The Uber Debate, My Huge Crypto Mistake, Ferrari's New EV, Anthropic Signs The Pope, LLMs VS Reddit - Threadguy: May 26th, 2026

Back from the Memorial break with a pool hall hustle, the hobbymaxing thesis, and a confession on breaking the number one trading rule. Micron rips 20%, Ferrari unveils its Johnny Ive EV, a $5M Wemby rookie sells, and the Pope signs with Anthropic to publish his AI ethics letter.

Transcript

SPEAKER_01 0:03

What the fuck is good, man? Y'all miss me, man. Be honest, be honest. Don't lie. Y'all miss me? Yeah, yeah, yeah, yeah, yeah. Yep. Yep. Yep. Yep. Yep. I missed you. I missed you. I got a haircut. I think it's a little- I don't it looks too like normal, bro. It looks too fucking like I don't know. I I kind of hate it. I look like I look like Steve from Minecraft, bro. Jacked my shit. It's like, how can I have Tiffany Diamonds in and look like Steve from Minecraft? It's like, what it doesn't make sense. You know, you can't do both. You gotta pick one. But look, man, welcome back to the stream. I missed you all. We had Monday off. Uh well, sounds like any day is off. We had Monday we had no stream on Monday. There was no off. Okay. There's no off. But we had no stream yesterday. And I absolutely missed you guys. To be fair, not that much happened in the market yesterday. So that is what that is. So I don't know. Maybe, maybe, maybe next one we'll do on stream. Maybe next one we'll do on stream. But man, it feels good to be back. We got a lot to talk about. We have a lot to cover. We have a lot to get into. We got markets to fucking talk about today. And they're not great. Okay. I am. If I said what they were doing to me right now in the order books, I would get banned on Twitch. That was that. Markets were closed. Crypto was open. And we had a really eventful weekend. We had a alt season at one point for like, I don't know, 12 hours. We had alt season. And we had war ended. War is back on the menu. Alt season is off. We now have alt season in stocks. Okay. Micron is over 900. There is mayhem happening everywhere. We had Ferrari drop the car. A Victor Wembanyama card sold for $5 million. We had the Enhanced Games. We had Ferrari. We had Wemby. We had the Pope signed to Anthropic. We have Micron all-time highs. We have stocks all-time highs. We have a million things going on, a million things happening. Tomorrow we have Nick Carter come on stream and talk about quantum. Thursday, we have Ryan Watkins and Monk coming on to talk about hyperliquid and secrecy and how much they fucking crushed it. Friday will be solo. We're gonna have a big week. We have a lot to talk about. We have a lot to cover. I'm a little bit out of it, but I'll get back into it very quick. And on that note, this shit means something. My three months of a Knicks fan. This shit means something to me, man. I blood sweat and drew tears for this team, man. My three months of a Knicks fan. This means something to me, bro. This matters, dawg. This matters to me, man. This matters to me, man. Cat Daddy! We got Cat Daddy, man. So the Knicks are going to the finals. It's fucking incredible. You love to see it. Shout out to New York. I'm gonna try to go to a game. I can't really tell you which game, but all right, we have a real quick before we get into market close. I have a serious cultural topic I need to ask about because I need an opinion on this one's super vile on Reddit. Okay, the topic is do men commonly send Ubers to bring women on dates in Williamsburg? And it reads, I was talking to a woman, 27 female, for a few weeks, have been on two dates in Manhattan and FaceTimed a few times. I invited her to Williamsburg for a brunch date. She said yes and then asked how she'd get there and if I would send a car for her. I assumed this was a joke since she lives 15 to 20 minutes away. So I laughed and said I had full faith in her to make it to Brooklyn. She quickly called off the date and broke things off. Is this a common expectation of New York City dating? Okay. Honest question. Yes or no? I'm gonna give you my take. I need I need like consensus here to see if I am if I'm out of touch. Is it standard if you ask a girl on a date to send her a car to go on your date if you're in a position to do it? Because look, I'm gonna be honest. If she's canceling the date and ghosting me because I'm not sending a car, she's she's washed. She's not the one. Okay. But if I'm in a position to do it and I invited her on a date and she lives kind of far, I'm sending her a car every time. And if I drive, I would pick her up. First date, no. First date, no. But any date after the first one, I'm doing it every time. If I can. And what what do you mean by if I'm in a position to do it? Like if I can financially do it, which in this market, like, yeah, I can. I'm doing it. I'm doing it every time. I'm doing it every single time. So I was shocked that this thing went so viral. Second thing is over the weekend I didn't know what to do with myself, okay? Because I was really bored. I didn't have a stream and no plans on Friday, Saturday. And so I went to the pool hall. The last time I went to a pool hole, I was in Romania. And it was a movie, but I kind of suck at pool. At one time I was kind of decent, okay. I don't know if I was decent, but I wasn't bad. Like I could, I could like I could play a game, I could play a game, you know what I mean? I could, I could, I could run a game. And I haven't played, I haven't shot a rack a pool in like three years, two years maybe. And I didn't know what to do with myself, so I went to the pool hall. And bro, I'm just gonna say the pool hall is actually one of the coolest places on earth. It was so fucking cool. And I met this unk. Okay, I met like a very Serbian unk. So I'm trying to shoot by myself, right? So I'm sitting down, I'm shooting by myself, and I suck. I have headphones in, threw a little Zen in, bought a Diet Coke. It's like 6 p.m. on a Sunday night. I'm just like fucking around. I have earbuds in, I'm listening to like a I don't know what I'm listening to. I'm listening to like Michael Saylor, some podcast, diary of a CEO, and I'm just like shooting pool. This guy starts pressing me, this big Serbian dude starts pressing me. And he's like, I don't know, 50, 6'5, 250, 50 plus years old. He starts pressing me. He's like, come play me, come play me, come play me. I'm like, bro, I suck at pool. I'm just trying to shoot. He's like, so come come suck over here. I'm like, all right, fine. And so I pull up, bring my stick, close out my table. Yeah, come suck over here. He says, Yeah, yeah, yeah. That's what he said. Just like that. And he lean he lets me break, right? And so I break, weak ass break. I don't have that like thunder break. I don't have that thunder pop. And he takes over, it's his turn, and bro just starts running racks, like running racks, okay? Like I'm talking like won the first game of 10 ball, no misses. Wins the second game on two turns. Like, I'm not even gonna shit. It's not even fun. I'm trying to practice. I'm trying to like practice. And he's just running the table. And I'm like, bro, this is even fun. I ain't playing for money. Like, this is even and so he can tell I'm not having fun. And he starts talking to me. And he's like, Um, what do you do? He says to me in in like this heavy Serbian accent. And so I tell him, I run a media company. What kind of media company? Finance. Are you good? I'm like, Yeah, I'm decent. I I make some money. I'm all right. 685 Zcash. I'm like, yeah, I'm solid. And we talk about it for a couple minutes. He starts, you know, talking about how the market's a scam. And I ask him, I say, uh, what do you do? He puts the stick down, backs up, turns around, looks at me, dead in my soul, and says, You don't want to know. Like, what? What do you mean I don't want to know? What? Like the craziest horror farm of all time. Like, he like turned music on before you don't want to know. And I'm like, bro, what? And then I'm like, no, no, no, no, seriously. Like, what? What do you do? And he goes, I'm a boat mechanic. Like, bro, I'm just trying to shoot pool. What? And so then he asks me, he goes, You want a cigarette? And I said, No, I'm good. And I bro listen I had like a little, like a three milligram in, a little Zen in. He said, What the fuck? And I said, What? And he said, if you're gonna take nicotine, take nicotine. Take a cigarette. And he like hands me a cigarette. I'm like, no, no, no, no. It hurts. And he's like, it hurts what? And I'm like, bro, it hurts my lungs. And he goes, Life hurts. Throws me the cigarette back. I'm like, bro, what? What am I gonna do with this? And so he walks out to smoke a cigarette. I sit here and I wait for this guy. And bro, I'm telling you, I sit here for 20 minutes. And mind you, I just closed out my table because he wanted to play. He wrenches me in two games, tells me he's in, you know, waste management, makes fun of me for not so smoking a cigarette. He goes out, he comes back 20 minutes later, and he's like, come with me. Bro, what? Where where? And he's like, I'm gonna show you how to hustle. I'm like, all right. And so we he I walk with him, we go back to like the VIP section of this this pool hall, and we sit down, and he has like he has like the house stick, okay? And he we we pull up against this guy, this kid who's like, I don't know, 23, 24. He's got the glove on, he's got like a five thousand dollar stick, like, and we walk back into the back, and mind you, I just learned how how pool works like an hour ago. And so apparently it's it's best of five. And so they play the first game, he loses, and I'm like, you lost? And he goes, They play the second game, he loses. I'm like, damn, you lost again? He's like, like the most obvious way, you're not even trying to hide it. He's like, they play the third game, and by this point, I'm like, all right, Unk is just tripping. Like he's because before we left, he started telling me about how like America's gonna shut down the power grid and there's gonna be an anarchy, and like the only thing that's gonna matter is gold, and like I'm like, ah, you're starting to lose me. He'll like miss a shot and he'll look at me and be like, I'm like, Unk, I think you just missed. I think you just missed. And third game, I'm like, damn, you lost again. And then boom, one game. Three-one, boom, three, two, boom, three, three, boom, three, four, boom, five, three, rinse this fucking kid with the house cue. Just binked him, rinse this kid with a house cue, and we were off. And I'm gonna be honest, man, being good at pool is one of the coolest things I've ever seen in my entire life. We're in the era of hobby maxing, and if you're good at some IRL shit like that, I think you're just gonna win. And on that note, it is 1 p.m. PST. It is 4 p.m. EST. I went outside this weekend, I took a break, I came back, I was rich, I was poor, I'm now somewhere in between, and the market has officially closed. All right, market closed. We're gonna start with the SPX closing at 75.19.11. Made a new all-time high and is up 0.61% on the day. Um good candle. I don't know what to say. It's a good candle. I think everybody expects. I mean, at this point, it's just custom customary, customary to expect it to be green every day. It if it's almost like if we're not green, something is something is wrong. Um, the Russell's up half a percent, the Qs are up two percent. Socks, the semi-index is up six point two percent, bro. Look at look at the chart from March 31st lows at this point. It's just getting unbelievable. Look at this thing on IGV. The only thing that is equivalent to crypto right now is flat zero percent move on the day, down 0.1% on market close. Does anyone have SaaS exposure? It is just an abomination. Q's up two percent, the Russell's up half, the cosby is up almost three, and the Dow is down point to flirting with that 50k Pam Bondy level. Maybe gonna use it as support, which would be nice. Reddit, uh, Amit took a Reddit position that we're gonna talk about relatively soon. Bing to Cereba short, we'll get there. All right, cryptocurrency. This candle that Bitcoin put in today was one of the most disgusting candles I've ever seen. I mean, what it what it did here is like a hate crime. This what happened here? I don't I don't even know. It was looking up, it really was. It was looking up, and we're just back to the gulag on Bitcoin. I I uh it's gotten to the point where I have Bitcoin spot bitcoin that I never sell that I'm even like what I I'm I'm sitting here like, why isn't my spot Bitcoin in like 10-year bonds? That's how bad it's gotten. Hyperliquid looks unbelievable. Okay, it definitely got I think it got Bitcoin cucked a little bit, but I will say I was wrong about hyperliquid in a sense that the US market open slam was crazy. I I haven't seen that happen for a crypto token in a while. The US market open slam was wild, and I think we're not gonna be able to see ETF settlement until tomorrow or market close today on hype. But there clearly is some fucking rich hitters coming in and slamming this thing. Um, I have no hype exposure at the moment, but it felt like there was I mean it felt like God was topping it this morning, really. And it it it felt like God was topping it this morning. The one thing that is tough, and we're gonna have Ryan Watkins on uh on Thursday, is the valuations start to get a little bit weird. Like I don't if this is true and we're going with the hype FTV, um hyperliquoze out cleanly flipped Coinbase's market cap, Coin FTV 48.1 hype 58.3. It doesn't feel that cheap. And so it's a weird spot where partially you get, you know, maybe you get the crypto premium that once existed where things trade at crazy market caps, and maybe you don't, but higher than Coinbase is tough. I would obviously rather have it over hold it over Coinbase, but there is some hype tailwinds you gotta worry about on the regulatory side for sure. But regardless, this thing gives me hope in the industry I once loved. The industry I do love, but in the game I once loved. Second is Zcash, which I don't know what to do at this point. I am getting brutally attacked on this position, but thankfully I'm I'm comfortable. I would argue this this chart actually looks pretty good. I mean, I don't know. You could get this thing to like 500 and it still looks pretty good. It's like the nicest house in the most violent neighborhood in America, is what it is. It's the house on the corner. It's the most expensive house in the most violent neighborhood in the city, and it's stuck. I don't know, it's completely stuck. I don't know how you break that. Nothing changes for me. It's numbers on a screen. I had levels, there are lines on a chart, numbers on a screen. I had a plan. I'm gonna continue to stick to my plan, but I'm very willing to capitulate my plan in the near future here. Is the near chart, which I actually think looks really good. The biggest problem with Nier is I have no idea what it does. And I'm not sure if that benefits it or hurts it, but that is what happens with Nier. So, anyways, the only coins on my list hype, Zcash Nier, and VVV, which I think also looks very good. A little toppy, but very good. Monero, complete nothing burger. Um, 10 year and 30 year are both down a lot, which is nice. Good to see. Down, I mean, fuck off ATH 3.5% to where we currently stand. Metals Chads, where are you? Also, the two year metals chads, where are my medals chads? Um, silver 77 looks kind of interesting, not for me to trade. Gold 4,500 is uninspiring. And the one that I'm the most interested in is copper. Copper is the only one I'm interested in. If it can somehow, I drew this line a while ago. If it can somehow break back above previous ATH on the third tap attempt, I think it's pretty strong. Anyways, ETH looks horrible. Gotta admit, Solana somehow looks worse than ETH. And what do we got? Stretch. Why even bother? Thread guy. 700 Bitcoin, that's not gonna do it. Um, VIX is up 2.5%. Um, Souls, which is the Ansom Shill, is nice, is up 3% today. And then Uranium ETF is also up four percent today. All right, if you're in crypto, brace yourself. If you are in stocks, get excited. We're gonna look at the semis AI trade. Let's go. Number one, uh, Micron, which is a one trillion dollar stock, is up 20 percentage points today. And the reason it is up 20 percentage points to me today is so fucking ridiculous. It's actually comical. I I honestly I say it in a good way because I love this shit. From what I understand, other than the fact that stocks are just up, semi uh micron is up 20% because has raised their price target to 1625 dollars. Unbelievable that this is possible. 200 billion dollars roughly in market cap added because a bank came out and said they think micron is gonna go higher. The M and Micron stands for memory and the U stands for up only really hard and aggressively in a straight line. So, first yellow line is Air Mass, who, if you remember correctly, came out of a six-month hiatus. His first tweet back was calling Paul Tudor Jones a retard for being bearish on stocks. His second tweet back was flooring meta to full port micron at all-time high and up a hundred percent in like a couple months. Since the time of that tweet, the great air mass in three weeks and some change is up 75%. Okay, and now look, I'm gonna say one more time I have not traded stocks very well. I haven't lost money, but I everybody else is seemingly getting rich, and I'm not. I think a big reason of it, no excuses, is that we were just cuckold in the crypto cuck chair in the corner. But the guests that we've had on have nailed some shit. Okay, they've nailed some shit. The bubble boys, the air masses, they've nailed some shit. And this is one of the yeah, this is one of the better tweets of all time. 73% in three weeks. Now, second yellow line is thread guy publicly enters with a little. Now, that should be 34% times four X leverage would put you at like 136%. But the problem is on Friday I broke my number one rule. Chat, what is the number one rule? The number one rule is always fade war in the US. I sold the semi to hold the altcoin. I can hear God like you fucking idiot screaming at me. But look, it is what it is. Um I have no micron position at this moment, but this thing's up 20%, and it's absolutely beautiful to see. AMD 7.8%. Um, Sand disk as well, following the micron pump is up 7.5%. Nokia up 6.4%. Marvell up 6% and had an it was ripping when I woke up in the morning. Um, bot at a nice day today, up six percent after starting uh pretty ugly on the day. Rocket Lab in space is just a fucking monster. Up another four or five point four percent. Firm is up another 4.9 and is now in a week up 47.5 percent since Contra, who I shouted out day one, shouted him out in this candle right here. Came out uh came out and announced his his entry on his calls. Um, QCom is up 4.5, Intel up three, and is now confidently above that Trump level. Um, uh Tesla up 1.7, Civ up 1.5, Google up 1.4, Oracle up half, meta is an interesting one. Um, because there is some upside to be had here, but everybody just hates meta 30% off ATH. There's a big pump there if they get it. Biggest losers, Cerebris making new lows once again down six percent, Adobe down two, Netflix down one, Microsoft just cannot sustain anything. Salesforce down half, Amazon down 0.4, NVIDIA down 0.2, Apple Flat, Bloom Energy Lat. We should add a couple. We did Rocket Lab, let's add ASTS. I think space is the only thing outperforming uh semis right now. But moving on to our consumer SaaS, I don't even know what these lists are anymore. They're a little bit of a mess. We have Texas Instruments is up five. Um, cat is up three, so five is up two point three after the CEO just got off of midstream. Um Reddit, which is getting a lot of coverage over the recent days here, is up 2.1 percent. IBKR up two, Jack Dorsey block 1.6, hood up one, snap up 0.5, GME down 0.2, sweet green down five, sweet green down five point three percent, which would now leave it up 36.5 percent since Chris Camillo talked about it on stream. I'm gonna be honest, guys. I started to pay attention. I drove by a sweet green today, yesterday, and I looked outside just to see, and there was 30 people eating outside sweet green, and every one of them had a bowl. I hate to be the guy to tell you that. I'm just telling you that everyone had a bowl, all of them. No wraps. I didn't see a single burrito, I didn't see any wraps, I just saw a bunch of bowls. Ferrari race on the announcement of their new Johnny Ive electric vehicle, which I'm just gonna say it. I love it. I love it. That would be our first topic after War on Oil. I love it, I love it. It's on five and a half percent on the unveiling of their new card. DraftKings is down five, Roblox is down four, take two interactive, which could be a very interesting trade, is down three percent today. Is anyone in this? GTA, I believe November 19th is GTA 6 is coming out. Um, also added to the list that we're gonna talk about on stream here. Um, enhanced games, Peter Thiel, steroid Olympics is down 43% today. I think uh, I mean it's small, it's worth $370 million. It's worth it's like damn, it's tiny, it's worth nothing. This is in a weird spot. Circle's down eight, disgusting, and Coinbase is down three. Oil crude closed the day at 92.13. I guess we could look at this. And Brent closed at 96. All right, altcoins, real quick. I'll tell you what. They started longing the flow hope, the flow horse coin and world coin. All of a sudden, they just took every alt out back and just shot them. Um, daily gainer is Say, which is unbelievable. Galaxy, which is a good company, Taunt is up 3%, Jito is up three, XPL is up two, pump fund is up one, Tao is flat, Ave is flat, and then everything else is red. Biggest losers are are lighter, is down 15, Grass is down 13. Zcash is down 10. Oh my god, my net worth today is bad. Uh Monad5, near five, fart coin five. It is pretty ugly across the board. Um, let's check in on SpaceX on hype is not doing much. It's on $14 million, 24 hour volume, and has 45 of open interest, which is interesting. It's just a lot of perps. No one's buying this thing spot, obviously. I guess what else is only, I don't know, anthropic. Should we look at that? After the blessing of the Pope, crazy. That's two done 200k of volume, you know, 24 hours. It's it's ununtable. 7 mil of OI, untradable. Dare we check in on on-chain? All right, let's see. Asteroid, damn. You might not believe me, but this doesn't make me happy. I'm not like happy to see this. You might not believe me, but I don't this doesn't make me happy. Um, this is a tough like chart pattern here, huh? 79 million dollars. This is entry. I don't think this is entry. Doesn't make me happy, but it's it's it is what it is. Useless is up, is crazy. I almost took a position in this the other day before the Answit, but there's something wrong with this coin. There's actually something cursed with this coin, this cards thing. I don't know what's wrong with the coin, but something's wrong with it. Troll, crushed, unchains, and in a weird spot. Quick update on the war, and then let's we're gonna get into the fun stuff. Ferrari, Wemby card for five mil, stocks, crypto, hyper liquid, everything. So it was feeling like there was going to be strikes this weekend, right? We had all this like members of the US military intelligence community canceled their plans for Memorial Day weekend in anticipation of possible strikes. It was feeling like war was going to happen, escalation from the US or Israel striking Iran. I made a deal with the devil, broke my number one rule, and took war seriously, um, which never ages well. I sold the semi-stock, the memory stock, and I held the altcoin, which is just a disastrous as it uh I got what I deserved on that front. It was followed by the enriched uranium nuclear dust will either be immediately turned over to the US to be brought home and destroyed, or preferably in conjunction and coordination with the Islamic Republic of Iran, destroyed in place at another acceptable location with the Atomic Energy Commission or its equivalent being witness to this process and event. Thank you for your attention to this matter, President DJ T. So I don't know exactly what order we were in where this happened, but all I know is Saturday I was hanging out with some people, not on my phone, and I was connected to I was trying to focus on this conversation, and I was connected to the speaker in my house. I was playing music, and it just kept pausing. Phone call, kept pausing, phone call, kept pausing, phone call. I'm like, bro, what is happening? So I answer the phone and it's Rasmer, and he's like, How are you not trading right now? And I hang up and I'm like, Fuck, dude, did we just strike Iran? Like, am I getting nuked? Maybe not the best word for that. And I open my phone and Zcash is at like 670, and I'm just like, in my glory, bro. Um, and so I call him back and he's like, How are you not trading? And I hit him with some aura farm. I'm like, because I'm already positioned, hang up the phone, go back to my conversation, and I had a great weekend, but obviously that has been derailed a little bit. There's so there's this weird discussion, which is like, okay, every time the market teases or pretends or pushes or acts like we're gonna get a permanent peace deal, we rip everything candles, and so there's two ways to look at it, which is like number one, you could look at it like the day the actual deal is announced, which is gonna happen, we are gonna just send for days green candles, all risk management out the window. We're gonna send for days. The other way to look at it is that once they sign a permanent peace deal with Iran and there's no longer a carrot to dangle over the market, you can't pump fake peace over and over and over and over and over again. And it may give us a lack of a catalyst for the market to go up. It's an interesting way to think about it. Now, the counter to the counter is say we get permanent peace. Um, what's good, do you need okay? It's we have priced in permanent peace, 81% for December, 70% for July, 55% for June 30, 40, 50 again for June 15th, which is pretty good. 40 for June 9th or June 7th, which is pretty good. Uh catalyst here, which this is a little bit out of my scope, and I always say I hate macro, so take it with a grain of salt, but you have rate hikes now priced in. And so you send war permanently, you send oil packing, you cliff it. CPI comes down significantly because we could assume that's the reason CPI has been up. Rate hikes get priced out, and then we can start talking about a cut as well. Again, I'm pretty macro schmacro, all the shit is retarded. If anyone tries to convince you to care about macro, tell them to go fuck themselves. But it's a catalyst, an interesting catalyst, and one that maybe happens nonetheless. So I think the only take worth noting is this pretty good one from the short bear, which is that China has played some role in negotiating or forcing Iran to just like shut the fuck up and make a deal with the US. Clearly, since the summit with G in China, this has happened. All right, let's do it, Ferrari. They just announced their electric vehicle right here. Um I'll tell you what I think. You tell me what you think. You guys go first. Out of 10, be honest. What do you think of the car? Be honest, be honest, be honest. Out of 10. What do you think? You guys are so cap. Everyone here is so fucking cap, bro. Okay. For 700k, bro. The numbers don't even mean anything anymore. It's like, what's what's the floor Ferrari? It's like you're not driving a Ferrari, anyways. This is what I think so funny. Everyone's like, for 600,000, bro. It's not for you. You you it's not for you. What do you mean, 600? The person that's buying this car for 600,000, it's it's like a it's like a leapier toy. There's no it the number doesn't even mean anything, okay? It the guy who's buying it for 600,000, it doesn't even matter. It means nothing. There's no, it doesn't even mean anything. There's a couple things I would have done differently. I think it's fucking sick. Okay, I think this thing is fucking sick. And I I I generally don't like electric vehicles because I just think they look bad. Also, if I'm gonna spend 600 bandos on a car, I want the thing to fucking purr. Okay, I want this thing to fucking roar for 600 bands, but I'm just gonna say driving behind this thing, look at that, bro. Look at that. That is an unbelievable car. And I'm just gonna say it right now. This is gonna be one of these things. You this is how this is how announcements work. Okay, this is going to be one of those announcements, one of those reveals. It happens in sneakers every year. It's it happens in cars, it happens everywhere that it drops. Nobody knows what to think. So the first five people are like, oh, it looks like shit. Then everybody's like, oh, it looks like shit. And then in two months, you're gonna be in in in on Beverly Drive, on Rodeo Drive in Beverly Hills, and you're gonna see somebody roll down the street in one of these, and you are going to drop your jaw on the fucking floor. Former chairsperson of Ferrari, they interviewed him right after, and he says, If I said what I really think, I'd harm Ferrari. We're risking the destruction of a myth. I'm very sorry about that. I hope they at least remove the prancing horse from that car. Whoa, that is crazy. Take the logo off is nuts. Okay, so I like this. Thank you. The theory is this is the car Johnny wanted to design. Johnny Ive wanted to design for Apple. Apple didn't want to ship it, so he made it for Ferrari. The car with an Apple logo on it, priced at 100k, would sell extremely well. I mean, this thing is unbelievable. Seriously, if this was an Apple car, it's unbelievable. Ferrari stock race, it's a 78 billion dollar company on the announcement. This is why trading is so awesome because you can trade culture culture, is down 7.57% at the bottom tick after they unveiled this car. You couldn't really trade it, it's not on hyperliquid, there was nowhere to go 24-7, but it candled Ferrari down. Look at this, make it 30% wider than everybody would love it. Look at this. Look at this thing, bro. Oh, it's so mean. Look at that thing. I mean, this thing looks like a fucking machine, bro. Everyone here that said they don't want it is lying. There, I I'll tell you what. I have a I have a clear goal in the market, okay? I want to make 10 mil liquid in the 10 mil liquid markets trading my own book. When I hit it, and when I hit it, I'm gonna daily this fucking thing. This is my daily. This is gonna be my fucking daily, bro. Um Musk disgust SpaceX Tesla merger with colleagues. Stop. It's it's gonna happen, I think, dude. Wow. You gotta get away from Tesla shorts. I think I know it's my least favorite stock, but that this is our this is our uh like the worst edge case ever. All right, let's see. Um, SpaceX and Tesla merger chatter reignizes Musk pushes rocket company towards NASDAQ. As Elon prepares to leave SpaceX to the public markets, is growing chatter that his ultimate goal is to combine the company with Tesla. Musk has discussed with his colleagues the possibility of folding the companies together. People familiar with the talks told CNBC. Tesla and SpaceX already share engineers and collaborate and solving issues tied to power and compute constraints. I always wonder who makes this announcement, like who leaks this? Who tells, like, what do you mean? Um, people familiar with the talks told CNBC. Like, who does this? Who it's it's important, right? Like, they just want to uh announce this. I guess we'll see what happens. Moving on, real quick side story is on the topic of everything ripping everywhere except for crypto. There was a sale yesterday of Victor Wemanyama, one of one rookie, sold for five point eleven million dollars. The reason this is significant is it's not the biggest sports card sale of all time. It actually isn't even that close, but it's one of the biggest ones in a while. Because where Pokemon has been so pumping and outperforming, sports haven't really gotten that like gotcha gambling pump that has been seen in Pokemon, and it's been kind of dead, really. There hasn't been the price appreciation in sports that there is in Pokemon. Nine's non-side card, yes, but it's a one of one. Like the signature, it's funny, the signature doesn't really add that much value, but a lot of the best cards happen to be signed, if that makes sense. I pulled this. Let me see. Let me see. Pikachu can't tell us ACL. I hate that shit, but yeah. Um, so this was published on April 1st, 2025, and it's the most expensive basketball cards of all time. Okay. Um, and what you'll notice when you look at this is Steph sells in July 21 for 6 mil. July 21. Um, a LeBron sells in April 21 for 5 mil. A Lucas sells in February 21 for 4.6. A Jordan sells in October 21 for 2.7. A Giannis sells in October or September 2020 for 1.8. Kobe rookie in March 21 for 1.8. LeBron 2005, March 21 for 1.2. Um, Giannis, this is probably not worth anywhere near this, but December 2020 for 1.1. Kobe Logo Man, October 21 for 1. Um, Larry, Dr. J, Magic Johnson, scoring leader, August 21 for 800k. And so the thing that you notice is every single one of these fucking sellers is in 2021, bro. All the people that got rich on Topshot and NFTs and crypto in 2020, a lot of them rotated out. A lot of them bought sports cards instead of Pokemon cards, and there was this crazy blow-off bull market, but it's been dead since then. Like it's been completely dead since then. And boom, you just got a pop of Wemby five million dollars into sports cards, which is kind of encouraging, I would say. I don't know what that means for your uh your cryptocurrencies and whatnot. Um, it's critically important that the CFT states include authority over prediction markets is maintained and that they will thrive. Under my leadership, we are setting rules of the road that are the gold standard for the states. We cannot have scum like Chris Christie, Tim Walls, JB, da da da da setting the rules. Other countries are after this new form of financial market and they want and we want to remain at the top. Likewise, and even more importantly, where we are currently, the crypto, bitcoin, etc. capital of the world, other countries are trying to diligently are trying diligently to replace us in that capacity, but we won't let it happen. It is a major industry, and we must protect it, must protect it. Mike Sillig, CFTC, CFTC chairman and respected by all is doing a great job. Thank you, Mike. President Donald J. Trump. So I let's see, I bet you that pumped the Bitcoin price. Oh man, anyways, in uh in other news, we do have some stocks to talk about, and there is some action happening in the market today. Let's get through it. Number one, let's go over some individual names. One, um, Reddit. So Amit investing, who I gotta admit, I gotta admit, Amit has a lot of motion in Trout Fi. He really does. Guy's got a lot of motion. He's also been posing hyper liquid a lot. Has come out and entered a position in Reddit and Shopify. So Reddit has been a name that's always been on a watch list. First real deep dive I did was at 230, and I stayed away because of valuation. I think valuation concerns are more than resolved given the company has continued to grow and the stock has continued to go down. Shopify has a more expensive valuation, but I do not think the street is accurately pricing in their role in agentic commerce. Everything I've ever learned about agentic commerce was against my will. And it's really quite laughable how aggressively the street is ignoring the quarter they just put they just put up. Both are absolutely massive compounders with accelerating growth that are down 40% either date because they aren't semiconductors. Hoping they fall another 20% to add more. Sold puts on shop one month out for $90 and Reddit at $130. Entry price on Reddit is $142.57 and on shop $103.85. Okay, obviously, we have to add this right to our list. Um Reddit. They make money on advertising mostly. How do they make money in selling data? Um, let's add this to our chart. Shop, let's add this. Let's add a mid-entry at 103.85. Um, I also love that both businesses are still run by their founders, looking to actually hold these names over the coming years. So dips are likely. And if the SAS sell off a broader rotation out of anything semis gets worse, then I would gladly welcome better prices. I'm just gonna say it, Reddit's a porn site. Reddit's a porn site, and also I think LLMs are one of the first things to kill. You could say that same about X. What? Uh what do you mean you absolutely could? I mean, if you think X is a porn site, you gotta just like get your shit together, man. Reddit is a porn website. Also, I'm gonna give a take. I think that Reddit gets hurt by LLMs the most out of every social media platform. Okay, this is just a total vibe. My theory about it is the only time I use Reddit is when I have like a very weird question. Okay, like I don't use it to like go viral or use it because I enjoy reading posts on Reddit, I use it when I have like a weird question. It's the best for very personal, weird niche topics, and that is exactly what LLMs are the best at, in my opinion. That's what I use ChatGPT for the most, okay? I use it for help me under I use Chat GPT the most for two things. Number one is help me understand blank, like help me understand this tweet, this update, this announcement, this article, this read, help me understand blank, and then help me like this weird niche thing I just did make it make sense, or like this weird thing I just did, da da da da. And so then you can say like 40% of chat GPT sources are from Reddit, but in theory, doesn't that crush the flywheel if you're no longer getting like okay, GPT is maybe buying data from Reddit, but then Reddit gets crushed on the advertising side because people use use Chat GPT or Claw instead of Reddit. And so I don't know. I don't know, maybe I'm wrong because our revenue is going up, but I feel like cultural impact of Reddit doesn't grow from here, but maybe I'm wrong. Um, it's an interesting one. Well, look, we added it to the added to the list. You know, I got I was offered SPV into uh into into OnlyFans. I said no way, said no fucking way. I want to touch on that. Okay, this came out as well. Talk about a fucking mega church trade. Do you know who this is? I don't want to mispronounce his name, but Zhang Ling, named Lenovo's brand ambassador, stocked up 45% in five days. Do you know who this is? Yeah, we are full circle China Maxing again. Look at this thing, bro. I'm not gonna lie, he's fresh as fuck. He announced a partnership with Lenovo and the market's right. The market's never wrong. I mean, this is crazy, this is unbelievable. I mean, this is insane. This is a $200 billion company, bro. You could very clearly see on the chart where he became a brand ambassador of this thing and ripped it like 40% give or take. But yeah, man, the market's so awesome. Ferrari drops a car, it sucks, loses like $10 billion of market cap. Lenovo announces a brand ambassadorship with a hot singer from China, adds 40% market cap on $200 billion, and we're worried about fucking DCF models and like free cash flow of Reddit. Next is all right, the enhanced games happened. Okay, the enhanced games, and there also was a trade on this. Now, I this was a tough, this was a weird one. It's down 81% and it's on 44% intraday. So here's my take on the enhanced games, stock a stock price aside, is I think the idea is really cool, but they have a problem, okay? Problem is everybody wants to see juiced athletes compete on steroids and on illegal PEDs. The problem is they want to see LeBron and DK Metcalf and Justin Jefferson on juice, they don't want to see like Jeff from accounting on juice, who's like 44 and had a pretty good college freestyle time. That is the actually the problem. I didn't really think about this until we saw it. Like, you want to see the best of the best on steroids to see how much better they can get. You don't want to see like some random math PhD who was pretty good in college on steroids. And so the problem was they have a bunch of mid-athletes that like nobody knows about, nobody cares about, and the times don't really mean anything. Like, if some random knocks a couple tenths of a second off of his freestyle because he's on juice, it's like I'm gonna come here to watch Tulip King swim, you know what I'm saying? And so it's they're in this like weird middle ground where it's impossible to get the best athletes of the best sports because they make too much money. Okay, but I think you could theoretically pay more for some like niche sports. Like, I think you could you could pay more for track and field, you could pay more for like swimming, you could pay more for maybe UFC and boxing, maybe, maybe, maybe, maybe wrestling, you definitely could. Like, there's a scenario in which you just win the sports that don't pay very much, and that would be interesting. Like, if the best swimmers in the world become enhanced games and they just start it's like bodybuilding, they just like make it like bodybuilding, right? Like they just say fuck it, this is the way it is now. If you're a swimmer, you're on you're on juice and you compete in the enhanced games because they can pay more. There's like a scenario in which that happens, and that is a really cool outcome, I think. That's a really cool outcome because the only thing like we really got out of the enhanced games is this picture. That's it, is this picture? It's just like a good picture, but like that's it. That's all we got is this guy. And by the way, this guy looks fucking nuts. Like, what is that? I mean, he don't even look real. They gotta get him out of that suit. It doesn't look right. I mean, that is like a fucking give that brother a bench press. Um, all right, there's a couple more uh stock names in here though that are interesting. Okay, number one, American Airlines partners with SpaceX to install Starlink Wi-Fi on 500 plus Airbus planes, which by the way, this I cannot believe this has taken so long for this to happen. God bless Starlink because now every I don't know, I would imagine every single airline has no choice but to do this now because this actually worked. How does this pump the stock? It's crazy to me. 7.2% in a day. Crazy. I don't know what it would take for me to get into an air into an airline stock, to be honest. Two other things that happened. Number one is Pope Leo has officially been signed by anthropic. Pope Leo basically put out a letter discussing AI future, its morals, its ethics, how he views it, what its place is in the world. And there's a couple like interesting notes here that I wrote down, okay. Um, so he chose the name Pope Leo the 14th after Pope Leo the Thirteenth, who was the Pope during the Industrial Revolution, which is a crazy parallel. And so there's obviously tie-in between being the Pope during the Industrial Revolution versus being the Pope during the like AI era. It's also noteworthy he's an American Pope. As we know, AI is led in America, and so maybe his ability to be caught up on new tech is part of the reason why he was given the supermax by America and elected as Pope. And so he published an AI letter, and we were looking into this, and these letters are important when published by the Pope, and they're basically as high ranking as possibly be without the church defining official dogma, like church laws. And so the Pope is basically saying here's my thoughts on AI as high level as possible, or as seriously as possible, without committing to a specific specific church law. Um So in the letter and sort of like in partnership with Enthropic, he there's a bunch of things that he says. Some of the highlights we haven't written down is like one, um, general stance, AI is a tool, it is neither good or bad, good or evil, AI doesn't have a soul. Two, if you make AI, you're responsible for it. So if your AI does evil, you do evil. If you align an AI that convinces somebody to like commit a crime, you are responsible for AI's actions that led to committing said crime. Um, AI for war and evil is banned, it's wrong. Training AI on your employees, then firing them is evil. So meta, I guess, and what they're doing right now, which is like forcing your employees to use AI, taking all the data, training it, making it really good, and then firing them is evil. Um, we should continue something AI and why it does the things that it does. And AI power should not be concentrated in the hands of a few labs, which is I don't know, yeah, wishful thinking. At best, that's wishful thinking. And so Thropic was invited to the summit, and the reason that they like Anthropic is that Anthropic has done the most work on understanding why AIs do what they do. And so, based off of what I've read or what we've covered in this article, like the Pope isn't specifically endorsing Anthropic, but they're saying this is the best example, and Anthropic has the deepest understanding of I guess how these LLMs work or why they respond the way that they respond and why they do what they do, which is yeah, is that true? Allegedly, this is true. What did Dario have to do to get there? I don't really know. How much political power does the Pope have as well? I also don't know, but um there's a billion people in the world are Catholic, is that true? Yeah, 1.4 billion. Pope's a big fucking deal. Does he have like lawful lawful power though? I don't know.

SPEAKER_00 45:51

Especially I'd like to thank Mr. Ola for accepting our invitation. In turn, in the name of the church, I accept your invitation to walk together, to listen and to speak. It's pretty together to find the way for humanity in this time of artificial intelligence. What a great sign of hope it is that with our differences we can listen to one another. This interchange clearly bespeaks the gravity of the moment, as well as confidence that together we can discern the major questions of our time and so the future of humanity.

SPEAKER_01 46:27

I love y'all. I appreciate y'all. Thank you for pulling up. Thank you for supporting. Thank you for showing out on live every day at 3 40 p.m. EST. If you're watching on YouTube and you're watching on Twitter, I recommend you join the Twitch every day of the fucking week. I love you. I appreciate you. I will catch you when I catch you all see you when I say you have every rest of the motherfuckers. Peace.