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We are in a โstealthโ bear market.
For the first time in history, nearly 60% of the S&P 500โs components are in a bear market, while the index trades 3% away from a record high.
We think this is a historic opportunity.
@TKL_Adam joins @cvpayne on Fox Business to discuss our view.
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๐บ๐ธ SpaceX is getting ready to attempt something absolutely INSANE: REFUELING TWO STARSHIPS IN ORBIT.
The company is targeting the first half of 2027, potentially as early as FEBRUARY, for its first orbital docking and refueling demonstration.
Two massive spacecraft will have to meet in space, dock, and transfer super-cold rocket propellant between them.
This is one of the BIGGEST technological hurdles standing between humanity and a return to the Moon, with enormous implications for future missions to Mars.
If SpaceX pulls this off, it could fundamentally change how humanity travels through space.
Writer: Sol
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Palmer Luckey: โThe U.S. and China will be like their own universesโฆ and everybody else will be renting pieces of them.โ ๐บ๐ธ๐จ๐ณ
โThe U.S. and China will be in different worldsโฆ almost like their own universesโฆ and everybody else will be renting pieces of them. I think thatโs pretty likely.
There are a lot of people who look at a working-class American whoโs against taxation and regulation and say, โWhy is he voting against his own self-interest?โ
But a lot of them understand something that the supposed elites do not: that regulatory climate, the one that allows for massive American dominance in technology, manufacturing, and productivity, is what makes America what it is.
There are Americans who fundamentally understand that allowing innovation to happen is good for them. They understand that rockets going into space will make their lives better, even if itโs not directly.
There are hungry people who would rather see a billion dollars go toward that than a food stamp program that would put extra food in their pantry.
I donโt think you see that much in other countries.โ
Weโre not far off from reaching a global oligopolistic type universe โฆ where the two dominant powers control all essential outputs and everyone else is essentially renting space. Nations, countries, continents, all moving away from meaningful productivity growth, and becoming far too reliant on outdated economic metrics. Aggregate growth should be dependent on real output and not solely on fiscal spending and labor participation rates. We live in a world of slowing birth rates.
Agreed
Palmer Luckey warns Europe will have a much tougher time adapting to the AI and automation revolution: โI think the European Union is going to have a really tough time.โ ๐บ๐ธ๐ช๐บ
โI think the European Union is going to have a really tough time. Itโs hard to imagine an economy so dominated by international politics and labor politics allowing automation to transform its manufacturing economy.
The United States is one of the few countries with the talent, the people, the political will, and the acceptance at a societal level that something like this is good.
There are a lot of people in America who like Star Trek. A lot of people buy into the idea of technology and abundance.
The same cannot be said of any European nation.โ
On the current trajectory, the European Union is in for an abrupt awakening. The recent pivot to increasing labor participation via immigration, instead of deregulation and technological innovation in order to push output and productivity higher is directly against something like automation. Itโs this false prophecy of economic growth, that importing masses to participate in a slowing economy does not equate to producing meaningful output. Theyโre in desperate need of a directional pivot towards productivity and technological gains.
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Replying to @MarioNawfal
Once fuel is fixed, overall it s actually pretty reasonable.
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A retired NASA engineer who had worked on the Space Shuttle program for 25 years was hired by SpaceX at age 62. He described the first week as the most disorienting experience of his professional life.
At NASA, a design change required 3 meetings, 2 committees, a review board, and 6 to 18 months of documentation. At SpaceX, his new supervisor said "if it works, build it. If it doesn't, change it by Friday."
He sat at his desk after the first day and called his wife. He told her he felt like a man who had been swimming with ankle weights for 25 years and someone just cut them off. He could move. He could decide. He could build something in the morning and test it in the afternoon. The constraint that he had accepted as the nature of aerospace engineering turned out to be the nature of bureaucracy.
Within 6 months he had contributed to more design iterations than he had completed in his last 5 years at NASA. Not because he was working harder. Because the time between having an idea and testing the idea collapsed from months to hours. The same brain. The same knowledge. A different operating system.
He described a specific moment where he proposed a modification to a Raptor engine component. At NASA, the proposal would have entered a queue. At SpaceX, the modification was machined by the end of the day and tested by the following morning. He watched his idea become a physical object in 18 hours. At NASA, 18 hours would not have been enough to schedule the first meeting to discuss whether to schedule a meeting.
He told an interviewer: "I didn't get smarter when I went to SpaceX. I got faster. The intelligence was always there. The system was in the way."
The difference between SpaceX and NASA is not talent. NASA has extraordinary talent. The difference is the time between a thought and a test. SpaceX compresses it. NASA elongates it. The same engineer produces 10x more at SpaceX than at NASA because the bottleneck was never the engineer. It was the meetings about the meetings about the work.
Weโre releasing a broad range of new mathematical results produced by an internal frontier model.
Weโve been consulting with the independent Advisory Group on Mathematics and Artificial Intelligence at the Institute for Advanced Study, and we have drawn on their advice and public recommendations to inform how we release these results.
github.com/openai/math
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BREAKING: Oil just dropped below $88, hitting its lowest level in 1 month.
๐ฅ๐ฅ๐ฅ๐ฅ๐ง๐ท
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BREAKING:
๐บ๐ธ US ISM Manufacturing PMI came in at 54.5, while the expectation was 54.8.
Economy is still in expansion phase.
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ISM US Manufacturing Activity: 54.5
9 straight months of expansionโฆ
2026 looking very different than 2022-2025.
Donald in da house
NEWS U.S. manufacturing activity surging as PCE inflation drops below forecasts to 2.6%, core PCE falls to 3.0%, July revised downward across the board. Midwest manufacturing activity accelerated more than expected this month, jumping back into expansion territory to 58.8.
Final 2Q GDP unexpectedly revised higher to 2.2%, Atlanta Fed GDPNow forecasts 5% U.S. growth for 3Q. The overall economy posting its fastest private-sector expansion in more than five years.
Manufacturing PMI: 57.0, up sharply from 53.9 in August. That is the strongest manufacturing reading since 2022. Services PMI: 58.7, up from 56.5 in August โ the strongest services expansion in almost five years.
S&P Global says employment also increased at the fastest pace in more than four years, as businesses responded to stronger demand.
#news #BREAKING @x @ap @Reuters @FoxBusiness @EveningEdit @FoxNews @CBSNews @ABC @WSJ
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Today, Carnegie Mellon University and Ken Griffin, founder and CEO of Citadel and founder of Griffin Catalyst, announced a historic $3 billion gift to elevate Carnegie Mellon in Pittsburgh and launch Carnegie Mellon University Miami. #CMUMiami
Learn more: cmu.edu/news/stories/archiveโฆ
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In addition to nominal GDP being revised higher, inflation was revised lower; those revisions combined for a 0.7 percentage point jump in real (inflation-adjusted) GDP in Q2:
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BREAKING: The U.S. economy grew at a solid 2.2% pace from April through June as consumer spending and business investment came in strong. apnews.com/article/economic-โฆ
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U.S. CORE PCE FALLS BELOW EVERY ANALYST FORECAST
August core PCE came in at 3.0% YoY vs. 3.3% expected, below the entire range of 51 Bloomberg analyst forecasts (3.1%โ3.5%).
The surprise was driven primarily by larger-than-expected downward revisions to previous months, rather than August alone.
Monthly core inflation was also marginally softer at 0.247% vs. 0.27% expected.
































