JLP retweeted
The S&P 500 fell 0.3% today, but the equal-weight RSP gained 1.2%.
Alphabet fell 13% on AI spend, while Amazon and Intel slid after hours.
That 1.5% gap proves the selloff was concentrated in mega-caps, not the broader market.
Which concerns you more: Big Tech concentration or inflation?
JLP retweeted
Today on a long drive I worked through a four-part series on the life and martyrdom of William Tyndale. The more I listened, the heavier it got.
Tyndale was hunted, exiled, and betrayed for the “crime” of translating the Bible into English so ordinary people could read it. He was eventually strangled and burned at the stake in 1536. His dying prayer was, “Lord, open the King of England’s eyes.” He never lived to see the English Bible widely available. Yet his work shaped the language of the King James Bible and countless translations that followed.
A few hours later we pulled into a Pilot station. I’ve seen the Bible racks in those stores a hundred times, but after hearing what Tyndale endured, it stopped me cold. There, in a truck stop in America, sat copies of the Word of God that anyone could buy for a few dollars. No stake. No exile. No threat of death. Just a shelf by the coffee and the donuts.
We are still living off the blood and courage of that man. The same Book he died to give us is so common in our culture that it can sit unnoticed next to the jerky and the sunglasses. That should not go unnoticed.
Do not treat lightly what others paid for with their lives. Open it. Read it. Obey it. And do not let the ease of access breed indifference. The English Bible is not an accident of history. It is the fruit of a martyr’s obedience. Honor it.
JLP retweeted
Anthropic
2025 revenue: $4.6 billion
2025 net loss: -$42 billion
IPO valuation: $2 trillion
JLP retweeted
Margin Debt
While many market participants are attempting to "buy the dip," perhaps the better action should be on "selling the rip."
This is arguably the most overvalued market in U.S. history across all standard valuation metrics—excluding Forward P/E ratios, which serve as an inadequate measurement in this context. Furthermore, the market is currently experiencing record levels of leverage. When margin calls inevitably commence, the subsequent deleveraging process will be significant, catching many unprepared. Please note that this analysis is not intended to incite anxiety, but rather to provide a necessary opportunity for prudent preparation for the volatility ahead.
Source: VettaFi, Advisors Perspective
JLP retweeted
THE POWER OF THE MARGINAL BUYER!
Passive funds (Vanguard, BlackRock, State Street) now own a huge chunk of almost every stock.
That means way less stock is actually available to trade.
So the price gets set by whoever is actively buying or selling at the margin - usually short-term hedge fund pods or retail traders piling in.
Long-term holders basically don’t matter for the price today.
One bad earnings report and the stock can drop 20-25% overnight because the float is thin and the people trading it are leveraged or emotional.
That’s why markets feel so violent now. The marginal buyer/seller has way more power than ever!
You the RETAIL BUYER have more power than ever - USE IT!
JLP retweeted
Why is the overall market so fixated on $CRWV's imminent demise?
At the peak of the Dot Com bubble, $CSCO - the largest company in the world, and the $NVDA equivalent of the era - generated about 10% of its revenue from circular deals through vendor-financed startups.
When those startups lost access to capital, $CSCO's revenue growth went from +66% to -30% within a few quarters, and the stock lost 80% of its value. The same story played out across the dot com supply chain, sending the Nasdaq down 80%.
Today, $CRWV alone makes up roughly 8% of
$NVDA GPU sales. Losing that demand is enough to nuke $NVDA's growth story all by itself.
Oh, and $CRWV isn't an isolated example - every major neocloud is hemmoraghing cash and borrowing costs are going UP across the board.
If you lose the neoclouds, you lose the incremental growth driver for marginal data center capacity, and the AI capex trade goes up in smoke.
That's why we're seeing carnage across the entire AI supply chain, from $CAT and $GEV to $MU, $AVGO and more recently $NVDA.
This is what the beginning of the end of a debt-fueled, circular-financed capex bubble looks like.
JLP retweeted
I watched Charlie Kirk get murdered.
So no, I won’t be voting for a Democrat.
And no, I’m not sitting out the midterms.
JLP retweeted
BREAKING: Nearly half of the girls cross-country team in Camas, Washington, just forfeited their race. They refused to compete against a boy. This is bravery. Vote YES on I-638 to stand with them. Video: @KnownHeretic
JLP retweeted
If Ilhan Omar actually gets charged with immigration fraud, denaturalized and deported, it will energize the MAGA base like nothing else could.
This is what we voted for and we’ve waited long enough. Just do it!
JLP retweeted
Attention Young Men:
I am surrounded by 20 year old girls in my life that are smart, capable, hard working and cute. Nobody is dating them. Not sure what the deal is, but I don’t get it.
Step 1: Stop playing video games
Step 2: Head to great clips and get that lettuce cleaned up
Step 3: Hit a shower (when dating hygiene is critical)
Step 4: Go clean your car
Step 5: Sign up for a yoga class
Step 6: Go to the yoga class
Step 7: Ask a cute for her phone number at yoga class (yes you can meet girls IRL and not just on the apps - 10/10 the Dirt Dog highly recommends)
Step 8: Follow up within 2 days with a phone call and ask them out for this coming weekend Friday or Saturday night.
Step 9: IMPORTANT - come up with a good game plane for date night. Get a dinner reservation, get an activity planned. Let them know in advance what you are doing so they can dress appropriately. I know you are gunna roll off the couch and head to date night, but they are not. They are going to stress about what to wear and call at least 6 different people on FaceTime to ask their opinion.
Step 10: I highly recommend you bring flowers to the door step. I’m not covering that you go to the doorstep, because if you don’t do that you have no hope here. Women want men to date them. You don’t need to break the bank on flowers. Head to Trader Joe’s. Grab 2 different kinds of flowers. If you don’t know what matches find the closest looking lady to your mom at TJ’s and ask her. Wrap the 2 flowers into 1 bouquet with paper. Bonus Points you can cut open a TJ bag and use that as the paper.
Step 11: Be a gentleman on the date. She isn’t there to hear your life story. Ask her about her. For every 1 question you answer, ask her 3. Open Doors, pay for the meal, be polite.
Provided you follow most of this guideline you are highly likely to get yourself an opportunity for date number 2.
Keep going until you find someone that you can’t imagine not being around all the time. That’s when you have found a good one for you.
My life is complete with my wife as my companion. I wish you the same fortune in life. Happy Hunting.
JLP retweeted
You see some sad stories delivering food . I delivered a chicken and dumplings from Dairy Queen to an 87 yr old widow at 10 pm last night. Her gas was off so her stove didn’t work . She was living a minimum existence alone . I talked to her for about 20 minutes I got her name and address and my daughter got a church this morning to get out to help her out. She wasn’t complaining she just didn’t know what to do.
