BREAKING: Elon Musk says debt markets have “almost entirely shut off” access to money for any company without substantial revenue independent of AI data centers. Neoclouds are going to see “guppy-level death and consolidation,” Musk says.

The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%. This is no longer an issue that we have months or years to address. This is unsustainable.

SUMMARY OF FED DECISION (9/16/2026): 1. Fed hikes interest rates by 25 bps for first time since July 2023 2. The decision was made in a 12-0 unanimous vote 3. Fed says the decision will support a "timelier" return to 2% inflation 4. Median Fed forecast shows one more 25 basis point rate hike in 2026 5. Fed says job gains are strong and the unemployment rate has "changed little" 6. "The Committee will deliver price stability," the Fed's statement says Higher for longer is back.

BREAKING: Total US debt officially hits $40 trillion for the first time in history. That's $119,699 in US debt for every American. This puts the total US debt balance up +$17 trillion since 2020 and +$30 trillion since 2008. We are on an unsustainable fiscal path.

BREAKING: President Trump is weighing a cut to capital gains taxes ahead of midterm elections, per Bloomberg. There has not been a major cut to capital gains tax rates in the US since 2003. This would have massive implications if implemented.