MAR U.S. 🇺🇸 INFLATION DATA:

- CPI 3.3% YoY, (Est. 3.4%)

- CPI 0.9% MoM, (Est. 0.9%)

- Core CPI 2.6% YoY, (Est. 2.7%)

- Core CPI 0.2% MoM, (Est. 0.3%)

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There’s only 2 realistic scenarios:

1) Talks are “good” and they made “progress” but nothing conclusive.

- Perfect sell the news event dumping into fresh liquidity

2) Talks are actually somehow bad. This delegation is led by couch lover himself, would you really be surprised if he does something incredibly stupid? Or maybe Iran is adamant about Israel backing off Lebanon and the US can't give them what they want. Or any of the other points of contention.

Of the many unrealistic scenarios, US and Iran signing a deal with them sharing tolls on the strait is my favorite. Lmk what yours is

Either way we’re going down. Nothing like ur whole port expiring over the weekend :)

456x QQQ 607P 4/13

Bessent, Powell Summon Bank CEOs to Urgent Meeting Over Anthropic's New AI Model - Bloomberg

Powell, Bessent flag systemic risk from advanced AI models | investingLive

Article below: Obvious plays seem like anything Anthropic related ( Chips & clouds), $AMZN $GOOG +20% from here imo.

_______________________________________________________________________________

US regulators convene major banks over AI-driven cyber risks, highlighting growing concern over systemic vulnerabilities.

Info via Bloomberg (gated).

Summary:

• US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held urgent meeting with major banks
• Focus: cyber risks tied to advanced AI model “Mythos”
• Model reportedly capable of identifying and exploiting system vulnerabilities
• Regulators see AI-driven cyber threats as a top financial stability risk
• Systemically important banks urged to strengthen defences
• Controlled rollout via “Project Glasswing” to limit risk exposure
• Highlights emerging intersection of AI capability and systemic financial risk

US financial authorities have moved swiftly to address a growing threat at the intersection of artificial intelligence and financial stability, convening an urgent meeting with major Wall Street banks to assess emerging cyber risks.

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell brought together senior executives from the largest US banks in Washington this week, underscoring the seriousness with which regulators are treating the issue. The focus of the discussions was a new generation of AI systems, particularly a model known as “Mythos,” which is believed to possess advanced capabilities in identifying and exploiting vulnerabilities across widely used software and infrastructure.

The meeting, organised at short notice, reflects rising concern that increasingly sophisticated AI tools could materially alter the cyber threat landscape. Regulators are worried that such systems, if misused, could enable more effective and scalable attacks on financial institutions, raising the risk of systemic disruption.

All banks involved in the discussions are considered systemically important, meaning any compromise of their systems could have far-reaching implications for the broader financial system. By bringing these institutions together, policymakers appear to be aiming for a coordinated and pre-emptive response rather than reacting after vulnerabilities are exploited.

The concerns are not purely theoretical. The developers of the model have themselves acknowledged both its offensive and defensive cyber capabilities, and have taken steps to limit its release. Access has initially been restricted to a small group of major technology and financial firms as part of a controlled rollout designed to strengthen system resilience ahead of wider deployment.

This initiative, referred to as “Project Glasswing,” is intended to ensure that critical infrastructure is hardened before similar technologies become more broadly available. It reflects a growing recognition that advances in AI are not just productivity-enhancing, but also introduce new classes of risk.

The issue also intersects with broader tensions between the technology sector and policymakers. The company behind the model is reportedly engaged in a legal dispute with US authorities over its classification as a supply-chain risk, highlighting the complex regulatory environment surrounding cutting-edge AI development.

Overall, the episode signals a shift in regulatory focus. Cybersecurity risks driven by AI are increasingly being treated not just as operational concerns, but as potential threats to financial stability itself.

Currently 1000% gains. I hope you're proud Nana.

https://www.timothysykes.com/news/intuitive-machines-inc-lunr-news-2026_04_10/

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I don’t even know what I’m doing 🦍

No way I was holding this gain over the weekend though

About the same time as the Space X IPO . Download speed projected to by 4x more than Starlink . News link for reference : https://www.engadget.com/big-tech/amazons-satellite-internet-service-is-scheduled-for-mid-2026-availability-164046305.html .

TL;DR: I used Claude Code to do my 2024 and 2025 federal + state taxes. It worked. It cost ~$0 and took 0 clicks through their stupid wizard.

Now I'm short $100k INTU

---
Last week I pointed Claude at my tax folder and said the magic words “do my taxes”

It nailed it. Read my W-2s, 1099s, 1040’s, 8949 and my schedule D. Downloaded the tax forms directly from papa IRS, asked me a few questions about how much agriculture income I’ve had this year (none) and if I’ve finally upgraded from single filing status (nope).

It even carried over the massive losses I’ve accrued listening to this sub the past 5 years.

Federal and State DONE in 15 minutes.

Just to check I ran the same thing through TurboTax to compare (but didn’t pay them) SAME RESULT.

Then I had it write a “skill” so anyone on the internet can do the same thing for free.

This is NOT vibe coding. It’s not even vibe prompting. It’s vibe asking nicely.

Back to TurboTax and $INTU. Here’s the DD:

Actually, first the vendettas. These guys suck. Every year the same thing--

Me: How much? Tell me I’ll pay because I’m a law-abiding guy

IRS: We won’t tell you unless you get them wrong. Sucker. Oh and you gotta pay TurboTax for the privilege of clicking through their stupid form for 2 hours.

You’ve heard the stories about Intuit- they spent $46M in federal lobbying to make taxes more complex. Killed IRS Direct File which would have actually been free and easy.

My favorite is their “Free” product which is free in name only. It’s free as in beer that you pay for.

2024 FTC found them guilty of deceptive advertising- Intuit “engaged in deceptive activities to depict TurboTax as free, even though it was simply untrue.”

$141M settlement for steering 4.4 million low-income customers who were eligible for free filing into paying for TurboTax. Many had incomes under $34,000.

Now for a sliver of actual DD:

TurboTax and ProTax are 29% of Intuit’s revenue with QuickBooks 59%. Stock is down 50% since the peak at $785 in late 2025 on AI fears.

So it’s priced in right? No shot. Stock is at the same price as the 2022 market trough. So we’re at “economy seems bad” valuation not “no one needs our product because AI” valuation.

Let’s look at those comps:

- Shutterstock - Down 88%

- Getty - Down 98%

- Chegg (homework help) - Down 99.2%

Compare to $INTU @ a modest 80% drop from peak would be $157, down from $420 before this week. We’ve got a ways to go.

Bulls will say

What about QuickBooks? QuickBooks is safe for another year. Maybe with AI taking all the jobs, we’ll start more businesses that use QuickBooks. More influencers and coursebois yay. But TurboTax is cooked. Maybe the revenue sticks around this year, but it’s going down the drain next year and the market will know before Q1 earnings. They’re gonna know.

But they just signed deals with Anthropic and OpenAI. These are a joke. The OAI "partnership" is Intuit paying OpenAI $100M to put them in ChatGPT as a widget. TurboTax is paying OAI for the privilege of eating their lunch.

But you can’t eFile This is the only legitimate issue standing in the way of toppling $INTU. Intuit has successfully lobbied against letting joes like you and me eFiling our taxes. So if you use Claude, you gotta mail the forms. Maybe by next year another filing service will let us AI eFile through them. Hell maybe this year. Until then, I’m stealing paper and stamps from work.

But TurboTax Live is growing at 47% YoY! Yes, TurboTax live — where you can chat with a human who will type your questions into Claude — is fully 11% of all of $INTU revenue at $2B. This product has Chegg written all over it.

How can I do my taxes?

1/ Download Claude Desktop

2/ Put your tax stuff in a folder. If you include last year’s return it’ll remind you of all the accounts you used last year

3/ Tell Claude Code or Claude Cowork “Do my taxes." It'll work.

The pure play Ai fraud prevention and deepfake detector. Thanks to Ai this old name has just seen their TAM increase 50 fold.

Jloc on twitter for people who missed the fun. 0dte Yolo got him from $300 to $300,000 now to $10,000.