To The Moon

Nike’s chart is reading like a well-worn playbook — but with a twist that could make or break the next move. The position cost distribution tells a story of dominance: a staggering 91.52% of holders are in profit, with the average cost sitting comfortably at $70.65 against the current $79 handle. Support is stacked deep at $74.25, giving bulls a sturdy floor. But the purple “pressure” band at $76.35 hints that, while profit-takers haven’t shown their hand yet, the temptation grows with each uptick. Valuation, though, is where the plot thickens. Nike’s P/E multiples have steadily compressed over the past year — the top end of the band collapsing from the 30s into the high teens. Price, meanwhile, has clawed back from its spring lows, wedged between the mid-range and the next valuation ceili

The announcement came with little warning but long-simmering intent: a sweeping 50% tariff on all Indian imports into the United States, triggered by New Delhi’s continued consumption of Russian crude oil. On paper, it’s trade policy. In practice, it’s geopolitical retaliation. Since the early days of the Ukraine invasion, Washington has sought to curtail Russia’s wartime revenue by isolating its energy exports. Europe complied. China resisted. India, uniquely positioned between the two, remained neutral—but pragmatic. With steep discounts on Russian Urals crude, India saw an opportunity to shield itself from global energy volatility. For the U.S., that neutrality has finally crossed a line. U.S. frustration over India’s Russian oil purchases has been simmering for months. Now, Trump’s cam

It’s easy to make money when the crowd is running in one direction. It’s harder to know when the music stops. Markets right now are riding a high: AI, chip stocks, and mega-cap tech have pulled indexes to fresh highs. But under the hood, the signs are classic late-cycle. Volatility is suppressed, breadth is narrowing, and retail sentiment is stretched. We’re in “trigger mode”—buying on alerts, not analysis. The irony? Even the AI models driving flows are learning from each other. That creates feedback loops—until a small tremor turns into a stampede. As Nvidia’s P/E pushes 70 and forward earnings cool, we’re no longer trading value—we’re trading emotion. Look at history: in 2021, the market priced in a decade of digitisation in 12 months. It didn’t end well. Now, we’re pricing in a decade