Alphabet 20260724

The Not So Coincidental World of Google and WTI Crude Oil

Energy and Commodities in a World Where Legacy and Infrastructure Collide

Google (Alphabet) finished yesterday’s trading near $ 317.69, as of this moment WTI Crude Oil is around $88.50. It might seem rather odd to pair the two into the same paragraph, but this is not a coincidence. Both are now relevant regarding energy costs for consumers and produce an abundance of legacy products the world over. And oddly enough their one year charts almost look as if they are dancing in step.

Google is facing headwinds in recent trading as questions surround its capability to produce revenues because of its push into Artificial Intelligence and always growing need for more data center power. AI which has been an abundant source of bullishness in the Nasdaq 100 and had a knock-on effect into the S&P 500 the past couple of years has become shadowed by concerns of turning into a commodity. 

Alphabet (Google) One Year Chart as of 24 July 2026

As competition in the AI sector increases this is creating pressure on prices in order to allure customers away from competing brands. China is also stepping into the world of Artificial Intelligence and it will certainly use its ability to produce less expensive products moving forward. Profit margins are being fought over by competing companies

Google is not a poor company, but there are growing doubts about its debt and revenue ratios. The costs to power its worldwide data ability for its users and its investment into AI via Gemini and its DeepMind technology does not have a particularly easy solution. Estimates from a variety of sources claim that Google has reduced its staff between 1,500 to 3,000 through employee reductions and reorganization, this as the company needs to pile more cash into infrastructure.

The onslaught of other companies able to produce AI which is seen as more robust and capable have also caused a marketing headache for Google, which has an effect on behavioral sentiment. GOOGL was trading at apex levels only two months ago when it was traversing above the $400.00 mark. The downturn thus far has been bad, but not catastrophic. 

WTI Crude Oil One Year Chart as of 24 July 2026

While nervous sentiment can be blamed on the situation in the Middle East the past handful of months, the downturn which has occurred for Google and other important companies on the Nasdaq 100 involved or seen as having an ancillary association with AI needs to be considered a legitimate reaction because of worries surfacing regarding the ability to simply pay for all of the research and infrastructure. 

In order to power AI it is becoming clear that energy costs are part of investing frameworks. Concerns about an AI bubble started to gather an audience last fall and the rumblings have grown louder, yet it can be said the ability of Google and many other companies to gain the past year in value still outweighs this current downturn experienced the past couple of months.

The Iranian war which is ongoing, appears to be entering a phase in which financial institutions are having to succumb to the notion of higher prices not only for WTI Crude Oil but other energy resources with a mid-term viewpoint. While there is abundant supply of Crude Oil worldwide, the current problems surrounding navigation and logistics are causing pandemonium in a consistent manner via WTI’s price as Middle East nations try to ship to their clients. This is causing many Asian nations to look elsewhere for their energy, Brazil has seen an increase in orders. And because of the upwards trend in fuel costs again, the Federal Reserve will have to look hard at inflation data and play a game of interest rate mania, which investors will have to calculate into their outlooks regarding debt ratios.

What does this have to do with Google and AI?

People like nations will search for the easiest and most cost efficient pathway to access their needs. Anthropic, OpenAI, Kimi K3, Microsoft Copilot, DeepBlue Technology, Meta, Sakana AI, IBM, Nvidia are only some of the companies involved in sourcing software and providing hardware to users. Many nations are involved in this AI chase and understand the importance of cybersecurity, data sharing and the problems surrounding the costs to power all of these machines.

Many of these companies above including Google are searching for a holy grail via energy supply and discussing the financing and building of energy infrastructure including nuclear capabilities. But as Google and other companies search for more energy to fuel their dependence on powering their systems for clients, they continue to be confronted by a growing wave which will eventually drown some of the companies in debt that they will not be able to recover from.

I am not forecasting an apocalypse, but I am suggesting not all of these companies which we think of as part of our everyday lives will survive this fight. Legacy companies eventually parish, just like many start ups. The realization that many companies are merely providing what the public is starting to see as necessity is a simple competitive evolution. BlackBerry, Nokia and Motorola are examples of giants falling.

It appears many investors are starting to ask hard questions about costs compared to future earnings in AI. The allure of the next big thing, which AI has been part of the past couple of years, is running into well-practiced investment cycle as froth erodes and financial institutions start to look at the accounting of the companies they are being asked to consider as long-term endeavors. Not all that glitters is gold will certainly start to create a patina on many of the so-called AI companies as they are forced to prove their worth as suppliers of a commodity.

The AI world has run into the time honored financial realization that many exotic tastes soon turn into another form of vanilla. The next big thing is always being anticipated and hoping to attract the deep pockets of investors. Certainly many of the big companies including Google are going to survive the current headwinds. but real profits could become harder to attain. Investors and speculators should not be surprised that reality has a tendency to reduce momentum.  Entropy is part of the investment world, investors and speculators always have to be ready for new disruptions and systems to emerge.

Copy and paste the text from AMT that you want to share

SIngapore Dollar 20260717

Thoughts on the USD/SGD, Cautious Broad Market Sentiment and the Weekend

USD/SGD: Currently a Hope and Prayers Barometer in Global Forex

The USD/SGD is near the 1.29110 vicinity as of this writing. Financial institutions apparently have combined their cautious outlooks in the broad Forex market as USD centric strength continues to leak into sentiment, while their instincts technically demonstrate that over the mid-term currencies like the Singapore Dollar should be stronger and the USD/SGD is supposed to show some bearish activity.

For dramatic purposes let’s call this current phase of Forex trading including the USD/SGD as the hope and prayers act. The Singapore Dollar has sustained highs, but it has traversed lower over the past few weeks. On the 24th of June the USD/SGD was near the 1.29940 ratio. Let’s be clear, for small speculative Forex traders broad market wagering on USD direction remains dangerous.

USD/SGD Six Month Chart as of 17th July 2026

Fed Chairman Keven Warsh and His Desire to Introduce New Data

During the recent testimony of Fed Chairman Kevin Warsh in Washington D.C he made it clear he is keen on introducing AI tools into interpretations regarding Federal Reserve policy. However, he also said that AI will not be relied upon alone. From a coding perspective, Warsh essentially said proactive data will become part of the Fed’s thinking with proper supervision: some of you may want to call this a stack developer’s job.

At the same time while refusing to tip his cards regarding his stance on interest rates too much, Forex markets responded by selling the USD in incremental bouts. Intraday trading flared in its usual manner, but started show a core belief that Warsh is demonstrating dovish sentiment regarding interest rates.

USD/SGD as a Forex Barometer and Near-Term Behavioral Sentiment

The USD/SGD serves as a solid barometer of the Forex market. It offers perspectives on Asian sentiment, but also shows how global financial institutions are leaning. The escalation of firepower in the Middle East the past week and into today has caused reactions in the USD/SGD, but somewhat politely.

Having been able to trade below the 1.29000 mark on Tuesday and Thursday of this week, the currency pair is trading near values seen on the 8th of June and 18th. A lack of clarity remains a theme in Forex. The USD/SGD is the 10th biggest Forex pair via transactional averaged volume, so traders should give it attention even if they do not pursue.

Wall Street Remains Nervous and the Tense Weekend to Come

Going into this weekend Forex traders have created downside pressure on the EUR/USD and GBP/USD. The USD/JPY remains stubbornly above the 162.300 ratio. Nervous selling on the Nasdaq 100 via futures trading has been seen today and it looks as if Wall Street will be in for another bumpy ride. The wishful thinking drama in the financial markets is being confronted by the reality of a potentially loud weekend of military conflict between Iran and the U.S, and a seemingly unconvinced marketplace that doesn’t want to demonstrate risk appetite.

WTI Crude Oil prices via futures trading are above $80.00. Having been able to sustain values above the 1.29100 mark in the USD/SGD signals that bearish mid-term perspectives still need additional impetus to create more selling, but this doesn’t appear a wise speculative bet going into the weekend.

A cautious stance over the coming hours should be anticipated as folks wonder what the coming weekend will bring. At least there is the World Cup championship on Sunday (New York time) to take our minds off of concerns. However, Monday will not react to the trophy being raised, but to behavioral sentiment that will takes its cue via today’s finish on Wall Street and noise generated via the Strait of Hormuz this weekend.

Copy and paste the text from AMT that you want to share

Nvidia 20260630

Nvidia Suffering From the AI Cold Bothering Investors and Speculators

AI: Exuberance and Threats of Fatigue

Has Nvidia now been oversold? While the Nasdaq 100 produces a casino like experience for day traders and large players, the velocity of value changes in the index should serve as a simple reminder that before stepping into traffic a speculator needs to acknowledge the road. A large collision is taking place before our eyes and it will generate more noise over the coming months. 

Nvidia is a solid indicator of behavioral sentiment being influenced by a mix of optimism and fears by speculators and investors competing, and trying to define terrain as turmoil swirls and a battle for profits rage. Day traders need to remember a lot of hyperbole is amplified to get eyeballs on opinions, hoping that your attention is grabbed. (Please buy me a cup of coffee has become a begging mantra).

Nvidia One Year Chart as of 30th June 2026

Nvidia finished yesterday’s trading near $195.00, this after touching highs in May around the $238.00 vicinity. The fact that NVDA has lost a large chunk of its value indicates sentiment is not entirely rational. There is a vast difference between speculative hopes compared to long-term investing. 

Results in the stock markets do show symptoms of overbought conditions prevail, but over indulgent fears are taking hold as folks try to interpret every move in a haphazard manner and make correlations which often have no evidence. Nvidia is a solid company which will continue to produce product lines that will be needed long-term. Talk of Nvidia suffering from an AI cold is relevant because it has certainly lost value, but the patient is going to survive.

Others however may not. AI companies and their proclamations about being able to deliver substantial change for users has become tiresome. Supply of software is widespread. While there is demand for use, competitors are abundant and growing daily. Users can now question just how reliable and strong the products they are using are, and if promises meet the results wanted. Costs users are paying for services will also become more critical. If products don’t meet needs, other AI systems can be easily installed nowadays. 

Oversupply is Saturating the Marketplace

Because AI tools are widespread it means users will demand services get cheaper. At some point it is clear that consumers will gravitate to competitive pricing, because at the end of the day there is only a certain amount of time to verify all the products in the marketplace and understand what works best. Branding as always is important, but so is quality. Loyalty in the AI world is only a couple of years old and cannot be counted on, some early companies are already seen as legacies and allegiances will shift. 

Competitors and new ideas continue to be brought forth quickly. A lot of product is being rushed to the market that lacks proper Q&A and actually does not deliver what is promised. Proof of concept is fluid with Artificial Intelligence, along with many claims of superiority. A company can get a product into consumers hands first, but at some point value has to be delivered too.

Investors are growing wary from too many claims. Yes, a revolution has taken place, but a counter-revolution is certainly coming. A lot of AI products are simply poor. Day traders have seen chaotic results on the Nasdaq 100 over the past year. 

President Trump, tariffs, the war in Iran, Federal Reserve and interest rate uncertainty, fear of inflation (all headlines from only the past few weeks) and other complexities can be blamed for volatility as folks wager on values on the Nasdaq 100. However, the prime mover of the index has not only been investing by long-term players, it has come from speculation chasing momentum via the Artificial Intelligence boom. However, a genuine concern that a fear of missing out is turning into fatigue exists.

AI because of its abundance is going to eliminate competing systems which are seen as cumbersome and expensive. Chinese companies appear ready to confront American enterprises with cheaper products that consumers may not mind paying less for even if this means consumers are sharing intellectual property and data with unknown entities. 

Sakana AI from Japan has announced and shown the past couple of weeks that it has software, Sakana Fugu, that is comparable in a favorable manner to Anthropic and Claude services. Sakana testers claim their system is robust and offers a multi-integrated modeling system, meaning a user doesn’t have to toggle in and out of models to deliver efficient information. The data via Sakana’s system is brought together via coordinated agent forces for the user. What will this do to valuation of Anthropic moving forward?

There is also a South Korean company called Furiosa, which is not public yet, that stands in the shadows and makes outstanding AI infrastructure. Furiosa appears ready to become an important player in chips and software innovation. Nvidia is certainly keeping their eyes on Furiosa. Meta offered Furiosa 800 million USD and was rejected in March 2025. 

Investors and speculators should not discount the potential of an AI tech dump from global competitors into the U.S and elsewhere developing over the next year. Mobile phones became a rather boring commodity after their initial entry astonished first time users two decades ago, AI will undergo the same pathway.

Some AI companies will certainly struggle over the next few years, but other enterprises will succeed merrily and profit. There is a big difference between investing and speculating. Even mid-term forays into the stock markets remain only gambles if a person plans on cashing out profits when they have hit a price target, instead of long-term ambitions to own shares in a quality company. 

Nasdaq100 bubble talk which has recently reignited in a loud manner should be given attention but astutely. It is hard to argue that the value of the indices like the Nasdaq 100 and S&P 500 are not in over-inflated territory. Looking at historical p/e ratios seems to have gone out of fashion. Warren Buffet cannot be thrilled and his fundamental strategies should not be ignored. Speculative hype needs to be confronted by investment reality. Folks will continue talking themselves into stances that are comfortable, even if they make little sense. The markets will certainly survive and so will AI.

Copy and paste the text from AMT that you want to share

Gordons Bay Sunset 20260514

The Great Compression Part 1: The End of the Middlemen

Elevator Boys of GenAI

In the 1920s, every office building had an elevator boy. Although automated elevators already existed, people found the idea of riding in a driverless box dangling by steel cables terrifying, and delegated the role to a uniformed human they trusted, accepting the necessity to pay for the privilege. Over the years, people got used to elevator buttons, but the force of habit and the preference for human touch kept the profession flourishing for years.

The operators were so confident in their indispensability that they went one step too far: in 1945, a New York strike brought the city to a grinding halt, costing it hundreds of millions of dollars. That was the final straw, leading to a massive push to upgrade to automated systems. Within a short while, the job ceased to exist, entering the history books as the only major job category to be completely wiped out from the U.S. Census purely due to automation. The only one so far, that is.

Elevator boys were the cleanest definition of a middleman: someone who exists not because they create value, but because of information asymmetry or transaction friction. The history of modern commerce is largely a history of those “toll booth” trades, and of the technologies that remove them one by one.

Newspapers were once the only viable printed information channel, using their middleman position to bundle content with ads and classifieds, fattening their revenues. People accepted it because nothing else existed – but then the Internet broke their business model. Craigslist alone did more damage to newspaper economics than any editorial failure ever could; Twitter and Facebook finished the job. Today the newspaper is a diminished thing, sustained largely by institutional inertia and nostalgia.

Real estate agents had an informational moat – access to listings, knowledge of comparable sales, relationships with buyers – which was valuable in a world without Zillow. Once that information became freely available, their commission became very hard to justify. The agent survived by clinging to the execution layer, but that too is shrinking.

Here is where the story gets interesting. The companies that dismantled the old middlemen wasted no time building new ones. Uber eliminated the taxi dispatcher and the phone-in booking system, then inserted itself between driver and passenger for a fat slice of every fare. DoorDash did the same between restaurant and customer. Expedia aggregated what travel agents used to know and charged airlines and hotels for access to their own customers. These were genuine technological improvements, but the business model was identical to what they replaced: find a friction point, own it, and extract rent from both sides. The market rewarded them handsomely for this, for a while. Then the next wave arrived.

Generative AI is driving a change of extraordinary scale and speed. We cannot assess the impact of the tsunami from inside it, but we can see the fish floating belly-up, and extrapolate. The agentic economy is eliminating many roles that just a couple of years ago seemed staple of our service-based economy. AI agents will (if they haven’t yet) replace secretaries, clerks of all kinds, brokers, advisors, recruiters, customer service representatives, paralegals – and the buck won’t stop there.

What is happening now to companies like Capgemini, Accenture, and McKinsey is structurally identical to what happened to newspaper classified departments and taxi dispatchers. AI agents do not merely reduce friction – they eliminate the information asymmetry that made the intermediary necessary in the first place. A system embedded inside an enterprise does not need a consultant to explain what it is doing. It does it, iterates, and reports back.

OpenAI and Anthropic understood this early, which is why both recently announced joint ventures – in a parade lockstep – to deploy engineers directly inside corporate clients. OpenAI has built an elite, highly technical consulting wing – a multi-billion dollar venture backed by TPG, Brookfield, Bain Capital and others. Anthropic teamed up with alternative asset titans like Blackstone, Hellman & Friedman, and Goldman Sachs to form a dedicated AI services company. AI labs are moving fast into services and deployment because model commoditization is a risk, and because adoption bottlenecks hurt revenue growth.

The Big Four are seemingly fine for now, touting alliances with the AI leaders, helping them scale AI implementation across their enterprise clients. However, professional consultants are clearly the next elevator boys, hanging by the thread of the “human in the loop” habit. The only chunk of the consulting business that is accelerating involves embedding the AI revolution into enterprises – and very soon, Anthropic and OpenAI will not require the help of PwC or Deloitte for that. They are the owners of the technology: why would they pay a toll for a booth on their own road?

The irony is pointed: the companies building the technology that makes middlemen obsolete are inserting themselves as the new middlemen between the AI model and the enterprise. But even this layer is temporary. Once AI agents can deploy themselves, even that layer compresses. The OpenAI and Anthropic JV story is the last gasp of the middleman era.

The real and durable beneficiaries of the AI economy are not the model builders. Raw intelligence, reasoning, and pattern-matching are no longer rare, expensive breakthroughs – they are becoming cheap, standardized, and universally accessible. Core AI technology is turning into a commodity, just like electricity once did – and the value moves both up and down the stack.

“Up the stack” is a constantly moving target. Right now, it sits in hyper-specific vertical applications – defense, aerospace, finance, and medicine – where proprietary data, regulatory compliance, and domain expertise create durable moats. It also lives in the integration layer: the software plumbing that turns raw AI reasoning into auditable, legally compliant enterprise actions.

In the near term, value will shift further to agentic orchestration – the “Agent Overlords” that coordinate swarms of specialized AI agents, manage workflows, handle exceptions, and maintain oversight across complex business processes. These control planes will become the new scarce and valuable layer, much as operating systems and databases once did. What comes after that is harder to predict, but the pattern is clear: as each layer commoditizes, the economic prize moves to the next bottleneck.

“Down the stack” is the physical layer underpinning everything, and that’s where the true moat is. Every agentic transaction, every automated workflow, every AI-mediated business relationship runs on cloud compute, which runs on power, which runs on tangible assets unlikely to be replaceable for at least the next decade. After a century of disruption, humanity has come full circle: the “boring” material world – acres, bricks, pipes, wires, water, and power – has once again become the real source of scarcity and enduring value.

OpenAI and Anthropic are the last of the middlemen: brilliant, richly capitalized, yet ultimately dependent on infrastructure they do not own. What sits beneath them is not a new intermediary – it is bedrock.

Copy and paste the text from AMT that you want to share

postN87

AMT Top Ten Miscellaneous Bits of Clarity for the 19th of April 2026

In a World Filled with Bread and Circuses, Now a Dose of Transparency

10: The Risk Reward Show: Sommer and Petrucci will return to the airwaves this coming week, via sources like Spotify and YouTube, with their podcast starting after a long break (absence).

9. Hardball: Major League Baseball is back and the sport continues to attract more fans and growing attention with its quicker games, a new computerized strike zone, and maybe even more dislike of the Los Angeles Dodgers. Yes, Shohei Ohtani remains a dominant and positive force in the baseball world.

AMT Top 10 for the 19th of April 2026

8. Populism: Politicians on both sides of the Atlantic continue to display a wide display of nonsensical rhetoric and bold asinine actions equating into empty spectacles. An example from the Left is Zohran Mamdani the mayor of New York City with his socialist platform, which is certain to fail and equate into more people and companies leaving NYC for less expensive and friendlier tax environments. And from the Right Italian Prime Minister Giorgia Meloni who talks a tough game but consistently falls short of backing up her words when she senses she could lose control of her power base. The putrid smell of trying to please voters with rotting bread and circuses prevails.

7. Speculation: Gold finished Friday’s trading near $4,837.50, Silver around 80.78. Bitcoin is close to $75,570.00. 

6. AI: While the Artificial Intelligence hangover has been widely discussed for a handful of months, health continues to be seen via Nvidia which closed above $201.00 going into this weekend, and Anthropic PBC which appears to be aiming for an IPO in late 2026 or early 2027. At this moment Anthropic has an estimated valuation of 800+ billion USD. If Nasdaq is able to secure a listing with Anthropic it will immediately factor into the Nasdaq 100. Are some investors betting on upside now which they believe will be seen when Nasdaq reorganizes its index?

5. Optimism: India, South Africa, Brazil and other emerging markets have experienced Forex volatility like all nations the past month and half due to the Iranian war. However, in the past two weeks the Indian Rupee, South African Rand and Brazilian Real have performed better as global markets have calmed. The ZAR and BRL have actually outperformed major currencies over the past handful of months showcasing existing optimism within financial institutions dealing with these currencies.

4. Money for Something: Lefarge, a French company specializing in concrete, was found guilty this past week of paying ISIS (Daesh) and other terrorists groups money in the years from 2012 into 2014, this in order to maintain their business operations in Syria. While Lafarge claims they paid the money to keep their operating staff safe, a French court ruled Lafarge was buying not only safe passage to allow employees to work, but also paying for physical resources needed from quarries that were controlled by the terrorists. Critics of Lafarge point towards the company’s massive infrastructure investments leading up to 2012 and a decision to seek profits no matter the costs of dubious morality. Some Lafarge former senior executives involved have been sentenced to prison including Bruno Lafont and Christian Herrault. Lafarge and Holcim (a Swiss conglomerate) merged officially in July of 2015.

3. WTI Prices: The value of the world’s most famous Crude Oil went into the weekend near $83.30 via futures markets. The commodity is certain to open with volatility early on Monday, this as folks weigh in via their existing behavioral sentiment which will range from speculative perceptions to insights they hold to be true (but that could prove false). WTI Crude Oil challenged 79.00 USD momentarily on Friday, before sparking upwards as cautious attitudes likely ignited doubts about what would happen this weekend in the Middle East regarding potential developments. Wagering on WTI in the coming days for day traders may be akin to spins of the roulette wheel.

2. Apex Heights: The winning streak and surge upwards for the Nasdaq 100, S&P 500 and Dow 30 via gains have caught some investors by surprise and standing on the sidelines. Some large financial institutions may find they have to explain why they did not participate in the rally which has unfolded since late March. The S&P 500 has gone up around 9.5% during this time.

1. Straight Talk: The Hormuz and whether or not the strait is open for oil tankers will remain a catalyst for all global assets until clarity is gained. In the meantime a whirlwind of noise and threats from President Trump, the U.S White House and Iran will remain a menace for all traders – small and large. Is the Strait of Hormuz open or closed?

Copy and paste the text from AMT that you want to share

postN75

U.S National Security, Part 3: Don’t Underemphasize Freedom

U.S National Security, Part 3: Don't Underemphasize Freedom

Opinion: The following article is commentary and its views are solely those of the author. This article was first published the 30th of December via The Angry Demagogue.

 

Conclusion

The post-Cold War world that the Strategy Paper tries to figure out is much more than the collapse of the Soviet Union and the rise of China. One of the main goals of the Trump administration is to turn the clock back on “globalization”, be it via tariffs, other economic ways or even, military means.

While the world is panicking over AI’s destruction of good white collar jobs, it has, paradoxically, created a world where the auto industry can’t find enough qualified mechanics at nice six figure salaries. Not even ten years ago the journalists were haranguing out of work blue collar workers with “go learn to code”, the beer guzzling crew can now tell the tearful journalists and Hollywood “writers” who can’t write better than AI to “go learn how to weld” (or at least handle a screwdriver). But the strategic issues we are facing go beyond manufacturing jobs.

The challenge to the United States and to other free countries is how to handle a new reality where massive debt threatens the diminution, if not the destruction, of the life style we have all come to take for granted and where revanchist regimes don’t quite understand that their power and “prestige” is a result of what has been built in those free countries they want to replace. China, like Russia, Iran, Turkey, Qatar and the non-state actors like Hamas, Hezbollah, the Moslem Brotherhood and others don’t quite understand that while they can use, and even sometimes improve on what freedom has provided them, they will stagnate once they attain their goal of defeating and destroying the free world.

As advanced as China becomes and even if it flies to the moon, overtakes the United States in AI and quantum computing and manages to make the United States into only the breadbasket of the world, they will stagnate as only free markets and free people can move the world to the next step. Growth can only be accomplished by free people. True enough, the economy often grows in ways that we don’t always like, the alternative is stagnation and a return to the pre-scientific age. For all the talk of “new man” and “progress” and everything else that the Soviet Union strived to create, they produced no medicines, no medical devices and no medical treatments.

Therefore, the defeat of the revanchist world and the preservation of freedom needs to be the paramount goal of American foreign policy. This does not mean the creation of democracies where none have ever existed and it does not mean sending troops in every time a political prisoner is arrested or even a plan to militarily defeat the CCP, but it does mean always supporting free countries against the unfree even when the United States is also “friends” with the unfree one.

This means that it will also give free countries leeway when their interests do not align perfectly with America’s (non-core) interests. America as sole protector of the free world has leverage that America as midwife to a set of regional alliances does not. This is a choice that America can make and a correct reading of the Strategy Paper tells us that the United States no longer wants to or can be the main power in every region in the world. This means that there needs to be a change in attitude in America so that it cannot force its will on its allies just because there is another contract to be had or another “cause” that has caught the eye of the country’s establishment.

Encouraging regional alliances of free countries such as the new Eastern-Med Alliance that has already been established between Greece, Cyprus and Israel is a prime example. In addition to the economic cooperation there has been joint defense training and there are agreements that will lead to a defense cooperation pact if not a NATO-like security treaty. Turkey is the common competitor, or enemy, of these three countries. Turkey claims certain Greek islands, occupies parts of Cyprus and has designs on Israel as it strives to be the Islamic “liberator” of Jerusalem. There are gas exploration agreements and cooperation and there would have been a pipeline to Europe if the Biden administration had not stopped it (while they approved the Russian-German pipeline).

Italy ought to be a natural member of the East-Med Alliance and maybe the dissolution of NATO will make them realize that they have more in common with Israel and Greece than they think they do. If Italy were to join then that would create a powerful naval and air deterrence of free countries against aggressors in the eastern Mediterranean. The addition of Malta, a small but strategically important country south of Sicily would provide naval bases that could control the sea lanes between north Africa and Europe helping to stem illegal migration and Turkish attempts to control those same lanes. Malta also brings with it a history of defeating Suleiman the Magnificent in a four month siege when the Ottomans tried to conquer this important island. As we stated before, the United States as a “midwife” to alliances cannot instruct countries on their own national interests. That means that allies of the United States will clash but America must always come down on the side of the free countries and not the revanchist power – in this case, Turkey.

There are of course other regional alliances that can come into being and a remake of the post-WWII world is in order. The end of the cold war created economic booms across the globe raising hundreds of millions of people out of poverty, but recent decades have seen an increase in terror and tyranny and that itself needs to be dealt with. If not by the United States alone then by the US along with the regional alliances that the Strategy Paper has highlighted and we have demarcated (partially) here. But concepts like “territorial integrity” (see Syria, Somalia and the rest of Africa) and “sovereignty” have lost their moral imperative as they are used as excuses by tyrants (and their enablers at the UN) to further their cruelty. One of the faults of the old “liberal international order” has been allowing tyrannies the same rights and respect as free countries. During the Cold War, when nuclear war loomed, this might have made sense but after the fall of the Soviet Union these “principles” have created more harm than good.

In the National Security Strategy of the administration, the words “free” and “freedom” appear twenty times, but never in the context of an alliance of free countries. While it speaks of freedom of religion and speech and free markets it never speaks of the need to put allies that are free ahead of friends that are not free. Allies are those countries that share values and will come to your aid because of that. Friends, in international affairs, are those that look to short-term gain and have no desire to further your values or interests. There is no reason that the United States, in its current fiscal condition needs to fight the fight of freedom around the world alone, but neither can it abandon that fight in the pursuit of short-term contracts or frivolous causes.

Disclaimer: the views expressed in this opinion article are solely those of the author, and not necessarily the opinions reflected by angrymetatraders.com or its associated parties.

You can follow Ira Slomowitz via The Angry Demagogue on Substack https://iraslomowitz.substack.com/ 

post297

Significant Highs All Around as Speculation Grows Frothy

Significant Highs All Around as Speculation Grows Frothy

Gold, platinum, and the major U.S indices are all flirting with record values. Fast trading is being seen on all fronts, dangerous reversals are also being displayed and causing harm for day traders. The U.S government shutdown remains in full force. Not enough pain has been heard from the U.S public yet which would make politicians pause and actually try to negotiate a deal.

Milestone apex values have been experienced. Gold has produced the 4,000.00 USD per ounce level and sustained value, the Nasdaq 100 toppled 25,000.00 the past two days, but has moved lower for the moment. Conditions for day traders are swift and they need to be careful. And while the U.S government is shuttered, the Federal Reserve is still expected to announce their FOMC interest rate decision on the 29th of October. A Federal Funds Rate cut of 25 basis points is still anticipated.

Gold Three Month Chart as of 8th October 2025

Forex has seen jittery results as the EUR, GBP, JPY have struggled in recent trading versus the USD. And while some people may point to the stellar results and values within Gold and Bitcoin as evidence for safe haven wagers being placed, large speculators are playing a key ingredient in the broad markets too. Investors are certainly looking for value and have a belief that buying now represents a discount compared to what Gold and equity values will be over the long-term. However, day traders should also remember that a large amount of influence in the markets derives via behavioral sentiment, and as record highs are being challenged anxiousness grows regarding potential responses from speculative forces particularly when profit taking remains a part of wagering.

Nvidia Three Month Chart as of 8th October 2025

While questions and concerns are heard about a possible AI bubble being experienced and too much money being invested in equities like Nvidia, Oracle, Microsoft, etc., folks need to understand long-term investors are gearing their portfolios towards outlooks. Betting on these companies playing a significant role in technological advancements is a long-term viewpoint which works on optimism. Artificial intelligence is important, but the motor that runs AI infrastructure via semiconductors, big data distribution, servers and cybersecurity are crucial. The promise of quantum computing is also experiencing a surge of investment because of a belief in the future.

USD/JPY Three Month Chart as of 8th October 2025

And that is what day traders who are tempted to bet against the trends in the marketplace need to remember. Investors will not bet against Wall Street because of the government shutdown. In fact, they will certainly be heard joking that corporations run more effectively with less government intrusion.

This is not a simple puzzle. Complexity certainly needs to be considered regarding valuations in the EUR/USD, GBP/USD and USD/JPY. Intriguingly, day traders may want to take a look at the South African Rand too, because technically it continues to be strong against the USD, which is rather out of step and a rather interesting non-correlation. The broad Forex market has lost some its luster for day traders the past year because of a lack of perceived volatility across the board. But volatility may be on the way, the Japanese Yen certainly stands out and should be watched via the USD/JPY and JPY crosses in the coming days and weeks.

post270

India Insider: Strategic Balancing Act Comes with Risks

India Insider: Strategic Balancing Act Comes with Risks

On the 15th of August, India’s Independence Day, Prime Minister Narendra Modi announced a large reduction on Goods and Services Tax rates to boost domestic consumption. The Indian economy is certainly slowing, this as lackluster domestic consumption has prompted the Reserve Bank of India to cut the repo rates from 6.5% to 5.5% in 2025.

Indian Bonds 30 Year LPS Yields One Year Chart as of 19th August 2025

As trade deal discussions with Washington flounder, New Delhi is being forced to shift economic considerations towards China. The diplomatic relationship between India and China has grown colder, particularly since they clashed on the eastern border region in 2020.

Relying on China also comes with challenges for New Delhi. Since 2021, the trade deficit with China has expanded from $73.3 billion to $99.27 billion USD, showing that India still depends increasingly on China for significant importing needs.

According to Bloomberg, India’s major conglomerates have already established excellent relationships with Chinese suppliers of lithium ion batteries and EV components, although they try to discreetly tread under the radar in order to avoid the wrath of New Delhi government.

The fact is India can sustain its economy and maintain its geopolitical posture of non-alignment by practicing a multi-polar stance with Washington and Beijing. But despite clinching trade deals with the U.K and reviving trade negotiations with the E.U, New Zealand & Australia, and its deepening bilateral relationships with many central Asian nations and within BRICS, New Delhi’s major trading partner for exports remains the United States. Around 18% of India’s exports go towards the U.S, while 15% of imported goods come from China. The numbers do demonstrate an intriguing balance.

While India’s negotiations with the U.S have stalled and appear postponed indefinitely, other Southeast Asian countries, including Vietnam, Indonesia and the Philippines have secured lower tariffs with the Trump administration making them more competitive in the U.S. market. These nations are using the U.S for economic and military security, but they also rely on China for manufacturing and logistical needs.

India Faces Additional Challenges with Washington and Beijing:

Indian IT companies derive nearly 57% of their export revenues from U.S clients, making them heavily dependent on that market. And rapid advances in AI and the erosion of legacy outsourcing models are putting India’s traditional profit engines under pressure.

Meanwhile, China is not keen on helping India achieve expertise and manufacturing competitiveness which would threaten its own business model. China wants to make inroads by selling goods to the world’s largest consumer market, rather than technology transfers which would allow India to attain manufacturing supremacy.

Some economists warn that India’s own plans for mitigation of its current circumstances will likely be disinflationary. India’s bond results via yields clearly express concern about potential fiscal costs and difficulties. New Delhi’s focus has shifted towards appeasing domestic consumers, while trying to deal with uncertain foreign partners. Government capital expenditures have been declining since last year, signaling that both corporate and public investment confidence remains weak.

India’s neutrality is welcomed. It’s not anti-Western or pro-Western, and attempts to balance between the U.S and China while trying to forge new trade agreements and ties are a constant high-stakes game capable of creating strains economically and politically. The path forward with the U.S and China will remain complex and it must be worked on with precision in order to help achieve success.

postR179

AMT Top Ten Miscellaneous Rays of Light for 23rd of August

AMT Top Ten Miscellaneous Rays of Light for 23rd of August

10. Word of the Day: Like crepuscular animals which are active during twilight, large market players are ruminating as their summer hiatus draws to an end over the next week and a half. Plans for coming hunts are being formulated as leisure concludes for financial institutions preparing to work in the shadows.

9. Scrolling Failures: Lack of solid results on search engines are becoming a growing annoyance. Is it just us? An abundance of poor information via defined searches on the internet and finding what is sought is becoming increasingly problematic. Is AI being allowed to do too much while still too dumb? AI doesn’t know when it is wrong. Competitors to Google and others are sought.

8. How Dare Us: The postponement of imposed dates regarding energy policy changes are multiplying. The end for the classical use of oil, coal and nuclear is not near. Efficient power is evolving, but this will have to include ‘antique’ generation and grids. The demand for electric vehicles are being confronted with declining sales via U.S consumers. Tangible technology needs precise planning, not apocalyptic rhetoric which tries to scare people.

7. Middle East Calm: The storm is being limited within a tea cup for the moment. The potential for a dangerous boiling painful mess still exists. ‘Serenity now’ remains a mantra for those who need to pay attention as chagrin and anxiousness mix.

6. Fed Retreat: The FOMC Meeting Minutes released this week showed some Fed members remained cautious, while others banged the drum louder regarding interest rate cuts. However, a Fed Funds Rate reduction is almost a 100% certainty for the 18th of September. The question now is what the Fed will do in November. Fed Chairman Powell and a slew of other renowned global central bankers will speak today and tomorrow at the Jackson Hole Symposium. Financial institutions largely believe they know what is going to be said, but comments from Bank of Japan and Brazilian leadership could prove to be informative and entertaining for central bank nerds. Monday could be volatile for USD/BRL traders.

5. VIX: The CBOE’s Volatility Index climbed to the 56 vicinity on the 5th of August as panic grew via widespread overreactions to hyperbole ripping through the markets. The fear gauge is near the 17.55 ratio as of this writing. Market calm has resumed across the board as financial institutions and day traders have been able to achieve a pleasant tone again. Traders who use the VIX as a template regarding the potential of risks suddenly cascading into assets should keep their eyes on the index, which went to a low around the 14.45 mark on Monday. Yet, the slight incremental climb the past few days could be coming from folks still speculating on volatility which may not develop near-term.

4. Barometers: Gold is lingering slightly below 2,500.00 for the moment, this after having achieved a record high on Tuesday when it touched the 2532.00 apex. WTI Crude Oil is near 74.00 USD per barrel and is maintaining a polite value range. Speculatively, Cocoa is again above 9,000 USD per ton and Bitcoin has fought its way above 61,000 this morning. Risk appetite remains stable for the moment.

3. Forex: USD/JPY, EUR/USD, even the USD/ZAR have been able to hold onto their recent trends as USD centric weakness remains viable. Traders who were looking for huge moves in FX this week have likely been disappointed. Retail speculators need to understand financial institutions have been positioning for a weaker USD since the tail end of July. Market players may be quite pleased regarding current Forex equilibrium, which may allow technical traders the ability to take advantage of existing behavioral sentiment, this as reversals flourish and the next big wave of impetus is awaited. Next Thursday’s U.S Preliminary GDP numbers may deliver some noise.

2. Cassandras: Market experts who proclaimed a long-term stock market crash in early August have crawled back into their caves to take cover and percolate their next fear mongering tactics. This after the latest round of predicted catastrophes have vanished. While the major U.S stock indices are not at record highs, they have recovered plenty of lost ground and appear ready for more days in the sun.

1. Political Winds: The curtain closed on the Democratic National Convention in Chicago last night without a serious hiccup. Kamala Harris and Donald Trump now enter a crucial phase of campaigning, and will get plenty of attention as they go into attack mode. The next big event for Harris and Trump will be their televised debate on the 10th of September. Will the outcome prove to be a devastating storm for one of the candidates?

postR196

AMT Top Ten Miscellaneous Fragments for the 24th of May 2024

AMT Top Ten Miscellaneous Fragments for the 24th of May 2024

10. IP vs. AI: OpenAI has agreed to pay News Corp., the mass media company, for the rights to ‘farm’ data and written content from publications like the Wall Street Journal and other notable brands. OpenAI will compensate the media giant around 250 million USD over the next five years. Question, does this legally imply that all Artificial Intelligence companies will eventually have to pay for ‘scraping’ Intellectual Property from all resources they take information?

9. Memorial Day: The U.S will observe its commemoration for fallen soldiers this coming Monday. The long holiday weekend will affect financial markets later today with lighter than normal trading, and volumes will be very thin in Forex and many commodities early next week.

8. India: The 6th phase of India’s national election will be held tomorrow. The 7th and final polling date is the 1st of June. There are murmurs that Prime Minister Narendra Modi’s Bharatiya Janata Party is losing some ground and will not be able to attain a super majority in the Lok Sabha.

7. Moment of Lunacy: The United Nations observed a moment of silence for Iran’s deceased President and Foreign Minister who died earlier this week in a helicopter crash, while failing to mention the majority of citizens in Iran who live unwillingly under the Iranian Islamic Republic’s oppression.

6. 29th of May: The South Africa election will be held next Wednesday. After governing the nation since 1994, the African National Congress appears to have a fight on its hands to sustain power without having to use a coalition. Dangers abound regarding potential political alliances which might have to be formed. The USD/ZAR will certainly endure volatility in the days ahead, and geopolitical influences should be monitored in the weeks to come. Can a tranquil compromise be attained?

5. FOMC Meeting Minutes: Wednesday’s publication of the Federal Reserve’s decision making process rumpled some feathers in financial institutions regarding the central bank’s laser focus on inflation. However, traders should not have been surprised. While the outlook for the Federal Funds Rate has seemingly shifted within financial institutions to hopes of a more dovish policy, equity indices and Forex will continue to amplify a battle between short and mid-term speculative and investment positions that gyrate on power generated from fundamental economic reports and technical perspectives.

4. Gold: The precious metal is near 2,340.00 USD as of this writing, this after attaining an all-time record value around $2,450.00 per ounce this past Monday. Risk appetite is certainly high in the financial markets. Day traders need to understand large speculative forces can move commodities and other assets with lightning speed when big volumes and changes to behavioral sentiment collide.

3. Data and the G7: Today’s Consumer Sentiment and Inflation Expectations readings should be watched from the University of Michigan. Weaker than anticipated results could solidify a bearish trend for the USD. However, traders should also keep in mind the G7 meetings taking place as they monitor global events, they should also remember to eliminate the hyperbole that may come from some politicians today and tomorrow in Italy as pronouncements come from the conference.

2. U.S Debt Burden: As the U.S election draws closer, investors are likely to hear more about the growing U.S debt which is certainly increasing too rapidly. 34 trillion USD in public debt is owed by the U.S government. It is a monumental number and growing larger on a daily basis. The U.S must start to get its fiscal house in order. The ratio of 124.7% of U.S debt to Gross Domestic Product is eye catching, it is still less than many major countries but still troubling. Japan’s ratio is about 263%. However, the U.K’s ratio is less and standing at 85.4%.

1. Devaluation: USD/JPY as of this writing is hovering near 157.000. There has been talk among financial institutions regarding the belief that China is quietly devaluing the USD/CNY to gain an advantage in export ability. But little mention has been made of Japan’s devaluation of the Japanese Yen to accomplish the same goal. The USD/JPY remains in remarkably high territory and the currency pair needs to be treated carefully by day traders as the Bank of Japan maneuvers policy to accomplish economic goals.

postN51

AMT Top Ten Miscellaneous Entries for the 22nd of March 2024

AMT Top Ten Miscellaneous Entries for the 22nd of March 2024

10: Jefferson: Jon Meacham’s Thomas Jefferson The Art of Power provides well written historical and psychological insights concerning one of the U.S Founding Fathers.

9. Shohei Ohtani: Major League Baseball has a gambling scandal. Claims that Ohtani’s interpreter ‘stole’ over 4 million USD from the player to pay off gambling debts beg for questions.

8. Saudi Arabia: The nation has announced it plans on investing 40 billion USD into Artificial Intelligence sector companies via its Public Investment Fund (sovereign wealth fund) and potential business partners.

7. Steve Jobs: Apple’s innovation and tech leadership appears to be weakening as the absence of its deceased leader fades into memory, and competitors grow.

6. Bank of Japan: Monetary policy was finally shifted on Tuesday, an interest rate of 0.10% was instituted, today’s National Core CPI data came in at 2.8%. USD/JPY is currently around 151.400 suggesting financial institutions believe the BoJ Policy Rate may have to be raised again.

5. Gold & Forex: The precious metal challenged 2223.00 USD on Wednesday after the Fed’s FOMC rhetoric but is trading near 2165.00 as of this morning, this as the USD has gotten stronger again producing FX volatility.

4. Hot Chocolate: Cocoa finished yesterday at 8477.0 USD per metric ton, the commodity cost 2880.0 USD one year ago. What and who are manipulating the market?

3. China: Official Foreign Direct Investment statistics are supposed to be released soon. China argues that the fall of foreign investment capital is being reported with bias and not taking into consideration the impact of coronavirus, global monetary policy changes, and cyclical investment fluctuations. However, the FDI numbers remain troublesome and should be watched.

2. Risk Appetite: Major U.S equity indices including the S&P 500, Nasdaq Composite, and Dow Jones 30 are challenging record highs as behavioral sentiment remains exuberant, along with Japan’s Nikkei 225.

1. Interest Rates: The Federal Reserve has hinted three interest rate cuts ‘could’ happen this year, this while inflation in housing, transportation and food remain significant for U.S consumers. The Fed seems to be indicating it believes U.S jobs data will get worse. Political shadows hover over the central bank as the presidential election draws closer. The Fed only has 6 FOMC meetings left and appears to be playing with fire.

postN51

AMT Top Ten Miscellaneous Sunrays for the 23rd of February

AMT Top Ten Miscellaneous Sunrays for the 23rd of February

10. Word of the Day: Abeyance – the state of suspending something until another issue is resolved. Can you say, “Central Banks”……we knew you could.

9. South Africa: National election is scheduled for the 29th of May. Will the disdain the ANC and EFF have for the ‘West’ be addressed by voters or will the masses elect the usual suspects?

8. China and Germany: New Home Sales prices dropped again in China per data released this morning, Germany’s GDP data published today shows negative growth and recessionary pressures growing.

7. Nvidia: Their quarterly earnings report this week showed Artificial Intelligence isn’t a mere marketing tool, but a moneymaker opening a new era for technology.

6. South Carolina: Nikki Haley apparently will lose the Republican Primary in her home state tomorrow, but likely stay in the presidential race hoping that Donald Trump implodes via his own ego or legally.

5. Don’t Touch that Switch: AT&T believes yesterday’s widespread phone outage was caused by human error, not a hack.

4. U.S Equity Indices: Timeframes and patience remain crucial for investors amidst daily gyrations, this as the S&P 500, Nasdaq 100 and Dow Jones 30 explore record values.

3. New Zealand: Will the Reserve Bank of New Zealand go against the grain and actually raise its Official Cash Rate next Wednesday to fight stubborn inflation, or capitulate to the wait and see approach of ‘others’? The NZD/USD should be watched.

2. Caution: Forex remains choppy, U.S Treasury yields have crept slightly upwards, gold is hovering near 2020.00 USD. AMT’s #1 may be the reason why.

1. U.S Data Next Week: Preliminary GDP will be published on Wednesday, and Thursday will present the Core Personal Consumption Expenditures Price Index. The results could create massive impetus in all financial assets.