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Jesse Felder

@jessefelder.bsky.social

2K followers 83 following 2.9K posts

Founder and editor of The Felder Report and host of the Superinvestors and the Art of Worldly Wisdom podcast.

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Jesse Felder @jessefelder.bsky.social · 5d

NEW POST: How Do You Measure A Bubble? thefelderreport.com/2025/10/04/h...

How Do You Measure A Bubble?

Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. PODCAST Ho...

thefelderreport.com

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Jesse Felder @jessefelder.bsky.social · 11h

Bloomberg: Why Gold’s Flight Is Just Getting Started www.bloomberg.com/news/newslet...

Why Gold’s Ascent May Be Just Getting Started

“To touch gold is the closest you will ever come to touching eternity.”

www.bloomberg.com

Jesse Felder @jessefelder.bsky.social · 11h

At this rate, the price of gold could soar to $10,000 per ounce in just three years fortune.com/2025/10/11/g...

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Jesse Felder @jessefelder.bsky.social · 11h

‘Gold prices are behaving like we’re on the brink of a financial crisis.‘ www.nytimes.com/2025/10/11/b...

Searching for Meaning in the Gold Rally

www.nytimes.com

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Jesse Felder @jessefelder.bsky.social · 11h

‘The engineers that spurn AI tools argue that even at their best, AI coding tools are prone to introducing bugs, which take time to catch and correct. Inexperienced engineers are less likely to catch those errors, which can lead to system breakdowns.’ www.theinformation.com/articles/ris...

Rise of the Cursor Resistance: Why Some Techies Want to Ignore AI Coding Tools

Over the summer, two software engineers at Mixus, a San Francisco–based artificial intelligence startup, staged a bit of a rebellion by refusing to follow instructions to rely heavily on Cursor or any...

www.theinformation.com

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Jesse Felder @jessefelder.bsky.social · 11h

‘OpenAI has woven a growing web of financial dependencies across the AI world. In the process, it could be helping to create a new level of systemic risk in an industry that may already have entered bubble territory.‘ www.ft.com/content/4e39...

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Jesse Felder @jessefelder.bsky.social · 12h

‘It is akin to taking out nine mortgages against your house, with the lenders all blissfully unaware that eight other banks also have a claim on the property.’ www.ft.com/content/dfb3...

First Brands Group: dude, where’s my cash?

Cleveland, we have a problem

www.ft.com

Jesse Felder @jessefelder.bsky.social · 12h

‘Unbeknown to most, the company raised billions through off-balance-sheet financing, especially through a form of borrowing against money it is owed by customers such as AutoZone. As the shaky finances came into focus this year, James’s backers pulled the plug.‘ www.wsj.com/business/fir...

Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO

Patrick James started out buying small Ohio factories and ended atop a messy auto-parts conglomerate with piles of hidden debt.

www.wsj.com

Jesse Felder @jessefelder.bsky.social · 12h

‘There’s no modern-day equivalent of the Hunt brothers trying to corner the market today. But the chaos of the past two days bears many similarities with the 1980 squeeze, and in some ways is even more extreme.’ www.bloomberg.com/news/article...

Silver Traders Rush Bars to London as Historic Squeeze Rocks Market

The London silver market has been thrown into turmoil by a massive short squeeze, driving prices above $50 an ounce for only the second time in history and stirring memories of the billionaire Hunt br...

www.bloomberg.com

Jesse Felder @jessefelder.bsky.social · 12h

‘Among Americans with incomes between $30,000 and $80,000, 54% now have taxable investment accounts. Half of those investors have entered the market in the last five years.’ www.wsj.com/personal-fin...

More Working-Class Americans Than Ever Are Investing in the Stock Market

For the first time, a majority of low earners have an investment account, and more than half of those new investors entered the markets in the past five years.

www.wsj.com

Jesse Felder @jessefelder.bsky.social · 12h

‘Healthcare insiders have been busily buying up stocks in their employers.’ www.chartstorm.info/p/weekly-s-a... via @topdowncharts.bsky.social

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Jesse Felder @jessefelder.bsky.social · 16h

The Bank of Japan's dilemma: falling real wages but
elevated inflation ep.ft.com/permalink/em...

Jesse Felder @jessefelder.bsky.social · 16h

“Big gold gain + big oil loss = historical anomaly.“ www.dailychartbook.com/p/778 via @dailychartbook.bsky.social @mikezaccardi.bsky.social

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Jesse Felder @jessefelder.bsky.social · 1d

‘Aluminum’s surplus is set to swing to a deficit. Analysts at Citi expect a rapid decline in the global surplus of primary aluminum through 2026, and then a deficit of about 1.4 million tons, representing about 2% of primary consumption, starting in 2027.’ www.wsj.com/finance/comm...

Aluminum Could Become the Next Copper

Demand is set to be boosted by electrification, while supply is constrained by rising power needs.

www.wsj.com

Jesse Felder @jessefelder.bsky.social · 1d

‘There’s growing doubt that firms are getting what they pay for when it comes to artificial intelligence, the latest Markets Pulse survey showed. That’s adding to concerns the $16 trillion rally from the brink of a bear market is nearing its breaking point.’ www.bloomberg.com/news/article...

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Jesse Felder @jessefelder.bsky.social · 1d

‘Debt investors are growing more concerned about companies that are at risk of becoming obsolete because of artificial intelligence, making it harder for some corporations to raise money.’ www.bloomberg.com/news/article...

Debt Investors Grow Warier of Companies Getting Hit by AI

Debt investors are growing more concerned about companies that are at risk of becoming obsolete because of artificial intelligence, making it harder for some corporations to raise money.

www.bloomberg.com

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Jesse Felder @jessefelder.bsky.social · 1d

‘Including CoreWeave, seven of the top 10 insider sellers in the third quarter came from companies making money from artificial intelligence, Washington Service data show.‘ www.bloomberg.com/news/article...

CoreWeave Insiders Sold $1 Billion Post-IPO as AI Rich Cash Out

Leaders at AI computing company CoreWeave Inc. sold shares worth more than $1 billion after a lockup on the stock lifted in mid-August, putting them among the top 10 individual insider sellers of the ...

www.bloomberg.com

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Jesse Felder @jessefelder.bsky.social · 1d

‘“These rare-earth minerals and the ability to refine them are just the basis of modern civilization,” said Dean Ball. He added that the rules could cause a U.S. recession if implemented aggressively because of how important AI capital spending is to the economy.’ www.wsj.com/world/china/...

China’s Rare-Earth Escalation Threatens Trade Talks—and the Global Economy

President Trump says the administration is weighing a U.S. response to Beijing’s newest restrictions.

www.wsj.com

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Jesse Felder @jessefelder.bsky.social · 1d

‘Festering global conflicts and wealth inequality are creating “plenty to worry about,” he said. Asked if another World War is imminent, Dalio said a “civil war of some sort” is developing in the US and other parts of the world with “irreconcilable differences.”’ www.bloomberg.com/news/article...

Ray Dalio Warns of Soaring Debt and ‘Civil War’ Brewing in US

Bridgewater founder Ray Dalio reiterated warnings that US government debt is rising too quickly, fueling a climate analogous to the years before World War II.

www.bloomberg.com

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Jesse Felder @jessefelder.bsky.social · 1d

‘OpenAI may very well be the hottest start-up of all time but a trillion dollars is, to put it succinctly, nuts. It’s roughly 3.4% of 2024 U.S. GDP and about a quarter of all nonresidential private investment.’ www.barrons.com/articles/ai-...

Is This an AI Bubble? OpenAI’s Spending Offers Clues

OpenAI and its partners have promised to spend $1 trillion on AI. The stock market is counting on it.

www.barrons.com

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Jesse Felder @jessefelder.bsky.social · 1d

‘More are falling behind on their auto loans, signaling that lower-income consumers are struggling to afford payments as wages stagnate and unemployment ticks higher. The portion of subprime auto loans that are >60 days overdue hit a record of more than 6% this year.’ www.wsj.com/business/aut...

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Jesse Felder @jessefelder.bsky.social · 1d

‘It is disappearingly rare for the Federal Reserve to be cutting rates while profits are growing. In every other case going back almost four decades, the Fed always began cutting with corporate earnings on the decline.‘ www.ft.com/content/7fe5... by @robarmstrong.bsky.social

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Jesse Felder @jessefelder.bsky.social · 1d

‘Problems for stock prices tend to become much more immediate when there is a divergence between stock prices and this Treasury-Bund spread, and that is the condition we are seeing now.‘ www.mcoscillator.com/learning_cen...

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Jesse Felder @jessefelder.bsky.social · 1d

A good deal of this could be create to lend: bsky.app/profile/jess...

Jesse Felder @jessefelder.bsky.social · 2d

‘There was a sharp increase in the short interest of the largest leveraged inverse ETFs in the weeks after Liberation Day, which remains high today. The unwinding of these positions would only intensify a rise in volatility and selloff in stocks.’ blinks.bloomberg.com/news/stories...

Reposted by Jesse Felder

Mark Ungewitter @mark-ungewitter.bsky.social · 2d

Unusually high GLD volume is associated with tops or pre-tops. Don't shoot the messenger.

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Jesse Felder @jessefelder.bsky.social · 2d

Very kind of you. Thanks so much.