Wall Street Soars, Midterms Shake Up AI Race, Prediction Markets Win | Diet TBPN
John Coogan and Jordi Hays react to the 2026 midterms, where Democrats took Congress, and how the results hit markets, AI data center buildouts, prediction markets, and a gloomy hedge fund letter.
The gist
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The hosts say markets rallied on relief that results were accepted, with the Dow up 3% and the Nasdaq up 1.88%.
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Coogan cites Kalshi at 95% accuracy when polls opened and 81% three months out, versus 77% for the Vote Hub average.
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Data center moratoria went 43 to 1, and Ben Thompson argues hyperscalers win while neo clouds, short on credit and permits, struggle.
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Thompson calls Nvidia a short-term loser, but says capped power could push buyers toward the most efficient chips, and China could gain.
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Elliott Investment Management warns of FOGO, fear of getting obliterated, after gaining under 2% this year versus about 13% for the S&P 500.
Also mentioned
1:04
ChatGPT
· "This was confusing to a lot of folks in our audience. So, I went over to ChatGPT and tried to figure out..."
6:26
Prediction
· "You can just see like 99% chance that this person is going to win, and I think PredictIt called every..."
19:37
Panthalassa
· "Panthalassa, remember that company? Ocean data centers. We got to cultivate ocean power. I love that..."
20:10
Starship
· "The SpaceX team seems like they're firing on all cylinders. Starship, they're going to try and catch it on..."
27:12
Tesla Roadster
· "The company's order book now reaches into 2028. That's Tesla Roadster competition territory, because the..."
28:00
Ferrari F80
· "Deliveries of our F80 supercar and personalizations led by the Ferrari 296 Speciale family support our..."
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