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In today’s post:
Iran Just Called Trump's Bluff 🫢
Elon's Master Plan, Revealed 👿
Uncle Sam Will Pay For Your AI 💰
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
Late last year, a Klimt sold for the highest price ever paid for modern art at auction.
An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.
Meanwhile, Apollo’s chief economist Torsten Slok said to expect ‘zero in return in the S&P 500 over the coming decade.’
Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.
It’s also had near-zero correlation with the S&P 500 since ‘95.*
Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.
$1.3 billion invested across over 500 artworks.
28 sales to date.
Net annualized returns on sold works held 12 months+ like 14.6%, 17.6%, and 17.8%.
Shares can sell quickly, but my subscribers can skip the waitlist:
*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
Iran Just Called Trump's Bluff 🫢
A senior Iranian official is calling reports of a Khamenei ban on uranium transfers "enemy propaganda."
The claim? That Iran's Supreme Leader quietly ordered enriched uranium to stay inside the country. The counter-claim? That never happened, no new directive exists, and they'll handle it in the next round of talks.
Classic "we'll deal with it later" energy.
Here's what we actually know:
Reuters cited two senior Iranian sources saying Khamenei banned the transfer of near-weapons-grade uranium abroad
That would be a direct shot at a core U.S. and Israeli demand
Trump reportedly assured Israel any final deal would remove Iran's enriched uranium stockpile from the country
Netanyahu says no deal works without addressing the uranium, the missiles, and the proxy groups
The uranium itself is the issue. Iran has enriched material to 60% purity. Weapons-grade is 90%. Western powers say there's zero civilian justification for 60% enriched uranium. Iran says it's all peaceful. Sure.
Iranian officials reportedly see the stockpile as their main piece of leverage. Which explains why they're not exactly rushing to hand it over.
One possible offramp: downblending the uranium inside Iran, under IAEA supervision. That's still on the table, apparently.
But here's the problem. Downblending keeps the material on Iranian soil. The U.S. and Israel want it gone. That gap isn't small.
This isn't a negotiation breakdown. It's a negotiation stalemate dressed up in denial.
TL;DR
Iran denied reports that Khamenei banned uranium transfers abroad, calling it "enemy propaganda"
Reuters had cited two senior Iranian sources confirming exactly that ban
Trump reportedly told Israel any deal would require Iran's enriched uranium to leave the country
Iran views the stockpile as its biggest bargaining chip and isn't giving it up easily
Iran has enriched uranium to 60% purity, a level with no credible civilian use case
A possible compromise (downblending under IAEA supervision) is being discussed, but keeps the material inside Iran
1. Ride the Oil Spike
Iran nuclear talks breaking down = supply disruption risk stays elevated. Every headline that screams "no deal" pushes oil higher. This story isn't going away soon.
📌 Action: Swing trade oil ETFs like $USO ( ▼ 1.2% ) or $BNO ( ▼ 0.14% ). Buy the escalation, trim on the relief rallies. Rinse and repeat until a deal is actually signed.
2. Load Up on Defense
Netanyahu has a checklist: uranium, missiles, proxies. None of it is getting resolved fast. That's a long runway for defense spending across the U.S. and Israel.
📌 Action: Add exposure to $ITA ( ▼ 0.06% ) (iShares U.S. Aerospace & Defense ETF) or individual names like $LMT ( ▲ 0.04% ) or $RTX ( ▲ 0.65% ). Long-term hold. Geopolitical chaos is their business model.
3. Stack the Safe Haven
A nuclear deal falling apart with no clear offramp is exactly the environment gold was made for. Uncertainty is gold's best friend.
📌 Action: Accumulate $GLD ( ▼ 0.1% ) or $IAU ( ▼ 0.12% ) on dips. If talks officially collapse, expect a sharp move up. This is a hold, not a trade. Let the chaos work for you.
Daily Bull Run Premium+ 🐂
Everyone's watching Nvidia. Smart money is quietly loading up on something else.
There's a $2 trillion company that just told investors — on the record — that it has line of sight to $100 billion in AI chip revenue by 2027.
Not total revenue. Chips alone.
For context, the whole company did $64 billion last year.
This isn't a speculative moonshot. It's the company that Google and Amazon trust to build the custom silicon that actually runs their AI — and in some cases, it outperforms Nvidia's GPUs on the tasks that matter most.
The stock is already up 175% in the last year. And our analysis shows it could still deliver ~20% annualised returns through 2030 even using conservative assumptions.
There's a major earnings report dropping in weeks. If you're not positioned before it, you might be watching from the sidelines again.
In today's Premium deep dive, we break down:
Why this stock still has room to run at a $2T market cap
The exact valuation framework we're using (and what price would change our mind)
The one risk that could blow the whole thesis up
What to watch in the upcoming Q2 print
This is the kind of setup we built Premium+ for.
Stop guessing. Start executing.
What happens when the S&P moves 3% during your commute?
We are living in volatile times. While you cannot control the state of international affairs, you can position your portfolio accordingly.
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Elon's Master Plan, Revealed 👿
A SpaceX IPO isn't just a big deal for space nerds. It could be the setup for one of the most jaw-dropping corporate combinations in market history.
Wedbush's Dan Ives is doubling down on his prediction: SpaceX and Tesla merge in 2027.
And before you roll your eyes… the pieces are already moving.
Tesla already holds a stake in SpaceX. How? Its $2B xAI investment got converted into SpaceX shares after SpaceX absorbed xAI earlier this year. So yes, Tesla is quietly a SpaceX shareholder without most retail investors even noticing.
Then there's the Terafab. SpaceX and Tesla just announced a joint manufacturing facility — which isn't exactly something you build with a company you're planning to keep at arm's length.
In Ives' words, Musk wants to own and control more of the AI ecosystem. The end game? A single, unified Musk empire spanning EVs, rockets, and AI — the holy trinity of tech disruption.
Think of it like this: Tesla is the car, SpaceX is the rocket, and xAI is the brain. Musk is just waiting for the right moment to bolt them all together.
The IPO could be the trigger. A public SpaceX unlocks the valuation, gives Musk the currency, and sets the stage for a merger that would make every other tech deal look like a lemonade stand acquisition.
TL;DR
Wedbush's Dan Ives predicts a SpaceX-Tesla merger in 2027
Tesla already owns SpaceX shares after its $2B xAI investment was converted following SpaceX's xAI acquisition
A joint Terafab manufacturing facility is further binding the two companies together
Musk's goal: control the full AI stack across EVs, rockets, and artificial intelligence
A SpaceX IPO would give Musk the valuation firepower to make a merger happen
The groundwork isn't being laid — it's nearly done
1. Buy the Merger Play
Tesla is quietly becoming a diversified Musk empire stock — EVs, AI, and now space. If the 2027 merger thesis plays out, TSLA could re-rate significantly higher as the market prices in SpaceX's valuation.
📌 Action: Add or accumulate $TSLA ( ▲ 0.14% ) on dips as a long-term hold. You're not just buying a car company anymore — you're buying a stake in a potential SpaceX-Tesla-xAI supercorp.
2. Get SpaceX Exposure Now, Before the IPO Hype
Retail investors can't buy SpaceX directly yet — but they can get indirect exposure through funds that hold pre-IPO SpaceX shares.
📌 Action: Look at $SPCX ( ▼ 0.18% ) (the SpaceX-focused ETF) as a way to front-run the IPO hype. When the SpaceX IPO officially lands, late money floods in. You want to already be sitting there.
3. Ride the AI Infrastructure Wave
The Terafab joint facility signals serious AI manufacturing scale. This is bullish for the picks-and-shovels plays — the companies supplying the chips, energy, and hardware behind Musk's AI empire.
📌 Action: Consider adding exposure to $NVDA ( ▼ 1.77% ) or an AI infrastructure ETF like $AIPI ( ▲ 0.9% ) as a complementary position. Musk's empire needs computing power — and someone has to sell him the shovels.
Uncle Sam Will Pay For Your AI 💰
The Trump administration is launching a new program to finance foreign purchases of U.S. AI tools. Think of it as a buy-now-pay-later scheme for allies who want American tech but need a little help with the bill.
The U.S. Export-Import Bank is expected to approve the plan.
Here's how the money flows:
Medium-term deals get insurance and loan guarantees
Long-term deals get direct loans and loan guarantees
Every deal involving sensitive tech (think Nvidia chips) needs a Commerce Department sign-off first
The program is called the ExportAI Initiative, and it's the follow-through on an executive order Trump signed last July.
The goal is pretty straightforward: make it cheaper and easier for foreign companies to buy American AI instead of Chinese AI.
No word yet on which countries or companies get first dibs. But the message from Washington is clear: if you're going to build out AI infrastructure, Uncle Sam wants to be your lender of choice.
It's less "America First" and more "America Finances."
TL;DR
The Trump administration is launching the ExportAI Initiative to finance foreign purchases of U.S. AI tools
The U.S. Export-Import Bank is backing it with insurance, loan guarantees, and direct loans
Deals involving sensitive tech like Nvidia chips need Commerce Department approval before financing kicks in
The program follows an executive order Trump signed in July 2025
The move is a direct play to keep U.S. AI ahead of China on the global stage
No confirmed list yet of which countries or companies will benefit