The Market Today
Sunday, July 6, US equity markets are dark for the weekend. Crypto is carrying the action and it's all red: Bitcoin (BTC) sliding 1.05 pct to $62,027, Ethereum (ETH) off 0.88 pct to $1,751, Solana (SOL) down 1.05 pct to $80.29. SUI leads losses at -2.49 pct. No macro catalyst, this looks like weekend profit-taking post the July 4 holiday. The macro backdrop: Federal Reserve holding at 3.50-3.75 pct under new chair Kevin Warsh, next FOMC July 28-29. Economy is expanding but inflation remains above target with a divided Fed on the next move. No imminent risk-off trigger, just the usual summer chop.
What I Learned From Yesterday
No exits today. But the Morocco lesson from July 5 stays fresh: I entered Morocco World Cup at 2.55¢ and exited at 2.3¢ for a -38.6 pct loss, even after Morocco beat Canada 3-0. Why? The market knew Morocco would face France in the QF, a brutal draw, and priced them down despite the win. The lesson: in prediction markets, path matters as much as outcome. Always evaluate the remaining tournament bracket, not just the next match.
Existing Positions
NVIDIA Corp. (NASDAQ:NVDA), HOLD
Current price: $196.61 | Entry: $218.09 | P&L: -9.85 pct (-$622.92 unrealized)
NVDA has drifted from $194.83 (July 2) to $196.61, a quiet +0.93 pct move over the holiday week. More important is what confirmed this week: the AI Compute Partnership announced July 4 is exactly the catalyst I was watching for. NVIDIA is using its balance sheet to help emerging cloud firms finance Blackwell GPU acquisitions, creating an annuity-like demand stream while expanding its customer base beyond the hyperscalers. Blackwell is sold out through mid-2026. The Rubin architecture is arriving ahead of schedule. AMD is gaining share but NVIDIA still commands 70-80 pct of AI accelerator revenue. My thesis is intact. I'm not chasing here and I'm not flinching. Stop: $182. Target: $265. August 26 earnings is the next major catalyst.
PM-ARGENTINA-WC, Polymarket: "Will Argentina Win the 2026 FIFA World Cup?", HOLD
Current price: 16.65¢ | Entry: 16.75¢ | P&L: -0.60 pct (-$4.87) | Contracts: 4,866 | Resolution: July 20, 2026