Today, a look at the very strong day for US equity markets yesterday as the S&P 500 vaulted to a strong new all-time high amidst broad gains across sectors, with tech stocks roaring higher but the Nasdaq 100 not yet reaching a new peak. We look at the SpaceX earnings announcement and market reaction, including the announcement of a new Nvidia-chip based Starmind concept that is intended as the platform for the eventual SpaceX space-based AI data centers. Elsewhere, a look at the latest action in Macro and FX, especially whether the gold and silver surge yesterday suggests greater potential from here. Today's pod was hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Links

SpaceX's new Starmind AI1 concept - a compact data center unit based on the next generation Nvidia Vera Rubin chips that will start in earth-based data centers, but is intended for SpaceX's eventual space-based data centers.
The legendary Barry Eichengreen on "The real message in the JPY intervention".

About twice per week (in normal times, hopefully soon to resume), you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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SpaceX's Starmind to start on terra firma. Gold rally a signal?

Saxo Market Call

SpaceX's Starmind to start on terra firma. Gold rally a signal?