not so much
market vibes
August 27…)
“I was just able barely to mount a horse and ride about a little in the spring of 1866, my life was threatened daily, and I was forced to go heavily armed. The whole country was then full of militia, robbing, plundering and killing.” Jesse James
No algo-sensitive economic data releases today. The DOE reports on the US petroleum industry at 10:30
In the news
Canada, Argentina, Saudi Arabia, China, and Algeria all have huge shale oil and gas resources.
Trump said in a Cabinet meeting Tuesday that META is planning to spend $50 billion on its data center in Louisiana: “What the hell kind of plant is that?” he said, holding up a graphic (posted above). It shows the data center superimposed over Manhattan, to demonstrate scale. “When you look at this, you understand why it’s $50 billion,” he said. Ahem… $3 trillion is the sum estimated to date.
AI data center expansion in the US is forecast to last 2 to 3 years according to Constellation research.
Defining the outer reaches of onomatopoeia: capital punishment is the rule of law in the capitol … fair warning.
in the markets, just hourly charts this morning
Gold is a bit lower after rejecting a test of $3450 again in Asia. If I hadn’t seen this rotation above and below the POC so many times, I would be hanging on, but I’m flat again. The power of the POC is too strong, and there are no dominant gold narratives. You can always get back in.
Oil is up next, then stocks with 1 day vix on the 7 handle, bitcoin in the sale bin, and silver under pressure as usual …by the usual suspects, plus the vote to cut and some visionary perspective in the vibe…
