Stock market today: Dow tumbles 800 points with Nasdaq, S&P 500 hammered as investors pare rate cut bets

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• AI-driven startups are building businesses that differ widely from the highly successful but now outdated software as a service (SaaS) business model

  80% confidence

• We are in a rational bubble with three key elements: not all foundational AI model companies will succeed yet all attract investment, diffusion into workplace isn't being discussed enough, and companies putting AI label on what they do to attract investment

  80% confidence

• Economic reports delayed by the closure will be permanently impaired and will likely never be released

  80% confidence

• While some investors will end up with losses, the aggregate value of what's being created in AI is significant, therefore the rationality part comes in

  80% confidence

• Sees a temporary bearish scenario for bitcoin if the price falls below $93,000

  80% confidence

• While it's an extremely close call, he believes inflation is a more urgent risk than the job market right now

  80% confidence

• This is the most important chapter ever from Musk and Tesla, the AI chapter, autonomous and robotics

  80% confidence

• 2035 is the .99 year when 99% of all bitcoin will have been mined

  80% confidence

• While she supported cutting interest rates at the last policy meeting, the bar for cutting rates further is relatively high and she sees holding rates at current levels for some time

  80% confidence

• Providing additional support to the economy through lower rates runs the risk of slowing or possibly even stalling inflation coming back down to the Fed's 2% target

  80% confidence

• Demand in the economy is resilient and while unemployment risks moving higher, she doesn't think the job market has deteriorated further since the summer

  80% confidence

• Robotics and Optimus is what investors should be playing for with Tesla

  80% confidence

• A Federal Reserve rate cut in December along with more dovishness from the central bank going into next year could be a positive catalyst for crypto

  80% confidence

• Without a clear and durable macro catalyst, bitcoin and the broader crypto market are likely to remain range-bound

  80% confidence

• We probably will never actually know for sure what the unemployment rate was in October

  80% confidence

• The Tesla play isn't about the electric cars the company is known for, but about CEO Elon Musk's pitch to build a robot army

  80% confidence

• We're in the digital gold rush

  80% confidence

• The household survey wasn't conducted in October, so October jobs report will include jobs data but not unemployment rate

  80% confidence

• Tesla market cap could reach $2-3 trillion, calling it best physical AI play besides Nvidia

  80% confidence

• Bitcoin will be a larger asset class than gold by the year 2035

  80% confidence