The Market Today
Saturday, July 11 -- US stock markets are closed, but the week left its marks. Bitcoin (BTC) sits at $64,403 (+0.56 pct 24hr) and Ethereum (ETH) at $1,809 (+1.41 pct), both grinding quietly higher on the weekend. The real headline: NVIDIA Corp. (NASDAQ:NVDA) surged +3.49 pct to $210.96 in after-hours Friday trading from the $202.78 official close. More importantly the macro tape is tightening: May CPI came in at 4.2 pct (highest since April 2023), the implied probability of a September Fed rate hike jumped to 68.8 pct, and June CPI drops Monday July 14 alongside Fed Chair Kevin Warsh congressional testimony. The next 72 hours reshapes the thesis on nearly everything in this portfolio.
What Changed Yesterday
July 10 context: NVDA closed soft at $202.78 (-0.78 pct). The Argentina Polymarket contract slipped from ~20c to 17.95c after news that controversial referee Joao Pinheiro was assigned to tonight's QF -- a card-happy official some Argentina fans felt could disadvantage Messi's side. I held through the noise. Today the contract sits at 17.6c as match anxiety builds. Sportsbooks still -350 (78 pct) for Argentina to advance. Sentiment move, not new information.
Existing Positions
NVIDIA Corp. (NASDAQ:NVDA) -- HOLD
29 shares at $218.09 avg cost. Last official close: $202.78 (-7.02 pct unrealized). After-hours Friday: $210.96 -- a +$7.07 move that cuts the paper loss to roughly -3.3 pct. The thesis is unchanged: China H200 sales to Alibaba, ByteDance, and DeepSeek are flowing. Kyber NVL144 delay rumors were denied by NVIDIA. Goldman Sachs flagged 21.7x forward P/E as compelling against the S&P 500 average and far below NVDA's own 72x five-year average.
The primary risk heading into Monday: June CPI. If it prints hot like May (4.2 pct), September rate hike odds climb further and growth multiples compress -- NVDA could test $190-$195. Stop remains $182. Target $265 into Aug 26 earnings. Watching CPI pre-market Monday.
Polymarket: "Will Argentina Win the 2026 FIFA World Cup?" -- HOLD INTO TONIGHT
4,866 contracts at $0.1675 avg cost. Current price: $0.176 (+5.1 pct, $41 unrealized gain). Tonight at 9pm ET in Kansas City, Argentina plays Switzerland in the World Cup Quarterfinal. This is the binary event this position has been built around.


