncertainty.
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I said more on GLM than open AI or anthropic.
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That's anti-pay, that's anti-American, Daniel.
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Dude, you're asking me to check DMs while we're in the middle of a market crisis.
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Are you suggesting that your DM is more important than the learning of a thousand live people right now?
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Your DM is more important than everyone in this entire stream.
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Fuck everybody else, right?
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Fuck moist balls, fuck pipe bomb, fuck DNA, fuck everybody.
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Read your DM right now in the middle of this.
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It's more important than everybody else.
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Really?
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That's what you're suggesting.
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When you type it multiple times, that's what you're suggesting.
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Fuck everybody else.
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It's like, what who the fuck do you think you are, man?
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And on this note, we had a inflation report come out, and then we have panic over core weave debt, all everything.
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Um Bitcoin's$80,500.
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Zach is under$1,100, which is crazy it's it's kind of crazy that this is under where I sold, because I just thought it was gonna, I didn't think it was gonna happen uh this fast if it did at all.
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I kind of thought I sold Pico Bottom.
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Fairly uncomfortable that I didn't.
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Bitcoin's 80 and not looking good.
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I mean, it looks looks horrible, but the real pain is over here.
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Drave is another seven in the pre.
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Sox was down ten in the pre.
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Q's are down another 1.2, cospee was down seven.
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Look, I mean, look at this.
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This market insane.
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Neo clouds are.
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I mean, look at the this is our neo cloud ECF that we look at every day.
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It's unbelievable.
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Core Weave is down another five in the pre.
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Look at this.
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It's the lowest since July, but really the lowest since May 25.
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Nebi's down another five in the pre.
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Like it's just uh it's carnage out here.
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And the thing I think is the most scary about it is that the SP 500 is down 1.7% total off all-time high.
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And so you you you have this like Leopold blow up moment, and then we're back for a little bit, and then you have another one, and it's like, uh now what?
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And so this is gonna be a pretty wild market open, I think.
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Cost be down eight, panic everywhere.
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You would like to see some green today.
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You really would.
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It's not looking, it's not looking great.
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GTHL just dropped.
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Wait, what is uh take two doing?
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Let's see if it's good on take two first.
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No, no, it doesn't even care.
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Take two doesn't care.
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0.8% in the pre.
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We wait 12 years for that shit, though.
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I like the song.
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Not a fan of the couple shit.
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Check Sony.
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Nice 0.78.
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Not bad.
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Um, all right.
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Here's my thing on state of coins and what I'm gonna do.
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Unfortunately, you tend to have no choice but to trust the guy who's gotten everything right up until this point.
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And unfortunately, unfortunately, the guy who's gotten everything right up until this point is Flood.
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Like it's just very unfortunate.
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Like, I don't know what else to say.
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And these are the Flood tweets in order.
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Number one, US considering using mother of all bombs against Iran.
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Crazy.
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Flood says bullish.
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Two, is he tweets January 2022, which is not a good tweet because January 2022, if I'm not mistaken, is here.
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Let's go, let's delete everything.
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January 2022 is here.
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How they didn't what they don't want to tell you is we had a generational NFT bull market in 2022, but that is what it is.
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So January 2022 is a is a rough tweet.
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It's like here, and then that's BTC on equities.
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It's like, let's see, I think it's a it's the same, maybe worse.
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Jan 2022.
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It's top tick, actually.
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They started hiking rates, I think.
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And so that's like Pico.
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Yeah, look, January 1st was actually top actually the top tick day, I think was January 1st.
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It was January 4th, was the top tick.
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Bitcoin was already down a little bit, but it had recovered.
00:12:24.399 --> 00:12:30.960
And then the third thing he tweeted was this they're not gonna bail them out, they're gonna offer them 0% loans as a matter of national security.
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That's when you back up the truck on Bitcoin and ride off into the sunset.
00:12:35.840 --> 00:12:38.879
And so, um, I'm all in cash right now.
00:12:39.039 --> 00:12:40.879
I kind of got lucky, I'm gonna be honest.
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Like, I I uh I kind of just got lucky on this.
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I don't I don't know what else to say by being all in cash.
00:12:47.279 --> 00:12:48.480
I kind of got lucky.
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I sort of panic sold.
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I got lucky and fucking panic sold everything until and then everything's just sort of getting crushed.
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There's been a couple times I got lucky.
00:12:57.679 --> 00:13:02.480
First time basically full porting chip on TGE for no reason in printing.
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And then second was I just got the spooks.
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Now there's the quote was it panic early or double down late?
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And I did not panic early enough.
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I could have saved myself six figures, which would have been great.
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But now I'm in cash, everything's getting just crushed.
00:13:20.480 --> 00:13:27.440
And you know, here's the thing that I've learned about myself as a trader over the years is I am not a bottom buyer or a top seller.
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I have zero ability to look at a chart and say it's time to buy.
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Just I have no ability, and so I will just never do that.
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Ever.
00:13:37.519 --> 00:13:40.000
Um, maybe I should get better at it DCAing down.
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People love DCA and chill.
00:13:41.759 --> 00:13:42.639
People love saying shit like this.
00:13:42.720 --> 00:13:44.399
They love saying this DCA and chill.
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Guy who's fully allocated would like you, would like you to know you should DCA and chill.
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Okay.
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But my thought process is basically I like the coins.
00:13:55.200 --> 00:13:59.200
I think every time I get in one of these Doomer debates, like I had this big Doomer argument with with Chumba.
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Yes, it was an argument, discussion with Chumba.
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And every discussion I leave, and I feel like we leave, and we're like, yeah, Bitcoin is awesome.
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I should have a ton of Bitcoin right now.
00:14:06.879 --> 00:14:13.519
But I really just have like no desire to buy it until chart reversal and like narrative reversal.
00:14:13.759 --> 00:14:15.759
Like I said this after the Justin Drake thing.
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It's like we need we need our our the five guys with opinions on the world to get in the lab and start cooking up some something new because we're gonna need something new in order for this to work.
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And so I am prepared to start slamming when it's time to start slamming.
00:14:32.799 --> 00:14:35.759
But at the moment, I kind of have my tail to my legs, dude.
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Buying-wise at the moment, I kind of just like want to sit here and stream for a little while and like hang out, talk about my my docket that I got bumble on the docket, got a based interview.
00:14:46.080 --> 00:14:48.639
Like, I'm kind of in the mood to just sort of like hang out.
00:14:48.720 --> 00:14:49.840
You think midterms is a thing?
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It's definitely a thing, and so that's kind of what I'm thinking right now.
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I know it's not like particularly helpful, but it's just like where my head is at.
00:14:57.759 --> 00:15:02.639
The big boy real man market is about to open in 30 seconds on Thursday, October 5th.
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As always, it's powered by Phantom.
00:15:04.720 --> 00:15:07.600
It's powered by Phantom because this is a scary one, like a ghost.
00:15:07.759 --> 00:15:10.879
This is an open, like like seeing a ghost.
00:15:11.120 --> 00:15:11.440
Okay.
00:15:12.159 --> 00:15:17.360
It's a scary one, it's an important one, it's a somber, gloomy, doomy one.
00:15:17.600 --> 00:15:19.039
Let us see what happens.
00:15:19.200 --> 00:15:22.159
If uh if you'd like to chat, you can chat on all platforms.
00:15:22.399 --> 00:15:25.440
It's Thursday, October 15th, 2026.
00:15:25.679 --> 00:15:29.440
It's a short stream, and the stock market is a victory.
00:15:29.679 --> 00:15:32.080
Bam! Let's go, let's go, let's go.
00:15:32.159 --> 00:15:34.720
Let's go, let's go, let's go, let us go.
00:15:34.799 --> 00:15:40.000
The spy opens SPX opens down 1.1.
00:15:40.480 --> 00:15:41.120
That's weird.
00:15:41.519 --> 00:15:43.600
I might have to get a new uh thing.
00:15:43.679 --> 00:15:44.559
Which one of these is wrong?
00:15:44.639 --> 00:15:46.480
Is it 0.4 or is it 1.1?
00:15:46.559 --> 00:15:50.480
I don't really know, but I do notice the NASDAQ 100 is down 0.89.
00:15:50.960 --> 00:15:51.600
Not great.
00:15:51.759 --> 00:15:53.519
The Dow is up 0.5.
00:15:54.000 --> 00:15:56.320
Photonics are down six percent.
00:15:56.399 --> 00:15:58.559
You know, I haven't heard from in a while is Serenity.
00:15:58.720 --> 00:16:00.000
What happens to Serenity?
00:16:00.159 --> 00:16:01.519
Photonic Serenity.
00:16:01.679 --> 00:16:06.000
That is a name I have not heard about in a long time.
00:16:06.159 --> 00:16:07.360
I wonder why.
00:16:07.600 --> 00:16:11.840
Neo clouds are down seven percent, Nasdaq almost down one.
00:16:12.000 --> 00:16:15.679
The Soxel is red 11.3 today.
00:16:15.840 --> 00:16:16.639
Holy fuck.
00:16:16.879 --> 00:16:19.600
Straight line loses 100 confidently.
00:16:19.759 --> 00:16:20.639
IGV is down one.
00:16:20.720 --> 00:16:22.080
Mag's down 1.5.
00:16:22.399 --> 00:16:27.679
Oh, my gaming, my Microsoft Dram is red, it's green on the open.
00:16:28.000 --> 00:16:29.840
Oh my, but it's down 6.1.
00:16:30.000 --> 00:16:33.039
The IBB is green one percent.
00:16:33.279 --> 00:16:34.960
Bitcoin is about to lose it.
00:16:35.120 --> 00:16:36.720
Oh, it's about to lose it, guys.
00:16:36.879 --> 00:16:38.799
We had so much fun below 80.
00:16:38.879 --> 00:16:41.120
It gets let's see what happens below 80.
00:16:41.200 --> 00:16:42.480
What are they hiding below 80?
00:16:42.639 --> 00:16:44.480
And Ben Cowan, dude.
00:16:44.559 --> 00:16:45.519
It wants sub 80.
00:16:45.679 --> 00:16:46.960
Call this the 80 roll.
00:16:47.200 --> 00:17:03.200
Zach, 1,090, ETH 23, hype 77, lighter 2.9, pump down 11, pur down five, silver's up two, sold on three, stretch 98, yields 30 years down 2.6, 10 years down 2.6.
00:17:03.519 --> 00:17:05.039
Everything rotating to dividend stocks.
00:17:05.119 --> 00:17:06.240
DNAP, I've been saying it.
00:17:06.319 --> 00:17:07.200
I want dividends.
00:17:07.359 --> 00:17:11.440
The two years down two, VIX is up five, gold is up one point six.
00:17:11.680 --> 00:17:13.200
Base is on later today.
00:17:13.359 --> 00:17:15.759
Bitcoin bounces off 80 at 230.
00:17:15.920 --> 00:17:24.000
Brent is down one, crude is up one, Palantir is down three, Raytheon's up one, Northrop's up two, and Lockheed is up 1.75.
00:17:24.640 --> 00:17:30.880
Adobe's up three, Netflix is up two, Salesforce up 1.5, QCOM up 0.5, Apple up 0.5, and IBM is up one.
00:17:31.279 --> 00:17:32.079
Biggest losers.
00:17:32.160 --> 00:17:33.599
SK Heinz last night.
00:17:33.759 --> 00:17:34.400
Down 11.
00:17:34.480 --> 00:17:37.759
No, I'm all cash from Zach Cash from 1130 or something.
00:17:38.079 --> 00:17:39.440
Rocket Lab is down 11.
00:17:39.680 --> 00:17:40.640
Oh, Issa, fuck.
00:17:40.720 --> 00:17:41.440
We gotta look though.
00:17:41.599 --> 00:17:42.720
He's still on Rocket Lab.
00:17:42.960 --> 00:17:44.079
Now we closed it.
00:17:44.319 --> 00:17:48.000
Minus damn, minus 757,000.
00:17:48.240 --> 00:17:56.000
So almost down a million on XRP, million on Micron, 270 on Plasma, 500 on Ando, 400 on Doge.
00:17:56.240 --> 00:17:59.119
Jeez, Rocket Lab down 12.5 now.
00:17:59.279 --> 00:17:59.680
My god.
00:17:59.839 --> 00:18:01.119
Issa, what's good, bro?
00:18:01.279 --> 00:18:01.839
Hearts.
00:18:02.000 --> 00:18:03.680
You make it once, you lose it, make it back.
00:18:03.759 --> 00:18:04.960
That's how we fucking move.
00:18:05.119 --> 00:18:06.079
We got you, bro.
00:18:06.319 --> 00:18:08.160
Shaws$28.
00:18:09.359 --> 00:18:10.319
Love, brother.
00:18:10.480 --> 00:18:10.960
Look at this.
00:18:11.039 --> 00:18:12.880
This is one of the nastiest things I've ever seen.
00:18:13.039 --> 00:18:13.359
Really?
00:18:13.519 --> 00:18:14.720
Leopold lied.
00:18:14.960 --> 00:18:15.680
People died.
00:18:15.920 --> 00:18:16.799
Bloom eight.
00:18:17.039 --> 00:18:17.839
Dell eight.
00:18:18.000 --> 00:18:18.960
Momentum eight.
00:18:19.119 --> 00:18:20.400
Sand disk eight.
00:18:20.559 --> 00:18:21.279
Straight line.
00:18:21.440 --> 00:18:22.640
This is a dog I fuck with him.
00:18:22.799 --> 00:18:25.200
He fucking puts his money in the on the fucking line.
00:18:25.440 --> 00:18:25.920
My god.
00:18:26.000 --> 00:18:26.799
What is Shaw's?
00:18:26.960 --> 00:18:29.359
It's a Neo Cloud that Leopold bought 20% of.
00:18:29.440 --> 00:18:30.559
Robostrategy six.
00:18:30.799 --> 00:18:32.160
Skayanix ADR six.
00:18:32.319 --> 00:18:32.960
Intel six.
00:18:33.119 --> 00:18:33.839
AMD six.
00:18:34.160 --> 00:18:34.960
Marvell six.
00:18:35.119 --> 00:18:36.079
SpaceX five.
00:18:36.319 --> 00:18:37.440
Holy wipeout.
00:18:37.599 --> 00:18:38.720
Cerebus, four more.
00:18:38.880 --> 00:18:39.920
Micron, five more.
00:18:40.079 --> 00:18:41.119
Nvidia three.
00:18:41.359 --> 00:18:41.920
Meta two.
00:18:42.160 --> 00:18:43.200
Where's Microsoft?
00:18:43.359 --> 00:18:43.920
Wow.
00:18:44.160 --> 00:18:44.960
Oh, dude.
00:18:45.200 --> 00:18:46.000
Microsoft.
00:18:46.160 --> 00:18:46.720
Look at that.
00:18:46.880 --> 00:18:48.160
Bitcoin did it lose it.
00:18:48.240 --> 00:18:48.880
No, it didn't.
00:18:49.039 --> 00:18:50.480
It's somehow holding up.
00:18:50.640 --> 00:18:52.079
Soxil 12.
00:18:52.319 --> 00:18:53.759
Nasdaq not on a full percent.
00:18:53.839 --> 00:18:55.359
Neil Cod's down eight.
00:18:55.599 --> 00:18:56.559
Dram eight.
00:18:56.720 --> 00:18:58.319
That lily's gotta be green, right?
00:18:58.400 --> 00:18:58.960
Of course it is.
00:18:59.119 --> 00:19:00.240
That Lily plus three.
00:19:00.319 --> 00:19:03.119
Nike, biggest gainer, 3.6.
00:19:03.359 --> 00:19:04.319
Lulu three.
00:19:04.400 --> 00:19:05.440
eBay three.
00:19:05.599 --> 00:19:06.720
Take two up 2%.
00:19:07.200 --> 00:19:08.079
Roblox up one.
00:19:08.240 --> 00:19:08.799
Where's Unity?
00:19:08.880 --> 00:19:09.279
Unity.
00:19:09.359 --> 00:19:09.759
Unity.
00:19:09.839 --> 00:19:10.079
No.
00:19:10.160 --> 00:19:10.559
How?
00:19:10.720 --> 00:19:11.759
Unity's down three.
00:19:12.000 --> 00:19:13.200
Hood is down seven.
00:19:13.599 --> 00:19:15.119
Core weave down another eight.
00:19:15.279 --> 00:19:16.400
Nevius down nine.
00:19:16.559 --> 00:19:17.839
I ren down nine.
00:19:18.079 --> 00:19:19.680
MSTR 5.5.
00:19:19.839 --> 00:19:20.640
Circle five.
00:19:20.720 --> 00:19:21.839
Coinbase four.
00:19:22.079 --> 00:19:22.400
Wow.
00:19:22.559 --> 00:19:23.759
What about all coins?
00:19:23.920 --> 00:19:25.599
Only coin green is XPL.
00:19:25.759 --> 00:19:26.720
Chip 16.
00:19:26.799 --> 00:19:27.519
Pump 11.
00:19:27.599 --> 00:19:28.400
Jupiter 10.
00:19:28.640 --> 00:19:29.359
Monet eight.
00:19:29.440 --> 00:19:30.160
Gito eight.
00:19:30.240 --> 00:19:30.480
Wow.
00:19:30.640 --> 00:19:31.440
Near five.
00:19:31.519 --> 00:19:32.880
Avax five.
00:19:33.119 --> 00:19:33.680
Wow.
00:19:33.920 --> 00:19:38.079
Bitcoin trying, but not doing great to hold this.
00:19:38.240 --> 00:19:39.839
Um IGV's flat.
00:19:40.000 --> 00:19:40.960
Where's Microsoft?
00:19:41.039 --> 00:19:41.759
My MSFT.
00:19:41.839 --> 00:19:42.319
My baby.
00:19:42.400 --> 00:19:43.279
Oh my god.
00:19:43.839 --> 00:19:44.799
D Nap, man.
00:19:44.880 --> 00:19:46.799
They really gotta stop playing with me, bro.
00:19:46.960 --> 00:19:48.319
They gotta stop playing with me.
00:19:48.400 --> 00:19:49.920
I know I'm they gotta stop.
00:19:50.079 --> 00:19:51.200
They really gotta stop.
00:19:51.359 --> 00:19:53.599
It's like, how do we buy the one green coin in the whole market?
00:19:53.680 --> 00:19:55.680
How tell them motherfuckers to stop?
00:19:55.839 --> 00:19:57.279
Tell them motherfuckers to stop.
00:19:57.440 --> 00:19:58.720
I am I am still down on it.
00:19:58.799 --> 00:19:59.279
I'm down on it.
00:19:59.519 --> 00:20:01.039
This is my entry, is the yellow line.
00:20:01.359 --> 00:20:03.119
But wow, is plasma still green?
00:20:03.200 --> 00:20:03.759
Unbelievable.
00:20:03.839 --> 00:20:04.799
It's the only green coin.
00:20:05.279 --> 00:20:05.759
All right, cool.
00:20:05.839 --> 00:20:08.799
It looks like we're we're doing a little little bottom bounce.
00:20:09.119 --> 00:20:10.480
I have a theory, by the way, in the market, man.
00:20:11.039 --> 00:20:12.240
I want to look at something.
00:20:12.880 --> 00:20:14.079
Um let's see.
00:20:14.319 --> 00:20:17.200
Highest paying dividend stocks.
00:20:17.599 --> 00:20:21.200
Number one, LX 55.5% yield.
00:20:21.359 --> 00:20:22.720
It's red on the daily.
00:20:22.799 --> 00:20:24.640
Let's see what the high time frame looks like, though.
00:20:24.880 --> 00:20:26.880
I just want to see the highest ones are dog shit.
00:20:27.119 --> 00:20:27.440
Huh.
00:20:27.759 --> 00:20:29.039
How would you search this then?
00:20:29.200 --> 00:20:30.160
They pay a lot for a reason.
00:20:30.799 --> 00:20:31.359
Green 2%.
00:20:31.680 --> 00:20:34.160
No, this is not working as I thought it was gonna work.
00:20:34.559 --> 00:20:35.279
Actually, how about this?
00:20:35.359 --> 00:20:40.079
How about like um highest dividend NASDAQ stocks?
00:20:40.400 --> 00:20:43.680
Or actually, highest dividend uh SP stocks, maybe.
00:20:43.759 --> 00:20:44.319
How about that?
00:20:44.480 --> 00:20:45.759
Yes, let's try this.
00:20:45.920 --> 00:20:47.519
Let me uh switch it up a little bit.
00:20:47.759 --> 00:20:48.240
Maybe not.
00:20:48.319 --> 00:20:51.680
Uh United oh, UPS really GIS.
00:20:52.240 --> 00:20:52.960
No, damn.
00:20:53.039 --> 00:20:54.880
What the fuck is keeping the market up?
00:20:55.519 --> 00:20:57.200
How is SP at all time high?
00:20:57.519 --> 00:20:58.319
That looks pretty good.
00:20:58.799 --> 00:21:00.880
Tobacco, tobacco, tobacco.
00:21:01.039 --> 00:21:02.880
Is everything tobacco up?
00:21:03.119 --> 00:21:07.359
Billet Morris fucking is everything tobacco is just like gigagreen.
00:21:07.680 --> 00:21:09.359
What about uh Budweiser?
00:21:09.680 --> 00:21:10.240
Alcohol?
00:21:10.400 --> 00:21:12.799
No, craft Heinz, no, yeah.
00:21:12.880 --> 00:21:15.680
Okay, this isn't I I thought it was gonna look a little bit different right now.
00:21:15.920 --> 00:21:18.079
Pfizer pays a six percent yield.
00:21:18.319 --> 00:21:19.599
There was a based tweet.
00:21:19.759 --> 00:21:20.720
Wait, let me see this real quick.
00:21:20.880 --> 00:21:21.839
Base 16Z.
00:21:22.000 --> 00:21:24.480
Who's trash cigarettes, alcohol?
00:21:24.720 --> 00:21:29.519
Biggest public alcohol companies, biggest US public alcohol companies.
00:21:29.680 --> 00:21:31.359
Um, STZ is one.
00:21:31.759 --> 00:21:33.759
No, that's not really happening.
00:21:34.000 --> 00:21:34.640
Never mind.
00:21:34.799 --> 00:21:37.359
I thought we had some uh degeneracy trend happening.
00:21:37.599 --> 00:21:38.400
Doesn't seem that we do.
00:21:38.640 --> 00:21:40.400
Utilities, what about utility companies?
00:21:40.559 --> 00:21:43.279
Uh biggest US public utility companies.
00:21:44.480 --> 00:21:45.359
Looks decent.
00:21:45.759 --> 00:21:47.200
Southern company SO.
00:21:47.440 --> 00:21:48.880
No, looks decent.
00:21:49.200 --> 00:21:50.480
C E G Energy.
00:21:50.640 --> 00:21:53.279
No, okay, no, no crazy trend for you at all.
00:21:53.519 --> 00:21:55.279
All right, Bitcoin number the baby bounce.
00:21:55.359 --> 00:21:56.160
Thank God.
00:21:56.480 --> 00:21:59.759
Thank god 80,511.
00:22:00.240 --> 00:22:01.440
00 on Zach.
00:22:01.599 --> 00:22:02.799
Did we bought him for a little bit?
00:22:02.960 --> 00:22:04.000
Dram is only down six.
00:22:04.079 --> 00:22:05.519
Soxel bounces a little bit.
00:22:05.680 --> 00:22:09.200
Microsoft 536.
00:22:09.599 --> 00:22:11.759
Okay, I look up dividend yield ETFs.
00:22:11.920 --> 00:22:12.720
Okay, let's see.
00:22:12.880 --> 00:22:14.880
Dividend yield ETF.
00:22:15.119 --> 00:22:16.160
Schwab U.S.
00:22:16.240 --> 00:22:17.440
dividend equity ETF.
00:22:17.519 --> 00:22:18.160
What does it have?
00:22:18.319 --> 00:22:21.920
100-based companies based on dividend history cash flow return equity and financial strength.
00:22:22.000 --> 00:22:22.799
It's five minutes.
00:22:22.880 --> 00:22:23.440
Oh my god.
00:22:23.599 --> 00:22:24.000
Whoa.
00:22:24.160 --> 00:22:24.720
What is this?
00:22:24.880 --> 00:22:26.559
Dividend Schwab U.S.
00:22:26.640 --> 00:22:27.759
dividend ETF.
00:22:28.000 --> 00:22:29.359
Vanguard dividend ETF.
00:22:29.519 --> 00:22:30.319
VYM.
00:22:30.559 --> 00:22:33.039
This is what I was fucking looking for, dude.
00:22:33.200 --> 00:22:33.839
Thank you.
00:22:34.079 --> 00:22:35.440
Vanguard high dividend.
00:22:35.519 --> 00:22:36.799
It's like a leverage version.
00:22:37.039 --> 00:22:38.160
Bro, yeah.
00:22:38.400 --> 00:22:39.599
What does this hold?
00:22:39.839 --> 00:22:40.640
CHD.
00:22:40.720 --> 00:22:41.279
What does it hold?
00:22:41.440 --> 00:22:43.119
It's be talked about a lot on the tube.
00:22:43.279 --> 00:22:52.880
Texas Instruments, Proctor and Gamble, Chevron Coke, Conico Phillips, Ballcom, United Health, Health Cares, Consumer Staples, Energy, Industrials, Financials.
00:22:53.279 --> 00:22:54.079
Interesting.
00:22:54.319 --> 00:22:56.319
And do you get paid out dividends?
00:22:56.480 --> 00:22:56.960
Yes.
00:22:57.119 --> 00:22:58.240
It does pay dividends.
00:22:58.400 --> 00:22:59.920
Approximately 3.1 to 2%.
00:23:00.319 --> 00:23:01.759
Is this annually or quarterly?
00:23:01.839 --> 00:23:03.039
It's gotta be annually, right?
00:23:03.279 --> 00:23:03.839
Annual.
00:23:04.000 --> 00:23:13.440
Okay, now here's my question Is that why would I buy CHD for 3.1% when I could just buy the fucking 30 year?
00:23:13.680 --> 00:23:14.720
Sounds terrible.
00:23:14.880 --> 00:23:16.000
What's the point of it?
00:23:16.160 --> 00:23:19.759
Well, the stocks go up too, but but then I would just buy growth stocks.
00:23:19.920 --> 00:23:20.559
Explain that.
00:23:20.799 --> 00:23:23.359
What I would just buy fucking shit that actually goes up.
00:23:23.599 --> 00:23:25.759
Because it it also goes down theoretically.
00:23:25.920 --> 00:23:27.200
I mean 3% is nuts.
00:23:27.279 --> 00:23:28.160
What am I doing with 3%?
00:23:28.400 --> 00:23:30.160
This is you're gonna not pace inflation.
00:23:30.319 --> 00:23:30.640
3%.
00:23:31.200 --> 00:23:33.440
That's a terrible that's like a terrible pitch.
00:23:33.680 --> 00:23:34.640
SCHD.
00:23:34.720 --> 00:23:35.599
I I hate that.
00:23:35.839 --> 00:23:39.200
Might as well hold fucking USDR on Robinhood or whatever.
00:23:39.359 --> 00:23:43.920
It's up like during a generational equities bull market, it's up like 25%.
00:23:44.480 --> 00:23:45.680
Wait, wait, wait, wait, wait, wait.
00:23:45.839 --> 00:23:46.720
It's not even up enough.
00:23:46.880 --> 00:23:48.000
It's up less than the 30.
00:23:48.480 --> 00:23:52.640
It's up less than the 30 year would have gotten me this year in a generational equities bull market.
00:23:52.880 --> 00:23:54.799
Am I am I am I wrong?
00:23:55.119 --> 00:23:55.920
25%?
00:23:56.559 --> 00:23:57.680
Ah I can't do math.
00:23:57.759 --> 00:23:58.480
I can't do math.
00:23:58.640 --> 00:23:59.440
I can't do math.
00:23:59.599 --> 00:24:00.240
Wait, wait, wait.
00:24:00.319 --> 00:24:01.279
Hold on, hold on, hold on.
00:24:01.519 --> 00:24:02.079
I don't get it.
00:24:02.160 --> 00:24:02.559
I don't get it.
00:24:02.640 --> 00:24:03.440
Why do I buy this?
00:24:03.519 --> 00:24:05.200
I'm just gonna buy the fucking 30 year.
00:24:05.279 --> 00:24:05.839
I don't get it.
00:24:05.920 --> 00:24:06.559
I don't get it.
00:24:06.799 --> 00:24:07.759
Dude, it's war.
00:24:08.000 --> 00:24:08.640
It's war.
00:24:08.799 --> 00:24:10.000
Oh my god, it's war.
00:24:10.160 --> 00:24:11.839
Oh, they can't even defend 80, dude.
00:24:11.920 --> 00:24:13.119
They can't defend 80.
00:24:13.359 --> 00:24:14.640
Oh my god.
00:24:16.160 --> 00:24:17.359
We're losing.
00:24:19.440 --> 00:24:21.440
Someone started unlocking new sounds.
00:24:21.519 --> 00:24:23.200
I've never heard these sounds before.
00:24:23.440 --> 00:24:24.480
Oh lord.
00:24:24.720 --> 00:24:26.960
And nothing hurts anymore.
00:24:27.119 --> 00:24:29.200
I feel kinda free.
00:24:29.920 --> 00:24:33.119
We still the kids we used to be.
00:24:34.000 --> 00:24:40.160
I put my hand on the stove to see if I still bleed.
00:24:40.799 --> 00:24:42.880
And nothing hurts anymore.
00:24:43.039 --> 00:24:44.079
I'm free.
00:24:44.319 --> 00:24:46.480
I'm free falling.
00:24:46.960 --> 00:24:47.920
Alright, we're good.
00:24:48.079 --> 00:24:48.880
Back on baby.
00:24:49.039 --> 00:24:49.279
Thank you.
00:24:49.440 --> 00:24:50.799
Okay, I do have one stock for you.
00:24:50.960 --> 00:24:52.079
Um, Bumble.
00:24:52.480 --> 00:24:56.160
Bumble is being delisted soon.
00:24:56.720 --> 00:24:59.359
And they were recently acquired.
00:24:59.599 --> 00:25:09.839
So company Ithaca Holdings announced that they have recently announced an agreement to acquire Bumble over the past six months with like a hundred companies asking which business would become more valuable as AI advances.
00:25:10.000 --> 00:25:11.119
Bumble stood out.
00:25:11.200 --> 00:25:16.960
As intelligence becomes more abundant, we believe connecting with the right person and forming meaningful relationships will become even more precious.
00:25:17.200 --> 00:25:21.359
Frontier Technology can help more people find and build those relationships.
00:25:21.599 --> 00:25:25.599
It's down 91% from their peak market cap.
00:25:26.079 --> 00:25:31.359
They've reported seven consecutive quarters of paying user declines.
00:25:31.519 --> 00:25:35.519
And I think it's a horrific post-AI business for two reasons.
00:25:35.759 --> 00:25:42.640
Number one is I think if we're not already there, you are not going to be able to trust somebody you met on the internet as a potential girlfriend.
00:25:42.720 --> 00:25:43.039
No way.
00:25:43.119 --> 00:25:50.880
It's going to be an I cash, pool bar, pool hall, billiards bar, arcade, 1980s, drive-in.
00:25:51.599 --> 00:25:55.599
I walk around with a hundreds and a money clip type of dating world, first of all.
00:25:55.759 --> 00:25:56.079
Okay.
00:25:56.240 --> 00:25:57.920
That's just like at a baseline.
00:25:58.000 --> 00:25:59.839
Let's just accept that that's happening.
00:26:00.079 --> 00:26:00.400
Okay.
00:26:00.880 --> 00:26:09.200
And number two is nobody wants us to admit this or speak about this publicly, but every dating app has lost to Instagram.
00:26:09.519 --> 00:26:10.160
Obviously.
00:26:10.319 --> 00:26:12.960
Like straight up lost to Instagram.
00:26:13.200 --> 00:26:14.000
Nothing.
00:26:14.400 --> 00:26:17.680
Like, what am I doing on Tinder in 2026?
00:26:18.319 --> 00:26:21.920
Instagram is the ultimate social proof, social graph.
00:26:22.160 --> 00:26:25.920
If you are on if I'm I don't want to find you on Tinder, okay?
00:26:27.039 --> 00:26:28.480
I don't want to find you on Tinder.
00:26:28.880 --> 00:26:31.359
No interest in doing that at all.
00:26:32.559 --> 00:26:37.759
Instagram has unequivocally killed every dating app by million miles.
00:26:37.920 --> 00:26:39.680
Nothing, nothing even comes close.
00:26:40.400 --> 00:26:43.519
And by the way, if you're this is this is the Kanye take, I think.
00:26:43.680 --> 00:26:45.920
Razmer take, Razmer from Kanye.
00:26:46.240 --> 00:26:47.920
Everyone's losing their goals to Instagram.
00:26:48.480 --> 00:26:49.359
This is a whole nother one.
00:26:49.440 --> 00:26:52.559
We could maybe spend more time on this on a on a different stream.
00:26:52.720 --> 00:26:58.000
But uh if your girlfriend is active on IG, she's a little bit single.
00:26:58.240 --> 00:27:02.880
I hate to be that guy, but they got her in a chokehold straight up.
00:27:03.039 --> 00:27:04.319
Instagram has got her.
00:27:04.640 --> 00:27:06.720
IG got it she's going.
00:27:06.880 --> 00:27:07.119
Okay?
00:27:07.440 --> 00:27:20.240
She's going because here's the thing pre-Instagram, if you got a girlfriend, the ability for a guy like Kyle Saska to swipe up and tell yo, I'm up 25 today, almost zero.
00:27:20.480 --> 00:27:20.720
Okay.
00:27:21.119 --> 00:27:22.960
It would only happen IRL.
00:27:23.279 --> 00:27:27.119
He approaches people are watching, it's in public, it's not happening.
00:27:27.359 --> 00:27:32.480
On IG, you're competing on IG, you're competing with like English football players.
00:27:32.640 --> 00:27:35.039
You're competing with like the your girlfriend.
00:27:35.200 --> 00:27:39.680
Tell me how how my girlfriend lives in New York City and I'm competing with like Erland Holland in Norway.
00:27:39.839 --> 00:27:41.039
Tell me how that works.
00:27:41.200 --> 00:27:43.759
And then how we're supposed to be in like a healthy relationship.
00:27:43.920 --> 00:27:45.359
Like, how does that work?
00:27:45.519 --> 00:27:49.920
It's like, how am I supposed to date in the city when I know she could be talking to Landry Shaman?
00:27:50.400 --> 00:27:51.359
It's like, what?
00:27:51.599 --> 00:27:53.359
It's it's ridiculous.
00:27:53.680 --> 00:28:03.119
And the problem with it really is you try to convince her, you know, a great man, a rich man, a classic man once said, if your girl really loved you, she would delete Instagram.
00:28:03.359 --> 00:28:06.160
But the problem is, like, I gotta even give her some credit.
00:28:06.400 --> 00:28:09.759
Instagram just is the canonical social graph of society.
00:28:09.920 --> 00:28:17.359
And so it's like, if if I make my girl delete Instagram, and then some guy approaches, there's a reasonable chance he's getting her phone number.
00:28:17.519 --> 00:28:21.680
Now he now he looks up his phone number on on the global palantir database.
00:28:21.839 --> 00:28:25.519
He knows her address, he knows my license plate, he knows what I drive.
00:28:25.759 --> 00:28:29.839
She, you're getting she's only getting it, giving out her Instagram, she's giving out her phone number.
00:28:29.920 --> 00:28:33.920
And so Instagram has a got your woman in a chokehold, and there's nothing you could fucking do about it.
00:28:34.000 --> 00:28:34.480
Straight up.
00:28:34.640 --> 00:28:36.079
There's nothing you could do about it.
00:28:36.160 --> 00:28:39.759
You can't stop it, you can't get in the way of it, you can't front run it.
00:28:40.079 --> 00:28:44.319
Landry Shaman can swipe up at any moment, and there's nothing you can do to stop it.
00:28:44.400 --> 00:28:46.559
And that's just the way that it is in 2026.
00:28:46.799 --> 00:28:56.960
And so, anyone that comes and tells you, it's like 47-year-old man who's been married for 20 years doesn't understand why the why dating app stocks are not trading well.
00:28:57.119 --> 00:28:58.960
It's like they don't get it.
00:28:59.119 --> 00:29:01.680
And so you're not finding her on Bumble ever.
00:29:02.000 --> 00:29:12.319
You're finding her on Instagram, and you're gonna be single forever because you'll be dating, but she's gonna be on there looking at like what new car David Dobrik just bought.
00:29:12.400 --> 00:29:17.119
It's like what it's like imagine being an ancient ruler and you know, a thousand years ago.
00:29:17.200 --> 00:29:23.039
Your wife would never know what car, like Genghis, you know, what horse Genghis Khan just like spawned.
00:29:23.119 --> 00:29:23.920
We'd never know.
00:29:24.160 --> 00:29:26.240
But now she has to know it's like the white stallion.
00:29:26.319 --> 00:29:29.359
Like it's it's just ridiculous that you have to deal with this, really.
00:29:29.680 --> 00:29:31.599
So, anyways, fuck Bumble.
00:29:31.759 --> 00:29:33.519
So I love you, I appreciate you.
00:29:33.759 --> 00:29:36.000
I will see you in a couple hours.
00:29:36.079 --> 00:29:36.880
Have a good one.
00:29:37.039 --> 00:29:37.440
I love you.
00:29:37.519 --> 00:29:38.000
Good luck out there.
00:29:38.079 --> 00:29:38.559
We're gonna be fine.
00:00:00.000 --> 00:00:02.240
What if Cam Newton fell in that fumble, man?
00:00:02.319 --> 00:00:03.439
The world will never know.
00:00:03.680 --> 00:00:06.799
Would Bitcoin still be$80,828?
00:00:07.360 --> 00:00:07.839
Maybe.
00:00:08.080 --> 00:00:08.880
Maybe not.
00:00:09.119 --> 00:00:09.839
I don't know.
00:00:10.000 --> 00:00:11.199
I guess we'll never know.
00:00:11.359 --> 00:00:12.960
And you know what else we'll never know?
00:00:13.119 --> 00:00:18.480
We'll never know what you could have been if you didn't fucking quit because the market got a little bit difficult.
00:00:18.719 --> 00:00:19.519
But alright.
00:00:19.760 --> 00:00:21.760
Uh markets in shambles today.
00:00:21.920 --> 00:00:22.640
It really is.
00:00:22.800 --> 00:00:30.719
I I wish I was gonna be able to come on stream and give you some elaborate theory as to why exactly we are where we are right now.
00:00:31.359 --> 00:00:34.880
And I just have no ability to do that.
00:00:35.039 --> 00:00:37.119
So we're gonna cover what we can cover.
00:00:37.280 --> 00:00:39.759
Um some anthropic numbers came out yesterday.
00:00:39.840 --> 00:00:49.200
It's genuinely unbelievable that the entire basically global economy is dependent on some leaked numbers on the biannually report from a private company.
00:00:49.359 --> 00:00:52.240
It's just insane that we're here right now.
00:00:52.399 --> 00:00:56.640
At the same, I don't know, we got some CI, CPI, inflation bad number.
00:00:56.880 --> 00:01:00.079
Um, and they're cooking, they're cooking the books and they're still giving us bad number.
00:01:04.000 --> 00:01:07.120
I've I've heard it all over the last 24 hours.
00:01:07.359 --> 00:01:08.560
I don't really know what comes next.
00:01:08.719 --> 00:01:09.599
I'm gonna be honest.
00:01:09.760 --> 00:01:11.599
I'm 100% in cash.
00:01:12.319 --> 00:01:17.760
I sold what I thought was the pico bottom of Zach, and it's now lower.
00:01:17.920 --> 00:01:24.959
I sold basically here on my re-entry, that was pretty dumb out here, and I'm 100% in cash.
00:01:25.200 --> 00:01:27.599
Except for for some reason I hold Microsoft.
00:01:27.680 --> 00:01:28.879
What was that, by the way?
00:01:29.200 --> 00:01:31.200
What did why did we do that yesterday?
00:01:31.519 --> 00:01:33.519
We why did I do that exactly?
00:01:33.599 --> 00:01:37.040
I don't really know why I did that, but for some reason I hold Microsoft.
00:01:37.280 --> 00:01:43.280
Apparently, Microsoft is or apparently the gaming market is impacted by anthropic ARR, which is nuts.
00:01:43.439 --> 00:01:51.280
So yeah, I'm all cash and I'm point, I don't know, I have 50 bips in of my net worth in in Microsoft for whatever reason.
00:01:51.599 --> 00:01:52.959
So that is what that is.
00:01:53.040 --> 00:02:05.120
But yeah, we're gonna do a little bit of a less planned just general stream today, and it's going to be a really fun good one.
00:02:05.280 --> 00:02:08.960
Let's start with this, and then let's talk about anthropic a little bit and we'll work backwards.
00:02:09.120 --> 00:02:12.080
So I want to do some slop topics, but let's just get the important stuff out of the way.
00:02:12.159 --> 00:02:12.719
Let's start with this.
00:02:12.879 --> 00:02:14.400
Little intro to get everyone on board.
00:02:52.319 --> 00:02:54.240
I have I I feel like it's bad.
00:02:54.960 --> 00:02:57.439
Five year olds are talking about SK Heinex.
00:02:58.000 --> 00:03:00.960
Dude, you should not care about SK Heinex when you're in third grade.
00:03:01.039 --> 00:03:03.840
By the way, if there's any third graders watching this, you shouldn't.
00:03:04.159 --> 00:03:07.039
Go outside and go go play Fortnite or something.
00:03:07.599 --> 00:03:14.000
If you're in fourth grade and you're watching this because you got a couple SK Heinex shares, go outside.
00:03:14.479 --> 00:03:14.719
Okay?
00:03:15.199 --> 00:03:16.560
You should not be watching the stream.
00:03:16.960 --> 00:03:17.439
Seriously.
00:03:17.599 --> 00:03:25.120
Go play on in the street, go play some basketball, pick up football, go play anything other than SK Heinex.
00:03:26.159 --> 00:03:30.080
I mean, dude, imagine being in fifth grade worrying about the cosby in the night session.
00:03:30.560 --> 00:03:31.439
It's like, dude.
00:03:31.599 --> 00:03:35.120
I mean, I couldn't even go think you know what you should do?
00:03:35.360 --> 00:03:38.240
Go learn about cameradish if you're in fourth grade.
00:03:38.879 --> 00:03:39.120
Okay.
00:03:39.439 --> 00:03:46.159
I don't want you thinking about the cosby and SK Heinex and if if if you know memory is a commodity or not.
00:03:46.639 --> 00:03:47.919
I don't want you thinking about that.
00:03:48.479 --> 00:03:49.199
I really don't.
00:03:49.360 --> 00:03:55.520
So go outside and and play with some fucking play with the football because I I don't know.
00:03:55.840 --> 00:03:57.360
Okay, here's what came out.
00:03:57.520 --> 00:04:14.960
I I don't really know that much about what we were expecting from Anthropic, but here's what I do know is that it's insane that basically the global economy right now is dependent on revenue numbers that are released biannually from a private company that Trump also hates with his entire life.
00:04:15.680 --> 00:04:21.040
Um Anthropic Q3 revenue jumps to 16.8 billion, up nearly 50% from Q2.
00:04:21.279 --> 00:04:24.959
But I think the duration of Q3, like it didn't grow at all.
00:04:25.120 --> 00:04:28.720
So huge jump from Q2, but then completely flat in Q3.
00:04:28.959 --> 00:04:31.680
Anthropic reports adjusted profitability, positive cash flow in Q3.
00:04:32.160 --> 00:04:40.319
Entropic draft S1 warns AI could pose existential risks to humanity, which is awesome that they would put that in there once again.
00:04:40.720 --> 00:04:47.600
I think it's crazy though that how how much money is basically dependent on expectations of this private company.
00:04:47.759 --> 00:04:50.959
We we we're getting like little leaked tidbits.
00:04:51.199 --> 00:04:52.399
It's actually ridiculous.
00:04:52.959 --> 00:04:58.800
Um, the Financial Times reports anthropic generated 16.8 billion in Q3 revenue up from 11.5 in Q2.
00:04:59.279 --> 00:05:04.800
Revenue continues to climb, quarterly growth has slowed from 143% in Q2 to 46% in Q3.
00:05:05.279 --> 00:05:08.959
So at least based off of this chart, ticker trends, it's obviously slowed.
00:05:09.600 --> 00:05:20.240
I think I saw this tweet that I think is relevant, which is like it's a little bit hard to grade and measure anthropic revenue in a vacuum and not I think it was actually a pee-pee poo-poo tweet, which is nuts.
00:05:21.040 --> 00:05:35.360
It's hard to just measure anthropic revenue in a vacuum and not account for open AI because people are like if anthropic is down, open AI is up, but the both of them combine for up and to the right.
00:05:35.759 --> 00:05:39.519
Just for a quick chat poll, are you are you do you pay for open AI?
00:05:39.680 --> 00:05:42.079
You pay for Chat GPT, you pay for Claude, or do you pay for both?
00:05:42.319 --> 00:05:43.360
One, the other, or both?
00:05:43.680 --> 00:05:44.560
Both, a lot of both.
00:05:44.639 --> 00:05:45.360
I pay for both.
00:05:45.600 --> 00:05:46.079
Neither.
00:05:46.240 --> 00:05:47.040
I don't know why.
00:05:47.360 --> 00:05:48.160
Pay for nothing.
00:05:48.480 --> 00:05:54.800
And so the story here is basically like rapid growth is slower than some anticipated fears about the AI trade rattles markets.
00:05:54.879 --> 00:05:56.319
It's like it's not enough.
00:05:56.639 --> 00:06:02.639
Um, anthropic told investors that third-quarter revenue jumped nearly 50% to 16.8 billion of the company was profitable.
00:06:02.959 --> 00:06:09.120
It's rapid growth is slower than the blistering pace at early in the year and below the expectations of some anthropic backers.
00:06:09.279 --> 00:06:12.560
Revenues are up from 11 billion in the three months to June.
00:06:12.720 --> 00:06:32.480
Okay, look, I'm not I'm not an expert on uh company finan private company financials, but here's I I I do have one take on this, which is that you know, the the OG citrini take is like AI is like deflationary and it's gonna be so good and so powerful and displace and disrupt so much that it's gonna hurt the economy.
00:06:32.720 --> 00:06:46.399
And I've actually found myself and again, I don't know how much revenue I account for for either company, but here's what I do know is that early AI like GPT 4, I would always I would like max out my plan all the time.
00:06:46.560 --> 00:06:47.759
I'd be on on max.
00:06:47.920 --> 00:06:50.720
It was barely good enough, I would max it out all the time.
00:06:50.959 --> 00:06:55.120
Now on now I find myself not even knowing what model I'm using.
00:06:55.360 --> 00:07:03.759
I'm basically always on chat GBT, fastest inference, like lowest capacity acquired, lowest think, whatever the slider is.
00:07:03.839 --> 00:07:06.480
I don't even know, and it's good enough for basically everything.
00:07:06.720 --> 00:07:10.160
I have not run out of tokens in like six months.
00:07:10.319 --> 00:07:10.959
I don't even know.
00:07:11.199 --> 00:07:13.279
I don't even know the last time I ran out of tokens.
00:07:13.360 --> 00:07:14.319
Like, when was that for me?
00:07:14.399 --> 00:07:16.399
I don't even know the last time I ran out of tokens.
00:07:16.560 --> 00:07:17.920
Never the answer is never.
00:07:18.079 --> 00:07:20.399
I there was a time to be fair, I was coding shit.
00:07:20.480 --> 00:07:25.279
Like I was coding stuff before, and I was doing some like I was running open claw.
00:07:25.439 --> 00:07:32.160
I was like, I was spamming tokens to build slop, but I stopped doing it, and I never maxed out my plan.
00:07:32.319 --> 00:07:35.600
I I haven't maxed out my plan in six months, and it's good enough.
00:07:35.680 --> 00:07:48.879
I talk to it all day, and so I have whatever the most expensive plan is, but I find myself getting away with the cheapest, fastest model and being really satisfied with it for basically every problem.
00:07:49.040 --> 00:07:55.759
Like I almost never need the any intensive think, but I'll use it in case I'm doing something like relatively important.
00:07:55.920 --> 00:07:57.360
And so I there's a tweet about it I like.
00:07:57.439 --> 00:07:58.959
It's like maybe not the most expensive.
00:07:59.040 --> 00:08:00.160
I don't use this, I don't have the$600.
00:08:00.480 --> 00:08:02.800
I think I spent$100 a month on open AI.
00:08:03.040 --> 00:08:03.759
Something like this.
00:08:04.079 --> 00:08:04.240
Dr.
00:08:04.480 --> 00:08:06.639
ChatGPT only don't use codecs, it literally never runs out.
00:08:06.720 --> 00:08:07.040
Yes.
00:08:20.319 --> 00:08:26.399
As a result, lower cost models and open source are capturing more of the demand hitting top line growth of the frontier labs.
00:08:26.480 --> 00:08:27.519
It's a commodity market.
00:08:27.680 --> 00:08:29.199
Investors will acknowledge this eventually.
00:08:29.360 --> 00:08:39.279
Also, assuming this is true, which it is at least for me, another thing that's not really being accounted for is the insane growth of these cheaper open source models over the last like six months.
00:08:39.440 --> 00:08:41.360
We've covered this relatively well as well.
00:08:41.600 --> 00:08:44.399
It's like it isn't just Chat GPT open AI.
00:08:44.480 --> 00:08:49.440
There's like a hundred alternatives and they're really cheap and they're really good happening all at once.
00:08:49.679 --> 00:08:51.279
And so mass uncertainty.
00:08:51.519 --> 00:08:53.519
I said more on GLM than open AI or anthropic.
00:08:53.600 --> 00:08:56.000
That's anti-pay, that's anti-American, Daniel.
00:08:56.159 --> 00:08:59.759
Dude, you're asking me to check DMs while we're in the middle of a market crisis.
00:09:00.080 --> 00:09:04.799
Are you suggesting that your DM is more important than the learning of a thousand live people right now?
00:09:05.039 --> 00:09:08.080
Your DM is more important than everyone in this entire stream.
00:09:08.159 --> 00:09:09.120
Fuck everybody else, right?
00:09:09.200 --> 00:09:13.200
Fuck moist balls, fuck pipe bomb, fuck DNA, fuck everybody.
00:09:13.440 --> 00:09:15.360
Read your DM right now in the middle of this.
00:09:15.440 --> 00:09:16.639
It's more important than everybody else.
00:09:16.799 --> 00:09:17.120
Really?
00:09:17.200 --> 00:09:17.919
That's what you're suggesting.
00:09:18.720 --> 00:09:21.279
When you type it multiple times, that's what you're suggesting.
00:09:21.440 --> 00:09:22.399
Fuck everybody else.
00:09:22.559 --> 00:09:25.360
It's like, what who the fuck do you think you are, man?
00:09:25.519 --> 00:09:33.360
And on this note, we had a inflation report come out, and then we have panic over core weave debt, all everything.
00:09:33.440 --> 00:09:35.360
Um Bitcoin's$80,500.
00:09:35.759 --> 00:09:45.840
Zach is under$1,100, which is crazy it's it's kind of crazy that this is under where I sold, because I just thought it was gonna, I didn't think it was gonna happen uh this fast if it did at all.
00:09:45.919 --> 00:09:47.519
I kind of thought I sold Pico Bottom.
00:09:47.679 --> 00:09:49.039
Fairly uncomfortable that I didn't.
00:09:49.200 --> 00:09:51.120
Bitcoin's 80 and not looking good.
00:09:51.200 --> 00:09:54.080
I mean, it looks looks horrible, but the real pain is over here.
00:09:54.240 --> 00:09:55.759
Drave is another seven in the pre.
00:09:56.000 --> 00:09:57.519
Sox was down ten in the pre.
00:09:57.840 --> 00:10:00.720
Q's are down another 1.2, cospee was down seven.
00:10:00.799 --> 00:10:01.600
Look, I mean, look at this.
00:10:01.679 --> 00:10:03.440
This market insane.
00:10:03.679 --> 00:10:04.639
Neo clouds are.
00:10:04.720 --> 00:10:07.679
I mean, look at the this is our neo cloud ECF that we look at every day.
00:10:07.840 --> 00:10:08.799
It's unbelievable.
00:10:09.039 --> 00:10:11.440
Core Weave is down another five in the pre.
00:10:11.679 --> 00:10:12.159
Look at this.
00:10:12.320 --> 00:10:17.279
It's the lowest since July, but really the lowest since May 25.
00:10:17.519 --> 00:10:19.279
Nebi's down another five in the pre.
00:10:19.679 --> 00:10:22.159
Like it's just uh it's carnage out here.
00:10:22.240 --> 00:10:32.879
And the thing I think is the most scary about it is that the SP 500 is down 1.7% total off all-time high.
00:10:33.039 --> 00:10:43.840
And so you you you have this like Leopold blow up moment, and then we're back for a little bit, and then you have another one, and it's like, uh now what?
00:10:44.080 --> 00:10:46.559
And so this is gonna be a pretty wild market open, I think.
00:10:46.720 --> 00:10:48.720
Cost be down eight, panic everywhere.
00:10:48.799 --> 00:10:50.159
You would like to see some green today.
00:10:50.240 --> 00:10:50.960
You really would.
00:10:51.120 --> 00:10:53.039
It's not looking, it's not looking great.
00:10:53.120 --> 00:10:54.240
GTHL just dropped.
00:10:54.399 --> 00:10:55.919
Wait, what is uh take two doing?
00:10:56.080 --> 00:10:58.000
Let's see if it's good on take two first.
00:10:58.159 --> 00:10:59.919
No, no, it doesn't even care.
00:11:00.159 --> 00:11:01.279
Take two doesn't care.
00:11:01.440 --> 00:11:02.639
0.8% in the pre.
00:11:02.879 --> 00:11:04.240
We wait 12 years for that shit, though.
00:11:04.320 --> 00:11:04.960
I like the song.
00:11:05.120 --> 00:11:06.399
Not a fan of the couple shit.
00:11:06.639 --> 00:11:07.519
Check Sony.
00:11:07.840 --> 00:11:09.039
Nice 0.78.
00:11:09.360 --> 00:11:10.000
Not bad.
00:11:10.240 --> 00:11:11.279
Um, all right.
00:11:11.440 --> 00:11:16.080
Here's my thing on state of coins and what I'm gonna do.
00:11:16.240 --> 00:11:21.039
Unfortunately, you tend to have no choice but to trust the guy who's gotten everything right up until this point.
00:11:21.200 --> 00:11:25.679
And unfortunately, unfortunately, the guy who's gotten everything right up until this point is Flood.
00:11:25.759 --> 00:11:27.440
Like it's just very unfortunate.
00:11:27.600 --> 00:11:28.879
Like, I don't know what else to say.
00:11:29.120 --> 00:11:31.919
And these are the Flood tweets in order.
00:11:32.080 --> 00:11:35.600
Number one, US considering using mother of all bombs against Iran.
00:11:36.000 --> 00:11:36.399
Crazy.
00:11:36.639 --> 00:11:37.759
Flood says bullish.
00:11:38.000 --> 00:11:47.600
Two, is he tweets January 2022, which is not a good tweet because January 2022, if I'm not mistaken, is here.
00:11:47.759 --> 00:11:49.679
Let's go, let's delete everything.
00:11:49.919 --> 00:11:51.440
January 2022 is here.
00:11:51.679 --> 00:11:58.639
How they didn't what they don't want to tell you is we had a generational NFT bull market in 2022, but that is what it is.
00:11:58.799 --> 00:12:01.120
So January 2022 is a is a rough tweet.
00:12:01.200 --> 00:12:04.879
It's like here, and then that's BTC on equities.
00:12:04.960 --> 00:12:08.159
It's like, let's see, I think it's a it's the same, maybe worse.
00:12:08.799 --> 00:12:10.159
Jan 2022.
00:12:10.320 --> 00:12:11.600
It's top tick, actually.
00:12:11.679 --> 00:12:13.039
They started hiking rates, I think.
00:12:13.200 --> 00:12:14.240
And so that's like Pico.
00:12:14.639 --> 00:12:19.039
Yeah, look, January 1st was actually top actually the top tick day, I think was January 1st.
00:12:19.200 --> 00:12:21.600
It was January 4th, was the top tick.
00:12:21.759 --> 00:12:24.159
Bitcoin was already down a little bit, but it had recovered.
00:12:24.399 --> 00:12:30.960
And then the third thing he tweeted was this they're not gonna bail them out, they're gonna offer them 0% loans as a matter of national security.
00:12:31.120 --> 00:12:35.600
That's when you back up the truck on Bitcoin and ride off into the sunset.
00:12:35.840 --> 00:12:38.879
And so, um, I'm all in cash right now.
00:12:39.039 --> 00:12:40.879
I kind of got lucky, I'm gonna be honest.
00:12:41.039 --> 00:12:43.759
Like, I I uh I kind of just got lucky on this.
00:12:44.000 --> 00:12:47.120
I don't I don't know what else to say by being all in cash.
00:12:47.279 --> 00:12:48.480
I kind of got lucky.
00:12:48.720 --> 00:12:50.240
I sort of panic sold.
00:12:50.399 --> 00:12:55.759
I got lucky and fucking panic sold everything until and then everything's just sort of getting crushed.
00:12:55.840 --> 00:12:57.440
There's been a couple times I got lucky.
00:12:57.679 --> 00:13:02.480
First time basically full porting chip on TGE for no reason in printing.
00:13:02.720 --> 00:13:04.960
And then second was I just got the spooks.
00:13:05.200 --> 00:13:09.120
Now there's the quote was it panic early or double down late?
00:13:09.759 --> 00:13:11.919
And I did not panic early enough.
00:13:12.000 --> 00:13:14.879
I could have saved myself six figures, which would have been great.
00:13:15.200 --> 00:13:20.240
But now I'm in cash, everything's getting just crushed.
00:13:20.480 --> 00:13:27.440
And you know, here's the thing that I've learned about myself as a trader over the years is I am not a bottom buyer or a top seller.
00:13:28.000 --> 00:13:33.200
I have zero ability to look at a chart and say it's time to buy.
00:13:33.360 --> 00:13:36.720
Just I have no ability, and so I will just never do that.
00:13:36.960 --> 00:13:37.360
Ever.
00:13:37.519 --> 00:13:40.000
Um, maybe I should get better at it DCAing down.
00:13:40.240 --> 00:13:41.679
People love DCA and chill.
00:13:41.759 --> 00:13:42.639
People love saying shit like this.
00:13:42.720 --> 00:13:44.399
They love saying this DCA and chill.
00:13:44.559 --> 00:13:49.840
Guy who's fully allocated would like you, would like you to know you should DCA and chill.
00:13:50.399 --> 00:13:50.720
Okay.
00:13:51.360 --> 00:13:55.039
But my thought process is basically I like the coins.
00:13:55.200 --> 00:13:59.200
I think every time I get in one of these Doomer debates, like I had this big Doomer argument with with Chumba.
00:13:59.279 --> 00:14:01.120
Yes, it was an argument, discussion with Chumba.
00:14:01.200 --> 00:14:05.039
And every discussion I leave, and I feel like we leave, and we're like, yeah, Bitcoin is awesome.
00:14:05.200 --> 00:14:06.720
I should have a ton of Bitcoin right now.
00:14:06.879 --> 00:14:13.519
But I really just have like no desire to buy it until chart reversal and like narrative reversal.
00:14:13.759 --> 00:14:15.759
Like I said this after the Justin Drake thing.
00:14:15.840 --> 00:14:27.360
It's like we need we need our our the five guys with opinions on the world to get in the lab and start cooking up some something new because we're gonna need something new in order for this to work.
00:14:27.600 --> 00:14:32.559
And so I am prepared to start slamming when it's time to start slamming.
00:14:32.799 --> 00:14:35.759
But at the moment, I kind of have my tail to my legs, dude.
00:14:36.000 --> 00:14:46.000
Buying-wise at the moment, I kind of just like want to sit here and stream for a little while and like hang out, talk about my my docket that I got bumble on the docket, got a based interview.
00:14:46.080 --> 00:14:48.639
Like, I'm kind of in the mood to just sort of like hang out.
00:14:48.720 --> 00:14:49.840
You think midterms is a thing?
00:14:49.919 --> 00:14:53.679
It's definitely a thing, and so that's kind of what I'm thinking right now.
00:14:53.840 --> 00:14:57.519
I know it's not like particularly helpful, but it's just like where my head is at.
00:14:57.759 --> 00:15:02.639
The big boy real man market is about to open in 30 seconds on Thursday, October 5th.
00:15:02.720 --> 00:15:04.480
As always, it's powered by Phantom.
00:15:04.720 --> 00:15:07.600
It's powered by Phantom because this is a scary one, like a ghost.
00:15:07.759 --> 00:15:10.879
This is an open, like like seeing a ghost.
00:15:11.120 --> 00:15:11.440
Okay.
00:15:12.159 --> 00:15:17.360
It's a scary one, it's an important one, it's a somber, gloomy, doomy one.
00:15:17.600 --> 00:15:19.039
Let us see what happens.
00:15:19.200 --> 00:15:22.159
If uh if you'd like to chat, you can chat on all platforms.
00:15:22.399 --> 00:15:25.440
It's Thursday, October 15th, 2026.
00:15:25.679 --> 00:15:29.440
It's a short stream, and the stock market is a victory.
00:15:29.679 --> 00:15:32.080
Bam! Let's go, let's go, let's go.
00:15:32.159 --> 00:15:34.720
Let's go, let's go, let's go, let us go.
00:15:34.799 --> 00:15:40.000
The spy opens SPX opens down 1.1.
00:15:40.480 --> 00:15:41.120
That's weird.
00:15:41.519 --> 00:15:43.600
I might have to get a new uh thing.
00:15:43.679 --> 00:15:44.559
Which one of these is wrong?
00:15:44.639 --> 00:15:46.480
Is it 0.4 or is it 1.1?
00:15:46.559 --> 00:15:50.480
I don't really know, but I do notice the NASDAQ 100 is down 0.89.
00:15:50.960 --> 00:15:51.600
Not great.
00:15:51.759 --> 00:15:53.519
The Dow is up 0.5.
00:15:54.000 --> 00:15:56.320
Photonics are down six percent.
00:15:56.399 --> 00:15:58.559
You know, I haven't heard from in a while is Serenity.
00:15:58.720 --> 00:16:00.000
What happens to Serenity?
00:16:00.159 --> 00:16:01.519
Photonic Serenity.
00:16:01.679 --> 00:16:06.000
That is a name I have not heard about in a long time.
00:16:06.159 --> 00:16:07.360
I wonder why.
00:16:07.600 --> 00:16:11.840
Neo clouds are down seven percent, Nasdaq almost down one.
00:16:12.000 --> 00:16:15.679
The Soxel is red 11.3 today.
00:16:15.840 --> 00:16:16.639
Holy fuck.
00:16:16.879 --> 00:16:19.600
Straight line loses 100 confidently.
00:16:19.759 --> 00:16:20.639
IGV is down one.
00:16:20.720 --> 00:16:22.080
Mag's down 1.5.
00:16:22.399 --> 00:16:27.679
Oh, my gaming, my Microsoft Dram is red, it's green on the open.
00:16:28.000 --> 00:16:29.840
Oh my, but it's down 6.1.
00:16:30.000 --> 00:16:33.039
The IBB is green one percent.
00:16:33.279 --> 00:16:34.960
Bitcoin is about to lose it.
00:16:35.120 --> 00:16:36.720
Oh, it's about to lose it, guys.
00:16:36.879 --> 00:16:38.799
We had so much fun below 80.
00:16:38.879 --> 00:16:41.120
It gets let's see what happens below 80.
00:16:41.200 --> 00:16:42.480
What are they hiding below 80?
00:16:42.639 --> 00:16:44.480
And Ben Cowan, dude.
00:16:44.559 --> 00:16:45.519
It wants sub 80.
00:16:45.679 --> 00:16:46.960
Call this the 80 roll.
00:16:47.200 --> 00:17:03.200
Zach, 1,090, ETH 23, hype 77, lighter 2.9, pump down 11, pur down five, silver's up two, sold on three, stretch 98, yields 30 years down 2.6, 10 years down 2.6.
00:17:03.519 --> 00:17:05.039
Everything rotating to dividend stocks.
00:17:05.119 --> 00:17:06.240
DNAP, I've been saying it.
00:17:06.319 --> 00:17:07.200
I want dividends.
00:17:07.359 --> 00:17:11.440
The two years down two, VIX is up five, gold is up one point six.
00:17:11.680 --> 00:17:13.200
Base is on later today.
00:17:13.359 --> 00:17:15.759
Bitcoin bounces off 80 at 230.
00:17:15.920 --> 00:17:24.000
Brent is down one, crude is up one, Palantir is down three, Raytheon's up one, Northrop's up two, and Lockheed is up 1.75.
00:17:24.640 --> 00:17:30.880
Adobe's up three, Netflix is up two, Salesforce up 1.5, QCOM up 0.5, Apple up 0.5, and IBM is up one.
00:17:31.279 --> 00:17:32.079
Biggest losers.
00:17:32.160 --> 00:17:33.599
SK Heinz last night.
00:17:33.759 --> 00:17:34.400
Down 11.
00:17:34.480 --> 00:17:37.759
No, I'm all cash from Zach Cash from 1130 or something.
00:17:38.079 --> 00:17:39.440
Rocket Lab is down 11.
00:17:39.680 --> 00:17:40.640
Oh, Issa, fuck.
00:17:40.720 --> 00:17:41.440
We gotta look though.
00:17:41.599 --> 00:17:42.720
He's still on Rocket Lab.
00:17:42.960 --> 00:17:44.079
Now we closed it.
00:17:44.319 --> 00:17:48.000
Minus damn, minus 757,000.
00:17:48.240 --> 00:17:56.000
So almost down a million on XRP, million on Micron, 270 on Plasma, 500 on Ando, 400 on Doge.
00:17:56.240 --> 00:17:59.119
Jeez, Rocket Lab down 12.5 now.
00:17:59.279 --> 00:17:59.680
My god.
00:17:59.839 --> 00:18:01.119
Issa, what's good, bro?
00:18:01.279 --> 00:18:01.839
Hearts.
00:18:02.000 --> 00:18:03.680
You make it once, you lose it, make it back.
00:18:03.759 --> 00:18:04.960
That's how we fucking move.
00:18:05.119 --> 00:18:06.079
We got you, bro.
00:18:06.319 --> 00:18:08.160
Shaws$28.
00:18:09.359 --> 00:18:10.319
Love, brother.
00:18:10.480 --> 00:18:10.960
Look at this.
00:18:11.039 --> 00:18:12.880
This is one of the nastiest things I've ever seen.
00:18:13.039 --> 00:18:13.359
Really?
00:18:13.519 --> 00:18:14.720
Leopold lied.
00:18:14.960 --> 00:18:15.680
People died.
00:18:15.920 --> 00:18:16.799
Bloom eight.
00:18:17.039 --> 00:18:17.839
Dell eight.
00:18:18.000 --> 00:18:18.960
Momentum eight.
00:18:19.119 --> 00:18:20.400
Sand disk eight.
00:18:20.559 --> 00:18:21.279
Straight line.
00:18:21.440 --> 00:18:22.640
This is a dog I fuck with him.
00:18:22.799 --> 00:18:25.200
He fucking puts his money in the on the fucking line.
00:18:25.440 --> 00:18:25.920
My god.
00:18:26.000 --> 00:18:26.799
What is Shaw's?
00:18:26.960 --> 00:18:29.359
It's a Neo Cloud that Leopold bought 20% of.
00:18:29.440 --> 00:18:30.559
Robostrategy six.
00:18:30.799 --> 00:18:32.160
Skayanix ADR six.
00:18:32.319 --> 00:18:32.960
Intel six.
00:18:33.119 --> 00:18:33.839
AMD six.
00:18:34.160 --> 00:18:34.960
Marvell six.
00:18:35.119 --> 00:18:36.079
SpaceX five.
00:18:36.319 --> 00:18:37.440
Holy wipeout.
00:18:37.599 --> 00:18:38.720
Cerebus, four more.
00:18:38.880 --> 00:18:39.920
Micron, five more.
00:18:40.079 --> 00:18:41.119
Nvidia three.
00:18:41.359 --> 00:18:41.920
Meta two.
00:18:42.160 --> 00:18:43.200
Where's Microsoft?
00:18:43.359 --> 00:18:43.920
Wow.
00:18:44.160 --> 00:18:44.960
Oh, dude.
00:18:45.200 --> 00:18:46.000
Microsoft.
00:18:46.160 --> 00:18:46.720
Look at that.
00:18:46.880 --> 00:18:48.160
Bitcoin did it lose it.
00:18:48.240 --> 00:18:48.880
No, it didn't.
00:18:49.039 --> 00:18:50.480
It's somehow holding up.
00:18:50.640 --> 00:18:52.079
Soxil 12.
00:18:52.319 --> 00:18:53.759
Nasdaq not on a full percent.
00:18:53.839 --> 00:18:55.359
Neil Cod's down eight.
00:18:55.599 --> 00:18:56.559
Dram eight.
00:18:56.720 --> 00:18:58.319
That lily's gotta be green, right?
00:18:58.400 --> 00:18:58.960
Of course it is.
00:18:59.119 --> 00:19:00.240
That Lily plus three.
00:19:00.319 --> 00:19:03.119
Nike, biggest gainer, 3.6.
00:19:03.359 --> 00:19:04.319
Lulu three.
00:19:04.400 --> 00:19:05.440
eBay three.
00:19:05.599 --> 00:19:06.720
Take two up 2%.
00:19:07.200 --> 00:19:08.079
Roblox up one.
00:19:08.240 --> 00:19:08.799
Where's Unity?
00:19:08.880 --> 00:19:09.279
Unity.
00:19:09.359 --> 00:19:09.759
Unity.
00:19:09.839 --> 00:19:10.079
No.
00:19:10.160 --> 00:19:10.559
How?
00:19:10.720 --> 00:19:11.759
Unity's down three.
00:19:12.000 --> 00:19:13.200
Hood is down seven.
00:19:13.599 --> 00:19:15.119
Core weave down another eight.
00:19:15.279 --> 00:19:16.400
Nevius down nine.
00:19:16.559 --> 00:19:17.839
I ren down nine.
00:19:18.079 --> 00:19:19.680
MSTR 5.5.
00:19:19.839 --> 00:19:20.640
Circle five.
00:19:20.720 --> 00:19:21.839
Coinbase four.
00:19:22.079 --> 00:19:22.400
Wow.
00:19:22.559 --> 00:19:23.759
What about all coins?
00:19:23.920 --> 00:19:25.599
Only coin green is XPL.
00:19:25.759 --> 00:19:26.720
Chip 16.
00:19:26.799 --> 00:19:27.519
Pump 11.
00:19:27.599 --> 00:19:28.400
Jupiter 10.
00:19:28.640 --> 00:19:29.359
Monet eight.
00:19:29.440 --> 00:19:30.160
Gito eight.
00:19:30.240 --> 00:19:30.480
Wow.
00:19:30.640 --> 00:19:31.440
Near five.
00:19:31.519 --> 00:19:32.880
Avax five.
00:19:33.119 --> 00:19:33.680
Wow.
00:19:33.920 --> 00:19:38.079
Bitcoin trying, but not doing great to hold this.
00:19:38.240 --> 00:19:39.839
Um IGV's flat.
00:19:40.000 --> 00:19:40.960
Where's Microsoft?
00:19:41.039 --> 00:19:41.759
My MSFT.
00:19:41.839 --> 00:19:42.319
My baby.
00:19:42.400 --> 00:19:43.279
Oh my god.
00:19:43.839 --> 00:19:44.799
D Nap, man.
00:19:44.880 --> 00:19:46.799
They really gotta stop playing with me, bro.
00:19:46.960 --> 00:19:48.319
They gotta stop playing with me.
00:19:48.400 --> 00:19:49.920
I know I'm they gotta stop.
00:19:50.079 --> 00:19:51.200
They really gotta stop.
00:19:51.359 --> 00:19:53.599
It's like, how do we buy the one green coin in the whole market?
00:19:53.680 --> 00:19:55.680
How tell them motherfuckers to stop?
00:19:55.839 --> 00:19:57.279
Tell them motherfuckers to stop.
00:19:57.440 --> 00:19:58.720
I am I am still down on it.
00:19:58.799 --> 00:19:59.279
I'm down on it.
00:19:59.519 --> 00:20:01.039
This is my entry, is the yellow line.
00:20:01.359 --> 00:20:03.119
But wow, is plasma still green?
00:20:03.200 --> 00:20:03.759
Unbelievable.
00:20:03.839 --> 00:20:04.799
It's the only green coin.
00:20:05.279 --> 00:20:05.759
All right, cool.
00:20:05.839 --> 00:20:08.799
It looks like we're we're doing a little little bottom bounce.
00:20:09.119 --> 00:20:10.480
I have a theory, by the way, in the market, man.
00:20:11.039 --> 00:20:12.240
I want to look at something.
00:20:12.880 --> 00:20:14.079
Um let's see.
00:20:14.319 --> 00:20:17.200
Highest paying dividend stocks.
00:20:17.599 --> 00:20:21.200
Number one, LX 55.5% yield.
00:20:21.359 --> 00:20:22.720
It's red on the daily.
00:20:22.799 --> 00:20:24.640
Let's see what the high time frame looks like, though.
00:20:24.880 --> 00:20:26.880
I just want to see the highest ones are dog shit.
00:20:27.119 --> 00:20:27.440
Huh.
00:20:27.759 --> 00:20:29.039
How would you search this then?
00:20:29.200 --> 00:20:30.160
They pay a lot for a reason.
00:20:30.799 --> 00:20:31.359
Green 2%.
00:20:31.680 --> 00:20:34.160
No, this is not working as I thought it was gonna work.
00:20:34.559 --> 00:20:35.279
Actually, how about this?
00:20:35.359 --> 00:20:40.079
How about like um highest dividend NASDAQ stocks?
00:20:40.400 --> 00:20:43.680
Or actually, highest dividend uh SP stocks, maybe.
00:20:43.759 --> 00:20:44.319
How about that?
00:20:44.480 --> 00:20:45.759
Yes, let's try this.
00:20:45.920 --> 00:20:47.519
Let me uh switch it up a little bit.
00:20:47.759 --> 00:20:48.240
Maybe not.
00:20:48.319 --> 00:20:51.680
Uh United oh, UPS really GIS.
00:20:52.240 --> 00:20:52.960
No, damn.
00:20:53.039 --> 00:20:54.880
What the fuck is keeping the market up?
00:20:55.519 --> 00:20:57.200
How is SP at all time high?
00:20:57.519 --> 00:20:58.319
That looks pretty good.
00:20:58.799 --> 00:21:00.880
Tobacco, tobacco, tobacco.
00:21:01.039 --> 00:21:02.880
Is everything tobacco up?
00:21:03.119 --> 00:21:07.359
Billet Morris fucking is everything tobacco is just like gigagreen.
00:21:07.680 --> 00:21:09.359
What about uh Budweiser?
00:21:09.680 --> 00:21:10.240
Alcohol?
00:21:10.400 --> 00:21:12.799
No, craft Heinz, no, yeah.
00:21:12.880 --> 00:21:15.680
Okay, this isn't I I thought it was gonna look a little bit different right now.
00:21:15.920 --> 00:21:18.079
Pfizer pays a six percent yield.
00:21:18.319 --> 00:21:19.599
There was a based tweet.
00:21:19.759 --> 00:21:20.720
Wait, let me see this real quick.
00:21:20.880 --> 00:21:21.839
Base 16Z.
00:21:22.000 --> 00:21:24.480
Who's trash cigarettes, alcohol?
00:21:24.720 --> 00:21:29.519
Biggest public alcohol companies, biggest US public alcohol companies.
00:21:29.680 --> 00:21:31.359
Um, STZ is one.
00:21:31.759 --> 00:21:33.759
No, that's not really happening.
00:21:34.000 --> 00:21:34.640
Never mind.
00:21:34.799 --> 00:21:37.359
I thought we had some uh degeneracy trend happening.
00:21:37.599 --> 00:21:38.400
Doesn't seem that we do.
00:21:38.640 --> 00:21:40.400
Utilities, what about utility companies?
00:21:40.559 --> 00:21:43.279
Uh biggest US public utility companies.
00:21:44.480 --> 00:21:45.359
Looks decent.
00:21:45.759 --> 00:21:47.200
Southern company SO.
00:21:47.440 --> 00:21:48.880
No, looks decent.
00:21:49.200 --> 00:21:50.480
C E G Energy.
00:21:50.640 --> 00:21:53.279
No, okay, no, no crazy trend for you at all.
00:21:53.519 --> 00:21:55.279
All right, Bitcoin number the baby bounce.
00:21:55.359 --> 00:21:56.160
Thank God.
00:21:56.480 --> 00:21:59.759
Thank god 80,511.
00:22:00.240 --> 00:22:01.440
00 on Zach.
00:22:01.599 --> 00:22:02.799
Did we bought him for a little bit?
00:22:02.960 --> 00:22:04.000
Dram is only down six.
00:22:04.079 --> 00:22:05.519
Soxel bounces a little bit.
00:22:05.680 --> 00:22:09.200
Microsoft 536.
00:22:09.599 --> 00:22:11.759
Okay, I look up dividend yield ETFs.
00:22:11.920 --> 00:22:12.720
Okay, let's see.
00:22:12.880 --> 00:22:14.880
Dividend yield ETF.
00:22:15.119 --> 00:22:16.160
Schwab U.S.
00:22:16.240 --> 00:22:17.440
dividend equity ETF.
00:22:17.519 --> 00:22:18.160
What does it have?
00:22:18.319 --> 00:22:21.920
100-based companies based on dividend history cash flow return equity and financial strength.
00:22:22.000 --> 00:22:22.799
It's five minutes.
00:22:22.880 --> 00:22:23.440
Oh my god.
00:22:23.599 --> 00:22:24.000
Whoa.
00:22:24.160 --> 00:22:24.720
What is this?
00:22:24.880 --> 00:22:26.559
Dividend Schwab U.S.
00:22:26.640 --> 00:22:27.759
dividend ETF.
00:22:28.000 --> 00:22:29.359
Vanguard dividend ETF.
00:22:29.519 --> 00:22:30.319
VYM.
00:22:30.559 --> 00:22:33.039
This is what I was fucking looking for, dude.
00:22:33.200 --> 00:22:33.839
Thank you.
00:22:34.079 --> 00:22:35.440
Vanguard high dividend.
00:22:35.519 --> 00:22:36.799
It's like a leverage version.
00:22:37.039 --> 00:22:38.160
Bro, yeah.
00:22:38.400 --> 00:22:39.599
What does this hold?
00:22:39.839 --> 00:22:40.640
CHD.
00:22:40.720 --> 00:22:41.279
What does it hold?
00:22:41.440 --> 00:22:43.119
It's be talked about a lot on the tube.
00:22:43.279 --> 00:22:52.880
Texas Instruments, Proctor and Gamble, Chevron Coke, Conico Phillips, Ballcom, United Health, Health Cares, Consumer Staples, Energy, Industrials, Financials.
00:22:53.279 --> 00:22:54.079
Interesting.
00:22:54.319 --> 00:22:56.319
And do you get paid out dividends?
00:22:56.480 --> 00:22:56.960
Yes.
00:22:57.119 --> 00:22:58.240
It does pay dividends.
00:22:58.400 --> 00:22:59.920
Approximately 3.1 to 2%.
00:23:00.319 --> 00:23:01.759
Is this annually or quarterly?
00:23:01.839 --> 00:23:03.039
It's gotta be annually, right?
00:23:03.279 --> 00:23:03.839
Annual.
00:23:04.000 --> 00:23:13.440
Okay, now here's my question Is that why would I buy CHD for 3.1% when I could just buy the fucking 30 year?
00:23:13.680 --> 00:23:14.720
Sounds terrible.
00:23:14.880 --> 00:23:16.000
What's the point of it?
00:23:16.160 --> 00:23:19.759
Well, the stocks go up too, but but then I would just buy growth stocks.
00:23:19.920 --> 00:23:20.559
Explain that.
00:23:20.799 --> 00:23:23.359
What I would just buy fucking shit that actually goes up.
00:23:23.599 --> 00:23:25.759
Because it it also goes down theoretically.
00:23:25.920 --> 00:23:27.200
I mean 3% is nuts.
00:23:27.279 --> 00:23:28.160
What am I doing with 3%?
00:23:28.400 --> 00:23:30.160
This is you're gonna not pace inflation.
00:23:30.319 --> 00:23:30.640
3%.
00:23:31.200 --> 00:23:33.440
That's a terrible that's like a terrible pitch.
00:23:33.680 --> 00:23:34.640
SCHD.
00:23:34.720 --> 00:23:35.599
I I hate that.
00:23:35.839 --> 00:23:39.200
Might as well hold fucking USDR on Robinhood or whatever.
00:23:39.359 --> 00:23:43.920
It's up like during a generational equities bull market, it's up like 25%.
00:23:44.480 --> 00:23:45.680
Wait, wait, wait, wait, wait, wait.
00:23:45.839 --> 00:23:46.720
It's not even up enough.
00:23:46.880 --> 00:23:48.000
It's up less than the 30.
00:23:48.480 --> 00:23:52.640
It's up less than the 30 year would have gotten me this year in a generational equities bull market.
00:23:52.880 --> 00:23:54.799
Am I am I am I wrong?
00:23:55.119 --> 00:23:55.920
25%?
00:23:56.559 --> 00:23:57.680
Ah I can't do math.
00:23:57.759 --> 00:23:58.480
I can't do math.
00:23:58.640 --> 00:23:59.440
I can't do math.
00:23:59.599 --> 00:24:00.240
Wait, wait, wait.
00:24:00.319 --> 00:24:01.279
Hold on, hold on, hold on.
00:24:01.519 --> 00:24:02.079
I don't get it.
00:24:02.160 --> 00:24:02.559
I don't get it.
00:24:02.640 --> 00:24:03.440
Why do I buy this?
00:24:03.519 --> 00:24:05.200
I'm just gonna buy the fucking 30 year.
00:24:05.279 --> 00:24:05.839
I don't get it.
00:24:05.920 --> 00:24:06.559
I don't get it.
00:24:06.799 --> 00:24:07.759
Dude, it's war.
00:24:08.000 --> 00:24:08.640
It's war.
00:24:08.799 --> 00:24:10.000
Oh my god, it's war.
00:24:10.160 --> 00:24:11.839
Oh, they can't even defend 80, dude.
00:24:11.920 --> 00:24:13.119
They can't defend 80.
00:24:13.359 --> 00:24:14.640
Oh my god.
00:24:16.160 --> 00:24:17.359
We're losing.
00:24:19.440 --> 00:24:21.440
Someone started unlocking new sounds.
00:24:21.519 --> 00:24:23.200
I've never heard these sounds before.
00:24:23.440 --> 00:24:24.480
Oh lord.
00:24:24.720 --> 00:24:26.960
And nothing hurts anymore.
00:24:27.119 --> 00:24:29.200
I feel kinda free.
00:24:29.920 --> 00:24:33.119
We still the kids we used to be.
00:24:34.000 --> 00:24:40.160
I put my hand on the stove to see if I still bleed.
00:24:40.799 --> 00:24:42.880
And nothing hurts anymore.
00:24:43.039 --> 00:24:44.079
I'm free.
00:24:44.319 --> 00:24:46.480
I'm free falling.
00:24:46.960 --> 00:24:47.920
Alright, we're good.
00:24:48.079 --> 00:24:48.880
Back on baby.
00:24:49.039 --> 00:24:49.279
Thank you.
00:24:49.440 --> 00:24:50.799
Okay, I do have one stock for you.
00:24:50.960 --> 00:24:52.079
Um, Bumble.
00:24:52.480 --> 00:24:56.160
Bumble is being delisted soon.
00:24:56.720 --> 00:24:59.359
And they were recently acquired.
00:24:59.599 --> 00:25:09.839
So company Ithaca Holdings announced that they have recently announced an agreement to acquire Bumble over the past six months with like a hundred companies asking which business would become more valuable as AI advances.
00:25:10.000 --> 00:25:11.119
Bumble stood out.
00:25:11.200 --> 00:25:16.960
As intelligence becomes more abundant, we believe connecting with the right person and forming meaningful relationships will become even more precious.
00:25:17.200 --> 00:25:21.359
Frontier Technology can help more people find and build those relationships.
00:25:21.599 --> 00:25:25.599
It's down 91% from their peak market cap.
00:25:26.079 --> 00:25:31.359
They've reported seven consecutive quarters of paying user declines.
00:25:31.519 --> 00:25:35.519
And I think it's a horrific post-AI business for two reasons.
00:25:35.759 --> 00:25:42.640
Number one is I think if we're not already there, you are not going to be able to trust somebody you met on the internet as a potential girlfriend.
00:25:42.720 --> 00:25:43.039
No way.
00:25:43.119 --> 00:25:50.880
It's going to be an I cash, pool bar, pool hall, billiards bar, arcade, 1980s, drive-in.
00:25:51.599 --> 00:25:55.599
I walk around with a hundreds and a money clip type of dating world, first of all.
00:25:55.759 --> 00:25:56.079
Okay.
00:25:56.240 --> 00:25:57.920
That's just like at a baseline.
00:25:58.000 --> 00:25:59.839
Let's just accept that that's happening.
00:26:00.079 --> 00:26:00.400
Okay.
00:26:00.880 --> 00:26:09.200
And number two is nobody wants us to admit this or speak about this publicly, but every dating app has lost to Instagram.
00:26:09.519 --> 00:26:10.160
Obviously.
00:26:10.319 --> 00:26:12.960
Like straight up lost to Instagram.
00:26:13.200 --> 00:26:14.000
Nothing.
00:26:14.400 --> 00:26:17.680
Like, what am I doing on Tinder in 2026?
00:26:18.319 --> 00:26:21.920
Instagram is the ultimate social proof, social graph.
00:26:22.160 --> 00:26:25.920
If you are on if I'm I don't want to find you on Tinder, okay?
00:26:27.039 --> 00:26:28.480
I don't want to find you on Tinder.
00:26:28.880 --> 00:26:31.359
No interest in doing that at all.
00:26:32.559 --> 00:26:37.759
Instagram has unequivocally killed every dating app by million miles.
00:26:37.920 --> 00:26:39.680
Nothing, nothing even comes close.
00:26:40.400 --> 00:26:43.519
And by the way, if you're this is this is the Kanye take, I think.
00:26:43.680 --> 00:26:45.920
Razmer take, Razmer from Kanye.
00:26:46.240 --> 00:26:47.920
Everyone's losing their goals to Instagram.
00:26:48.480 --> 00:26:49.359
This is a whole nother one.
00:26:49.440 --> 00:26:52.559
We could maybe spend more time on this on a on a different stream.
00:26:52.720 --> 00:26:58.000
But uh if your girlfriend is active on IG, she's a little bit single.
00:26:58.240 --> 00:27:02.880
I hate to be that guy, but they got her in a chokehold straight up.
00:27:03.039 --> 00:27:04.319
Instagram has got her.
00:27:04.640 --> 00:27:06.720
IG got it she's going.
00:27:06.880 --> 00:27:07.119
Okay?
00:27:07.440 --> 00:27:20.240
She's going because here's the thing pre-Instagram, if you got a girlfriend, the ability for a guy like Kyle Saska to swipe up and tell yo, I'm up 25 today, almost zero.
00:27:20.480 --> 00:27:20.720
Okay.
00:27:21.119 --> 00:27:22.960
It would only happen IRL.
00:27:23.279 --> 00:27:27.119
He approaches people are watching, it's in public, it's not happening.
00:27:27.359 --> 00:27:32.480
On IG, you're competing on IG, you're competing with like English football players.
00:27:32.640 --> 00:27:35.039
You're competing with like the your girlfriend.
00:27:35.200 --> 00:27:39.680
Tell me how how my girlfriend lives in New York City and I'm competing with like Erland Holland in Norway.
00:27:39.839 --> 00:27:41.039
Tell me how that works.
00:27:41.200 --> 00:27:43.759
And then how we're supposed to be in like a healthy relationship.
00:27:43.920 --> 00:27:45.359
Like, how does that work?
00:27:45.519 --> 00:27:49.920
It's like, how am I supposed to date in the city when I know she could be talking to Landry Shaman?
00:27:50.400 --> 00:27:51.359
It's like, what?
00:27:51.599 --> 00:27:53.359
It's it's ridiculous.
00:27:53.680 --> 00:28:03.119
And the problem with it really is you try to convince her, you know, a great man, a rich man, a classic man once said, if your girl really loved you, she would delete Instagram.
00:28:03.359 --> 00:28:06.160
But the problem is, like, I gotta even give her some credit.
00:28:06.400 --> 00:28:09.759
Instagram just is the canonical social graph of society.
00:28:09.920 --> 00:28:17.359
And so it's like, if if I make my girl delete Instagram, and then some guy approaches, there's a reasonable chance he's getting her phone number.
00:28:17.519 --> 00:28:21.680
Now he now he looks up his phone number on on the global palantir database.
00:28:21.839 --> 00:28:25.519
He knows her address, he knows my license plate, he knows what I drive.
00:28:25.759 --> 00:28:29.839
She, you're getting she's only getting it, giving out her Instagram, she's giving out her phone number.
00:28:29.920 --> 00:28:33.920
And so Instagram has a got your woman in a chokehold, and there's nothing you could fucking do about it.
00:28:34.000 --> 00:28:34.480
Straight up.
00:28:34.640 --> 00:28:36.079
There's nothing you could do about it.
00:28:36.160 --> 00:28:39.759
You can't stop it, you can't get in the way of it, you can't front run it.
00:28:40.079 --> 00:28:44.319
Landry Shaman can swipe up at any moment, and there's nothing you can do to stop it.
00:28:44.400 --> 00:28:46.559
And that's just the way that it is in 2026.
00:28:46.799 --> 00:28:56.960
And so, anyone that comes and tells you, it's like 47-year-old man who's been married for 20 years doesn't understand why the why dating app stocks are not trading well.
00:28:57.119 --> 00:28:58.960
It's like they don't get it.
00:28:59.119 --> 00:29:01.680
And so you're not finding her on Bumble ever.
00:29:02.000 --> 00:29:12.319
You're finding her on Instagram, and you're gonna be single forever because you'll be dating, but she's gonna be on there looking at like what new car David Dobrik just bought.
00:29:12.400 --> 00:29:17.119
It's like what it's like imagine being an ancient ruler and you know, a thousand years ago.
00:29:17.200 --> 00:29:23.039
Your wife would never know what car, like Genghis, you know, what horse Genghis Khan just like spawned.
00:29:23.119 --> 00:29:23.920
We'd never know.
00:29:24.160 --> 00:29:26.240
But now she has to know it's like the white stallion.
00:29:26.319 --> 00:29:29.359
Like it's it's just ridiculous that you have to deal with this, really.
00:29:29.680 --> 00:29:31.599
So, anyways, fuck Bumble.
00:29:31.759 --> 00:29:33.519
So I love you, I appreciate you.
00:29:33.759 --> 00:29:36.000
I will see you in a couple hours.
00:29:36.079 --> 00:29:36.880
Have a good one.
00:29:37.039 --> 00:29:37.440
I love you.
00:29:37.519 --> 00:29:38.000
Good luck out there.
00:29:38.079 --> 00:29:38.559
We're gonna be fine.
