Tomorrow's open — watch these 3 things to see how capital reprices risk.
1. CME launching $UNI & $BCH futures Oct 19. More hedge tools ≠ more buy pressure. Watch Week 1 OI and basis — don't front-run narratives off the first candle.
2. Nasdaq-100 down ~5.5% last week. Monday: watch US futures open, but more importantly — watch if there's actual follow-through bid after the bell.
3. 10Y Treasury yield pulled back to ~5.1%, yet AI stocks didn't bounce. My read: market's now asking the real question — how long before levered capex on compute actually prints cash?
Cost of capital is gravity. Cash flow is conviction. NFA.
1. CME launching $UNI & $BCH futures Oct 19. More hedge tools ≠ more buy pressure. Watch Week 1 OI and basis — don't front-run narratives off the first candle.
2. Nasdaq-100 down ~5.5% last week. Monday: watch US futures open, but more importantly — watch if there's actual follow-through bid after the bell.
3. 10Y Treasury yield pulled back to ~5.1%, yet AI stocks didn't bounce. My read: market's now asking the real question — how long before levered capex on compute actually prints cash?
Cost of capital is gravity. Cash flow is conviction. NFA.