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26.12.25 - 15:30
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S&P Futures Trade At Record High As Precious Metal Surge Accelerates (ZeroHedge)
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S&P Futures Trade At Record High As Precious Metal Surge Accelerates
US equity futures are little changed in thin trading with most traders away from the screens, while the bulk of overnight actions was once again in gold and silver as precious metals soared to a new record high driven by feverish Chinese demand. As of 8:15am, S&P futures were flat after closing Wednesday's session at a new record high, while Nasdaq 100 futs were fractionally in the green. Asian markets were mostly higher while European bourses are closed. The dollar was unchanged as were treasuries, with the benchmark 10-year yield at 4.13%. There is no macro on today's calendar.
In premarket trading, Mah 7 stocks were mixed (Nvidia +0.7%, Tesla +0.2%, Alphabet +0.1%, Apple little changed, Amazon -0.1%, Meta Platforms -0.1%, Microsoft -0.2%).
Miners including Coeur (CDE) and Freeport (FCX) are higher as gold, silver and platinum jumped to all-time highs and copper surged to a record in Shanghai and rallied in New York.
B...
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26.12.25 - 15:00
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AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025 (The Guardian)
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Elon Musk's net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gainsA stock market boom in artificial intelligence companies has added more than half a trillion dollars to the wealth of America's tech barons in the past year, data shows.The top 10 US founders and bosses of some of the world's largest technology companies saw their finances swell to nearly $2.5tn, up from $1.9tn, in the year to Christmas Eve, according to figures from Bloomberg. Continue reading......
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26.12.25 - 13:33
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Man Vs AI: A Year-End Poetry Slam (ZeroHedge)
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Man Vs AI: A Year-End Poetry Slam
As Deutsche Bank's Adrian Cox writes in his year-end DB Research Institute report, generative AI has come a long way in the past three years. But how well does it compare against a 20-watt organic brain in the classic sellside research exercise of a humorous end-of-year poem?
Cox put it to the test: he wrote a year-end poem, then got ChatGPT, running OpenAI's new GPT 5.2 large language model, to write one of its own. Cox then got a second - unbiased judge - Google's Gemini 2.5, to compare them in a blind test, decide which was which, and declare a winner.
The answer are after the poems... see if you agree.
AI in 2025: Poem 1
The year of 2025
Saw AI in deployment
Some bubble dread and one “code red”
But not much unemployment
First Stargate launched a race for space
Worth half a trillion dollars
For data centers costing more
Than man-to-moon Apollo
Then China's DeepSeek drove a wave
That rippled ever deeper:
Why use a branded model
When open source is ch...
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