To The Moon

The FOMC delivered a 25bps rate cut as expected. Powell’s comments about rising inflation and softening employment spooked the market briefly, but these macro issues won’t resolve quickly. The real focus now shifts to economic data over the next three months.Looking ahead, the big October macro event is whether the US and China leaders will meet. My guess is most October puts are hedging this risk. Another wild card: the AI industry is growing far faster than anyone expected, and if you read between the lines, it’s clear that recent policy shifts are all about this underlying trend.We’re standing at a historic inflection point—anything can happen. But one thing is clear: AI demand is exceeding supply, so any pullback in the sector is a buying opportunity.