Nasdaq Shrugs Off 5% Yields to Hit Records, Gold Holds 4322 | Trump TACOs, Oil Falls — the Textbook Fails Again

The textbook says sell tech — the Nasdaq hits records

After the hike, Treasury yields hit 5% and the traditional textbook tells you to sell tech; instead the Nasdaq charged back near all-time highs tonight. Big V's line all along: don't let the market scare you — the world is playing by a set of new financial rules. The old book that says "dollar up means gold must fall" doesn't work today — it's like reading a 30-year-old book to navigate investing in 2026.

Judge the company's quality — don't scare yourself with a chart

In a high-rate era you look at the quality of the business, its funding costs, and whether its earnings cover the interest on what it borrows — which means you need to read financial statements. Panicking because something dropped a lot short term is a trading style that doesn't fit this show — this is about macro and the long run. The AI and robotics behind US tech (hospitals already use robots for surgery) are profitable to an absurd degree; this AI wave isn't the 2003-style dot-com bubble.

“Go with how the money votes — the market is never wrong.”「順應返市場啲錢投票，因為投資市場永遠唔會錯嘅」The only thing that's wrong is our own read | 49:17 original clip

Pricing power: stop using the 2018 and 2020 playbook

High oil prices push up airlines' operating costs, and in the end the customer pays — fares go up. But industries with pricing power (AI models, chips) just pass the increase on to you, so they're barely hurt. That's why you can't keep using the "rate hikes mean every risk asset blows up" script. The dollar can no longer dominate every asset either: prices of essential metals and industrial raw materials are already through the roof.

Oil falls: TACO plus US–China talks, but supply isn't fixed

Oil got smashed tonight because Donald Trump TACO'd again — Big V says Trump chickening out is as routine as eating dinner — and with the US and China meeting again, the mood improved. But US retail gasoline prices, the Strategic Petroleum Reserve and Russia's refinery problems are all still there, and the US needs oil prices under control ahead of the midterms. Capacity is falling, so even at 100-something countries will fight for barrels — you can buy gold a year or so later, but you can't go without oil.

Copper and silver: hard demand from physical AI infrastructure

It's not only tech stocks that benefit from AI: every AI base station and piece of physical infrastructure needs huge amounts of metal, which is why copper and silver have demand — and the market has already voted with prices. Countries vote with money too — Poland, for example, sharply increased its gold reserves in a short time. The 10-year yield is moving in a narrow range; tech will be choppy short term, but don't get the direction wrong.

No leverage, and don't blindly follow the experts

Take Korean stocks: lots of people ran 2x, 3x, even 5x leverage and blew up on the first drop. Big V shared that he once tried shorting the Dow against the trend himself; the lesson is don't blindly obey so-called experts — think for yourself. The back half covers how he uses AI for research, robots that execute tasks automatically (token fees even maxed out a credit card), and how AI has massively sped up learning.

“Investing isn't supposed to keep you fucking awake at night.”「投資唔係要做撚到你自己瞓唔著覺」Size your positions so you can still eat and sleep | 1:05:13 original clip