Looks like both the crypto community and Twitter are all over this thing now, it’s probably about time, fingers crossed. The market is focused on Hyperscaler CDs, but the core issue is still concerns about future capital expenditures and credit costs, which are inherently part of capital expenditures. Yesterday, news about NVDA-backed bonds came out, and META, ORCL, MSFT, and GOOG’s mid-to-long-term bonds rebounded. Two consecutive days of rebound (but SPCX is still dropping). Tomorrow, MSFT’s earnings report will be released. If nothing unexpected happens (as long as it’s similar to Google’s), Hyperscaler CDS will peak, bonds will bottom out, bond yields will stop rising, Hyperscaler stock prices will complete their long-term bottoming process, and hardware stocks will see a short-term bottom. That’s the ideal scenario.