Dave opened the show with the wild tale of 12 tons of KitKats stolen in transit from Italy to Poland. NatNat called it bear market vibes and prayed it meant 12 tons. Kool found the story odd and said it went viral because nobody has heard of stealing that much candy before.
Dave highlighted the Department of Labor proposal to open ten trillion dollars in 401k plans to crypto and alternative assets after a Trump executive order. NatNat noted it starts a sixty day public comment period and follows moves on private equity and real estate. Kool said the idea has floated for a year and some firms already offer it but wants it to become law.
0:15:07BlackRock CIO on Fed rate cuts
Kool said the global economy collapses above 100 dollars for weeks or months and shared stories of tripled plane tickets and fuel shortages causing lockdowns. NatNat pointed to USDJPY weakness and Japan considering oil futures to strengthen the yen ahead of a potential pullback.
0:21:53$149-150 target
0:27:27Polymarket, crude to $130 by end of June
Dave reported the crypto fear and greed index stuck at eight for fifty nine days straight with many altcoins down massively. Kool eyed Murad meme coin picks on CoinGecko saying their combined market cap fell from fifteen billion to three hundred million. NatNat disagreed at first but then agreed meme coins could return as money rotates from prediction markets and zero DTE trades once one goes crazy.
0:41:33UFC announcer error, VPN firing
Kantorcodes said the Clarity Act will let real companies ship tokens after the SEC sorts securities versus commodities and many builders have waited a decade. Dave joked about Kantorcodes sounding like he got hit by a car mid sentence in New York traffic. Kool called Elizabeth Warren a scammer for questioning MrBeast crypto plans after his banking app purchase.
Kkoma recalled stealing thick Honda Civic H emblems with a credit card to put on school binders. Dave shared ripping Mercedes emblems off cars with friends and getting caught by his little sister who showed their dad the drawer full. NatNat told of getting chased by a mongoose in her backyard and a speaker described a group football play tactic to steal emblems safely.
“Regarding recent press coverage, official statement, we can confirm that. Now, Natalie, I need... And, Cole, I need your take on this. It said 12 and then with the letter t. 12 t of KitKat products were stolen while in transit between our factory in Central Italy and their destination in Poland. We are working…”
Dave0:05:20Share on X
“My target on oil is $1.49, $1.50. So it's not it's not, yeah. It's not out of the... Out of pocket if it ends up going a little higher. Right? I do think it is going to pull back first. So same as silver, that pull back before the next leg up, I think oil is gonna do the same thing, pull back before the leg up. I can…”
NatNat0:21:53Share on X
“We... There's a... If if we do hit that one fifty and stay around that range, right, so above 100, there's trouble. Right? But if we hit one fifty and we stay there and we start consolidating there, the chances of a deep recession becomes greater.”
“Right? So what the prime minister came out and said last week was they are looking into different things to help strengthen the yen, and one of them in particular was shorting oil futures. Right? So they do probably foresee some kind of a pullback. Right? Whether they're going to do it or not, that remains to be…”
“Same money that goes into the prediction market, same money that does the whole zero DTE thing on the equity side. It is the same PGNs that are going to just rotate back into the meme coin sector. All we need is just one meme coin to go crazy, and then all the others will ...”
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