Category: Daily Diary

Margin debt is surging into territory that has some investors on edge, firmly in what many would call the danger zone. For now, however, margin debt expansion supports the momentum upside, but any reversal will also fuel the sell-off. It's a double-edged sword that cuts the… pic.twitter.com/0gImirAhMm

— Lance Roberts (@LanceRoberts) May 21, 2026

The inflation-adjusted economy looks a lot weaker than the headline numbers suggest.

Since January 2020, retail sales in current dollars are up nearly 50%.

But after adjusting for inflation, real retail sales are up only about 15%.

A huge portion of the “growth” consumers are… pic.twitter.com/pwmJiV6PrD

— TreasuryBonds.com (@TreasuryBonds1) May 21, 2026

Hyperscalers will end up funding their own nuclear plants out of pure desperation. You can't run a trillion dollars of next-generation compute on a transmission grid built during the Eisenhower administration

— Macro Alpha (@MacroAlphaHQ) May 21, 2026

600kW per rack by 2027 on a grid where the average US data center draws 20-30MW total. Vera Rubin Ultra at scale means a single hyperscaler cluster could draw more power than a mid-sized city. The grid infrastructure to support this doesn’t exist and can’t be permitted fast…

— Silent Fill (@Silent_fill0) May 21, 2026

Major tech companies began restricting internal AI compute resources this week for employees. I expect similar behavior across the corporate world, which will temporarily cap demand – thus demand on electricity and compute resources. Also, summer is approaching, when energy…

— Andrew G. Huff, Ph.D., M.S. (@AGHuff) May 21, 2026

Everyone is focusing on the soaring memory cost in the Vera Rubin rack. Here is the real shocker.

US power grid can barely keep up with the current setup. pic.twitter.com/OeUlvJag5Q

— zerohedge (@zerohedge) May 21, 2026

Nasdaq just triggered 8 Hindenburg Omen and Titanic Syndrome warnings in 3 weeks.

When the 3-week warning count reached 8+, Nasdaq annualized returns averaged -24%.

Price keeps pushing higher. So do the warnings.

Read full analysis:https://t.co/iJUI9CJyKS pic.twitter.com/kwQ3f8aEt4

— SentimenTrader (@sentimentrader) May 21, 2026