Monday Market Open

Dear Reader,

Welcome to another week and another month. July is a favorite of mine. What’s not to like, summer is in full swing and the sun is shining. Hopefully this month will be a successful one for you, but before that can happen you need your daily does of Alpha.

Enjoy the read,

Market Indices & Commodities

What happened?
The Recap of the Week

• Biden and Trump faced off in presidential debate, bit of a shit show I’ve heard ⚖

• Nike stock takes huge dive last week 20%. Worst day since IPO📉

• NASA awarded SpaceX with $843 million dollar contract. Valuing the company at $210 billion, making it the most valuable private U.S. company ever 🚀

• Meta is under fire as EU are preparing to accuse the company of violating the bloc’s digital rules with it’s “pay or consent” model 📰

• Japanese industrial production rose in June for the first time in over a year ⚒

Graph of the Day
China is grinding 👷‍♂️

News
What on the Horizon?

• Monday - S&P final U.S. manufacturing PMI, forecast to rise to 50 from the contractionary level of 48.7.

• Tuesday - eurozone CPI, May Job Openings and Labor Turnover Survey: 7,910K vs. 8,059K in April, Federal Reserve Chair Jerome Powell speech in Portugal, any comments on monetary policy or economic outlook could significantly impact the markets.

• Wednesday - Markets closed at 1:00 pm EST in observance of Independence Day, US ADP employment report (June): 100K jobs expected to have been created, Minutes from the June Federal Open Market Committee meeting

• Thursday - Markets closed in observance of Independence Day

• Friday - US Ivey PMI (June): index expected to rise to 53.4 from 52, US non-farm payrolls (June): previous month’s figure smashed expectations at 272K.

⭐US non-farm payrolls and the US election dominate the week ahead. We also have the 4th of July this week, so for all the Americans reading have a drink on me.

The Secret Sauce
Atomic Intelligence ☢

Listen, if you have been following us for a while you would have heard us constantly preaching how nuclear power is the future. Even Bill Gates is hopping on the fucking wagon and now the tech industry and AI company’s are !

So the word on the street is that the energy-hungry data centers may have to go nuclear to meet rising demands for artificial intelligence (AI) if the world wants to keep its word and cut greenhouse-gas emissions.

From China to the United States, tech giants are eyeing the many gains that AI promises as we know. However, AI’s swallows energy like ye degenerates take down brews on the weekend. Just to put it into perspective for you, A simple ChatGPT query, for example, uses 10 times more energy than a Google search.

This thirst for power is only set to grow; a new study predicts AI could use as much energy as the Netherlands by 2027. A FUCKING country, it’s actually a joke.

So the current state of play to combat this energy surge is the tech companies are going to try use “small modular reactors” (advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit, which is about one-third of the generating capacity of traditional nuclear power reactors). They can be built at a fraction of the cost of traditional reactors and at speed.

So hedge your bets now boys. It’s gonna be a huge few years ahead in my opinion for the nuclear industry.

Thank you  
That’s all Folks

Hey, thank you for checking out Monday Market Open. Hope ye guys have a successful, happy month and a great 4th of July for all ye celebrating

Cheers,