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The 30-year Treasury yield hits a near 20-year high… What higher yields mean for stocks… Kevin Warsh’s first test… Homebuilders still aren’t feeling great… What folks are missing… Get ready for volatility later this week…
That didn’t take long…
Yesterday, we wrote about rising bond yields – both in the U.S. and globally. And we cited our colleague and Ten Stock Trader editor Greg Diamond, who said that the 5.15% level for the 30-year U.S. Treasury was a key level to watch.
And just a day later, we’ve already breached that level…
Today, the yield on the 30-year Treasury rose to 5.18%, hitting the highest level since July 2007. At this level, Greg predicts a “floodgate of bond selling” – which will push yields even higher.
We’re already seeing that from foreign governments…
In data released by the Treasury Department, China reduced its Treasury holdings for the eighth time in the past 12 months to the lowest level since 2008. And Japan reduced its holdings of U.S. government debt to the lowest level since September.
China and Japan are two of the three largest holders of U.S. government debt. And they’re both reducing their positions.
All in all, rising yields tend to be bad news for stocks…
As Willie Delwiche of Hi Mount Research showed in a recent Substack post, stocks tend to underperform in environments when yields are rising. Here’s a look…
Delwiche shared that over the past quarter-century, the S&P 500 Index has an average annual return of negative 3.6% when yields rose in the previous six-month period.
That’s well below the S&P 500 in all periods. And when yields were falling over the previous six-month period, the index did better still… averaging a 14.6% annualized return.
Said another way, if you invested $100 in the S&P 500 at the close on December 31, 1999, you’d have more than $400 today. And if you’d only bought and held when yields were falling, you’d have a little more.
But if you only bought and held during rising-rate environments, you’d have lostmoney.
At the end of the day, if rates keep rising, that’ll be a hard headwind for this bull market to overcome.
That’s what we saw today… All three major U.S. indexes were lower, with the Nasdaq Composite Index falling the most because of the technology sector’s sensitivity to interest rates.
Kevin Warsh’s first test…
Warsh is set to be sworn in as the new chairman of the Federal Reserve on Friday. That will give him a little more than three weeks before his first policy meeting in June.
The market doesn’t expect the Fed to move rates in Warsh’s first meeting… or even until December, according to the CME FedWatch tool.
But that doesn’t mean the next few months will be smooth sailing.
As Delwiche highlighted, “Markets tend to test new Fed chairs.” Within the first six months of a new Fed chair’s tenure, the Dow Jones Industrial Average has a median max drawdown of 10% and an average decline of 15%.
Delwiche also shared that the last three Fed chairs have all seen peak drawdowns of more than 6% during their first 12 months in their position. Outgoing Chair Jerome Powell saw stocks fall up to 19% within his first 12 months back in 2018.
And for Warsh, that clock begins ticking on Friday.
Moving on to sentiment in the housing market…
Yesterday, the National Association of Home Builders’ (“NAHB”) Housing Market Index showed that builders are still pessimistic about the housing market.
The Housing Market Index rose to 37, improving from 34 in April. But it remained below the key level of 50 where builders are feeling good about their prospects. And all three of the index’s components – current sales patterns, six-month sales expectations, and future buyer traffic – remain below the 50 level.
Zooming out, homebuilder sentiment is still around its lows over the past 10 years.
Elsewhere, home-improvement retailer Home Depot (HD) reported its first-quarter results this morning. Both revenue and earnings came in slightly ahead of Wall Street’s estimates. CEO Ted Decker said in the press release…
The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure.
Decker is likely glad the housing situation didn’t get worse… But Home Depot needs it to get better. As we wrote in the May 5 Digest…
Home Depot shares are down more than 8% this year and are 26% lower from their September high. The stock now sits near its lowest level in more than two years.
Today, Home Depot shares rose less than 1%, which remains within touching distance of that multiyear low.
But the next positive step for the housing market could be on the way…
In that same May 5 Digest, we noted that sales of newly built homes picked up in March. And today, the National Association of Realtors reported that pending home sales were up 1.4% in April from the prior month and rose 3.2% from April 2025.
Those are a couple small positives for the housing market. And there’s one more to watch…
As our colleague Brett Eversole wrote in the May 13 issue of True Wealth Systems Market Extremes, housing affordability has taken a turn for the better. From Brett…
Housing affordability is a combination of three numbers… income, mortgage rates, and home prices. When prices and mortgage rates soared, housing affordability crashed. You can see it in the chart below…
When housing affordability is at 100, it means the median income can afford the median-priced home. When it’s at 150, it means the median income can afford 1.5 times the median-priced home.
Now, homes cost a lot more than they did from about 2009 to 2020. But housing affordability is now back in line with its historical norms.
It is true that housing affordability crashed a few years ago, when the pandemic-era buying frenzy met with surging interest rates. But that’s no longer the case today. More from Brett…
The average housing-affordability level between 1986 and 2009 – before the aberration of the 2010s – was 125. That’s just barely above today’s level of 116.
In other words, compared with its normal history, U.S. housing is already back to a typical level of affordability. It simply isn’t true that no one’s able to afford a home.
Again, the affordability index isn’t only about home prices. Houses still cost a lot of money. But median incomes are now rising faster than median home prices, rather than the other way around.
When more people can afford a home, it’s a good sign the housing market will thaw. And if affordability continues trending in the right direction like Brett showed, that should release Home Depot and other housing stocks from their underperformance.
We’re set up for volatility over the rest of the week…
Tomorrow afternoon, the Fed will release the minutes from its April policy meeting. That’ll offer some insight into where the central bank’s voting members stand on the economy, and possibly give more reasoning from the “dissenters” on why they want to do away with the Fed’s most recent rate-cutting trajectory.
And after the close tomorrow, AI darling Nvidia (NVDA) releases its first-quarter earnings. Investors will be watching closely for clues on the AI ecosystem, as well as the company’s business in China – after CEO Jensen Huang traveled with President Donald Trump to the country last week.
Nvidia is the largest stock in the world by market cap, commanding an 8% weighting in the S&P 500 and a 14% weighting in the Nasdaq 100 Index. That alone will bring some volatility. As Greg wrote in an update to his Ten Stock Tradersubscribers today…
With this stock being one of the more important stocks in the world (if not the most important) we could certainly see some volatility in both directions.
If Nvidia reports another blowout quarter, the semiconductor industry’s red-hot rally since March could continue.
But if Nvidia’s report shows any cracks in the AI story – even something as small as a slower growth rate – it could bring on a wave of selling across the entire ecosystem.
That’s according to a former Goldman Sachs insider. And he says that right now – more than ever – your money needs to be in the right place at the right time. The good news? You don’t need to do anything clever or complicated. Just take these three simple steps before the AI bubble bursts. Get the full details here.
The Power Gauge has just flashed a crucial signal. For the first time in more than a year, Marc Chaikin is opening the doors to his No. 1 strategy for today’s market… and quietly revealing the next undervalued “hidden gems” poised to soar before Wall Street catches on. Click here to see what the Power Gauge just revealed.
New 52-week highs (as of 5/18/26): Atlas Energy Solutions (AESI), Alpha Architect 1-3 Month Box Fund (BOXX), Chord Energy (CHRD), Costco Wholesale (COST), Cisco Systems (CSCO), Datadog (DDOG), Enterprise Products Partners (EPD), Cambria Foreign Shareholder Yield Fund (FYLD), Monster Beverage (MNST), Plains All American Pipeline (PAA), Palo Alto Networks (PANW), Pembina Pipeline (PBA), Invesco Oil & Gas Services Fund (PXJ), Union Pacific (UNP), Valaris (VAL), and Valero Energy (VLO).
In today’s mailbag, feedback on yesterday’s Digest, where we noted the exuberance in AI and tech stocks right now… Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.
“I totally agree with you about the market being crazy overextended. People are NOT investing any more, they are gambling on hopeium!… And AI companies are spending like drunken sailors on capex! And everyone has FOMO! The same thing happened in 1929 and that didn’t end well either! A reasonable investor would look at this with [an unbiased] eye and take chips off the table. AKA know when to fold ’em!” – Subscriber Jon M.
All the best,
Nick Koziol Baltimore, Maryland May 19, 2026
Stansberry Research Top 10 Open Recommendations
Top 10 highest-returning open stock positions across all Stansberry Research portfolios. Returns represent the total return from the initial recommendation.InvestmentBuy DateReturnPublicationMSFT Microsoft11/11/101,390.6%Retirement MillionaireMSFT Microsoft02/10/121,367.5%Stansberry’s Investment AdvisoryGOOGL Alphabet12/15/16877.6%Retirement MillionaireADP Automatic Data Processing10/09/08855.2%Extreme ValueCIEN Ciena10/20/22836.3%Stansberry Innovations ReportBRK.B Berkshire Hathaway04/01/09779.5%Retirement MillionaireALS-T Altius Minerals03/26/09694.3%Extreme ValueWRB W.R. Berkley03/15/12639.2%Stansberry’s Investment AdvisorySII Sprott01/11/18597.9%Extreme ValueLITE Lumentum04/15/21567.4%Stansberry Innovations Report
Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio.
Top 10 Totals3Extreme ValueFerris3Retirement MillionaireDoc2Stansberry Innovations ReportEngel2Stansberry’s Investment AdvisoryPorter
Top 5 Crypto Capital Open Recommendations
Top 5 highest-returning open positions in the Crypto Capital model portfolioInvestmentBuy DateReturnPublicationBTC/USD Bitcoin11/27/181,947.5%Crypto CapitalWSTETH/USD Wrapped Staked Ethereum12/07/181,762.6%Crypto CapitalONE/USD Harmony12/16/191,006.6%Crypto CapitalPOL/USD Polygon02/26/21640.9%Crypto CapitalQRL/USD Quantum Resistant Ledger01/19/21432.3%Crypto Capital
Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it’s still a recommended buy today, you must be a subscriber and refer to the most recent portfolio.
Stansberry Research Hall of Fame
Top 10 all-time, highest-returning closed positions across all Stansberry portfoliosInvestmentDurationGainPublicationNvidia (NVDA)^*5.96 years1,466%Venture Tech.Microsoft (MSFT)^12.74 years1,185%Retirement MillionaireCiena (CIEN)^3.57 years1,183%Innovations ReportEngelInovio Pharma. (INO)^1.01 years1,139%Venture Tech.Rocket Lab (RKLB)^2.35 years1,034%Venture Tech.Seabridge Gold (SA)^4.20 years995%Sjug Conf.Lumentum (LITE)^5.09 years851%Innovations ReportEngelBerkshire Hathaway (BRK-B)^16.13 years800%Retirement MillionaireIntellia Therapeutics (NTLA)1.95 years775%Amer. MoonshotsRite Aid 8.5% bond4.97 years773%True Income
^ These gains occurred with a partial position in the respective stocks. * Editor Dave Lashmet closed the first leg of this Nvidia position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could’ve recorded a total weighted average gain of more than 600%.
Stansberry Research Crypto Hall of Fame
Top 5 highest-returning closed positions in the Crypto Capital model portfolioInvestmentDurationGainAnalystBand Protocol (BAND)0.31 years1,169%Crypto CapitalTerra (LUNA)0.41 years1,166%Crypto CapitalPolymesh (POLYX)3.84 years1,157%Crypto CapitalFrontier (FRONT)0.09 years979%Crypto CapitalBinance Coin (BNB)1.78 years963%Crypto Capital
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Monday’s alert opened at 3.55 and rallied to a high of 5.71 this afternoon, up +60% in just 2 days and closed today at 5.32, up +49%.
Congratulations to everyone who benefited from this move. May has been delivering multiple double-digit opportunities and we are not done yet.
Our biggest winners so far in May have reached gains of +78%, +60%, +50%, +35% & +23%.
We are continuing to monitor today’s alert for a sustainable breakout higher.
Now, get ready for what’s next.
We have a new NASDAQ alert coming tomorrow morning, Wednesday at 9:30 AM ET.
This company has a history of delivering sharp rallies and shows strong double-digit potential.
Plus, our new alert is in a very hot sector, supported by multiple recent developments.
Be ready tomorrow morning, Wednesday at 9:30 AM ET.
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URGENT- Expert Trader Announces NEW Public Initiative.
Stephen Prior, Publisher, Monument Traders Alliance
Dear Reader,
When Nate Bear recommended LMND on December 11, 2025, his triple confirmation indicated a “Fast Cash” trade… and sure enough $5,000 could’ve turned into $10,000 in 6 minutes…
When he recommended QBTS on May 8, 2025, his triple confirmation indicated a “Fast Cash” trade… and sure enough, $5,000 could’ve turned into as much as $11,500 in 2 hours…
And when he recommended META on February 2, 2024, his triple confirmation indicated a “Fast Cash” trade… and sure enough, those who listened could’ve turned $5,000 into $11,640 in only 18 minutes…
Here’s why I’m telling you this…
Nate has started a new project, one designed specifically to help everyday Americans target “fast cash” trades from the markets every week.
At any moment between now and Monday, Nate is issuing a brand-new “buy alert.”
He says this one might be the greatest set up he has seen in a long while!
But these trades target “fast cash” at breakneck speeds, so you must get prepared now…
Stephen Prior, Publisher Monument Traders Alliance
Monument Traders Alliance, LLC
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The 2026 IPO calendar is taking shape ‐ and it’s unusually concentrated.
Instead of a scattershot list of early‐stage hopefuls, the pipeline includes a handful of large private companies, each dominating a different segment of the economy.
At one end of the spectrum sits a global connectivity network. At another, the infrastructure powering enterprise AI.
There’s a digital finance platform generating margins that resemble software, not banking. And much more. And they all bring unique standout qualities to the table.
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Radar, a startup backed by American Eagle CEO Jay Schottenstein that helps retailers reduce theft, is now valued at over $1 billion.
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Managing Editor’s Note: We’re coming up quick on Jeff and Jason’s 2026 Stock Market Regime Change event…
Tomorrow at 8 p.m. ET, they’re sitting down to discuss the radical shift in the market that’s coming.
With these sorts of market shifts, history shows we may see top stocks displaced as a new investment theme emerges… and a new group of stocks will rise to take their place.
Jason has seen such regime changes play out before, back when he was a senior executive and partner on Wall Street. He saw firsthand the types of stocks that soar when the new investment narrative takes root.
And he’s got a way to help people get ahead of these moves. You can go here to sign up with one click to join them to hear all about the coming regime change and Jason’s strategy to play it…
It will trade on Nasdaq under the appropriate symbol SPCX.
I had been predicting for some time that the IPO would happen on June 9, a day with a meaningful astronomical event – a conjunction when Venus and Jupiter come within 1.5 degrees of one another.
They are the two brightest planets in the night sky and look like stars to most.
It’s the kind of quirky and celestial symbolic gesture that Musk has become known for.
As it turns out, it’s the roadshow that will begin around the time of the conjunction, not the IPO itself.
The roadshow is where SpaceX executives will spend days meeting with investment banks and institutional investors to pitch their IPO, determine exactly how much they are going to raise and with whom, and at what price.
One thing is certain… There couldn’t be any more excitement about what’s coming. I haven’t seen anything like it.
And the success of the wildly popular AI semiconductor company Cerebras Systems’ (CBRS) IPO on May 14 has only heightened the anticipation for what will absolutely be the largest IPO in history, both in terms of amount raised and valuation at the time of the SPCX IPO.
SpaceX is not only going to the moon… It’s also going to Mars.
And the stars are aligned.
Invest, Accelerate, Execute
With all the excitement about SpaceX, it’s hard not to think about the implications.
Demand is already through the roof for the SpaceX IPO, with institutional investors clamoring for massive stakes in the company.
BlackRock alone is considering a $10 billion position in SpaceX, just a single company.
I believe that SpaceX will raise at least $100 billion, and it will have demand for even more.
It doesn’t need the money to maintain its business. It wants the money to accelerate it.
And that means that SpaceX will literally define both the pace of growth and the size of the space economy, creating exponential growth opportunities for companies that partner with SpaceX for launch services, as well as those that supply SpaceX with technology and materials.
A good portion of the funds raised will be used to accelerate the mass production of the Super Heavy launch vehicle and the Starship.
The SpaceX Gigabay manufacturing facility – which is under construction right now in Starbase, Texas –will be capable of manufacturing 1,000 Starships a year. It will be completed well before the end of this year.
SpaceX isn’t just working towards regular launches of Starships, though.
It is working towards multiple Starship launches every day.
At this scale, repeatability, and reusability, launch costs to low Earth orbit (LEO) will drop to just $100 a kilogram.
This is what makes the SpaceX million AI data center satellite constellation economically feasible, and for that matter, competing constellations from Google and others.
And yes, SpaceX is already in talks to provide launch services to Google for its competing AI data center satellites.
Musk and SpaceX are unique from that perspective.
Rather than taking a myopic view and trying to box out the competition or abuse its near-monopoly position in launch services, SpaceX does the opposite.
It provides access to launch services at fair and reasonable prices that are the lowest in the industry.
On June 8, a move by Elon Musk could send a new group of stocks soaring. Jeff Brown’s colleague, Jason Bodner, has created a way to potentially spot these stocks right before they break out 86%, 213%, 367%, and even 911%, in a matter of weeks and months. No options. No high-risk penny stocks. Just buying and selling stocks through your existing brokerage account. Jeff and Jason are sharing the details tomorrow, May 20, at 8 p.m. ET – including the name of a top pick. Register instantly here. (When you click the link, your email address will automatically be added to the guest list.)
Everyone is talking about Elon Musk’s Space X IPO. CNBC even called it “the big market event of 2026.” But according to tech investing legend Jeff Brown, this is NOT about launching rockets to Mars, satellite internet, or anything you’ve heard from the media. It’s much bigger than that… Because this IPO is a key part of Elon Musk’s secret AI masterplan (click here to see the details).
Zero-Gravity Manufacturing
Musk believes that the most value comes not from abuse of power, but from expanding the size of the space economy as quickly as possible.
By democratizing access to space, it benefits not only SpaceX but the entire ecosystem, some of which it relies on for its own business.
And at just $100 a kilogram, even small, early-stage companies gain access to space, making their own businesses economically viable.
This has never been possible before.
A perfect example is Varda Space, a company that is only about six years old and has raised about $578 million to date.
Varda, for such an early-stage company, has already become the industry leader in space-based manufacturing.
This March, it launched its sixth manufacturing spacecraft to orbit on a SpaceX rideshare mission.
Source: X @SpaceX
If we look closely at the image above, the white circular object is actually Varda’s W-6 spacecraft, which was successfully deployed in orbit on March 30th.
The company has been iterating quickly, launching regular missions, and gearing up for large-scale manufacturing in space.
It may seem counterintuitive to do so, but materials and compounds can be manufactured in microgravity with levels of purity and quality that are simply impossible on Earth due to the effects of gravity.
The initial target products for space manufacturing are pharmaceutical compounds, fiber optic cables, and semiconductor materials.
These are all very high-value, high-impact sectors that will see improved efficacy and quality as a result of space-based manufacturing.
No Longer Just Proof of Concept
Varda has already successfully demonstrated crystallizing an HIV drug in orbit and safely returning it to Earth.
That was just a proof of concept, and one that can be easily replicated at scale.
This success led to a first-of-its-kind deal between Varda Space and pharmaceutical company United Therapeutics (UTHR) to manufacture formulations for the treatment of rare pulmonary diseases.
The goal is to leverage the advantages of microgravity in space to enhance the quality of therapeutic compounds, improving their stability and bioavailability.
The initial targets will be focused on those therapies for life-threatening pulmonary diseases.
If it costs $5,000 or $10,000 per kilogram to get a pharmaceutical manufacturing spacecraft into orbit, none of this makes any sense, though.
But at $200 or $100 per kilogram, the economics justify the investment to build an entirely new industry, space-based manufacturing.
And it’s all possible because of SpaceX and its Starship.
Everyone in the aerospace industry knows this. My Bleeding Edge readers, of course, have known this for years.
And now, so do venture capital and private equity investors.
This is why they have been investing billions of dollars in advance in companies that benefit from this once-in-a-generation moment.
Varda Space raised $250 million this January and is now worth $1.6 billion and growing quickly.
This will become an industry-defining company and a representation of what is possible in this new space economy.
Fittingly, just hours ago, Varda’s W-6 spacecraft successfully returned to Earth after its months-long mission in orbit.
Source: X @VardaSpace
There’s so much more to come.
So much more to look forward to.
It’s time for liftoff…
Jeff
P.S. Hi, Jeff’s managing editor here, again.
If you’re wondering how you can get positioned ahead of the big IPO day, you can go here to learn more about how you can prepare ahead of this historic IPO…
After all, there’s more than one way to make the most of this opportunity… and more than one company that stands to benefit from the incredible buildout of the space-based economy.
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The Lower-K consumer is falling behind… 5 trillion reasons why Wall Street hasn’t cared… what will spark the reckoning… watch growing anti-AI legislation… exactly when it all ends
Two weeks ago, the University of Michigan’s Consumer Sentiment Index sank to 48.2 – the lowest reading in the survey’s 74-year history.
That’s a lower consumer sentiment reading than during the Great Financial Crisis. Lower than the Dot-Com Crash. And lower than every recession in modern American history.
Meanwhile, last week, the AI semiconductor company Cerebras Systems went public at a $100 billion valuation after being 20 times oversubscribed.
Contrasting this massive IPO against the glum sentiment report, our technology expert Luke Lango, editor of Innovation Investor, put it plainly in his Daily Notes:
This [Cerebras IPO] is America Two. It has no idea America One exists.
He’s right.
But for AI investors, understanding why he’s right – and exactly when it’ll stop being true – is the most important portfolio question of the next three years.
In February 2016, Nvidia was trading at $2.51, split-adjusted. The name barely came up in investment circles. But my data had flagged something. A pattern the market hadn’t priced in yet. I sent my readers a single, clear recommendation. And anyone who acted could’ve got in on the biggest investment story of this decade. The company I’ve identified today is in the same position. Same pattern. Same kind of gap. And the window is open right now. I’m revealing it, down to the ticker, in a new free presentation. Click here now – before I’m forced to take it down.
America One: The diagnostics
Let’s start with the data…
Regular Digest readers are familiar with our K-shaped economy, where lower-income households face a fundamentally different financial reality than their asset-owning counterparts. That picture has gotten materially worse since we last covered it here.
According to the New York Fed’s quarterly household debt report, in Q4 2025, overall household debt delinquency rates hit 4.8% – the highest level since 2017. The stress is concentrated almost entirely in lower-income borrowers.
Meanwhile, the subprime auto market – one of the most reliable canaries in what we call the Lower-K economy – related to what Luke is calling “America One” – sounds a little quiet these days.
More than 6% of subprime auto loans are at least 60 days past due, the highest rate ever recorded in Fitch data going back to 1993. Vehicle repossessions hit 1.73 million last year, the most since 2009.
Meanwhile, a PYMNTS Intelligence survey from early 2026 found that need-driven paycheck-to-paycheck living has overtaken choice-driven for the first time – meaning financial pressure, not lifestyle, is now the dominant explanation.
This is not a soft patch – it’s a structural squeeze.
America Two: Why Wall Street is largely unbothered
Here’s where most coverage of the K-shaped economy goes wrong…
The typical framing is that Wall Street is ignoring the Lower-K data. That’s not quite right.
The more accurate read is that Wall Street is accurately pricing an economy in which the Lower-K consumer has become structurally less relevant to corporate earnings. It’s less “callousness” and more “arithmetic.”
The AI multi-billion-dollar capex loop that I highlight regularly – the engine powering the Upper-K/“America Two” economy – doesn’t run through a fast-food customer or a subprime auto borrower. It runs through enterprise contracts, sovereign AI deals, and hyperscaler balance sheets.
So, what’s the status of that tsunami of money flow?
Bloomberg Intelligence projects cumulative AI capex of $5 trillion over five years. For context, that’s more than the entire GDP of the United Kingdom.
Back to Luke:
The AI economy has achieved a complete structural decoupling from the consumer economy. The Iran War didn’t slow it. The all-time low consumer sentiment doesn’t slow it.
The only economic variable that affects the AI buildout is whether Nvidia can manufacture enough chips and whether the grid can supply enough power.
Everything else is noise.
So, for now, if your portfolio is positioned in the right layer of the AI trade, this flagging Lower-K/ “America One” is largely just background noise.
But the thing about structural decouplings is that they don’t last forever. History suggests that economic equilibria that become this far out of balance don’t stay that way.
And what brings that back into alignment isn’t always markets…
Sometimes it’s politics.
What could end the AI trade
So far, the much-predicted wave of AI-driven mass unemployment hasn’t materialized.
That may yet change – my hunch is that it will. But it doesn’t have to – at least not to generate the political backlash that eventually threatens the AI trade. It just requires enough people feeling enough economic pain and then connecting that pain to AI.
Enter your power bill…
According to the nonprofit PowerLines, electric and piped natural gas bills were among the largest drivers of inflation last year, rising 7% and 11%, respectively. Utilities requested a record $31 billion in rate hikes in 2025 – more than twice the amount requested in 2024.
Here’s Charles Hua, executive director of PowerLines:
There are millions of Americans who are paying 10% to 20% of their incomes just on their utilities, which would be unfathomable for the vast majority of Americans.
This is turning data centers into a kitchen-table political issue.
Take Democratic Pennsylvania Gov. Josh Shapiro – a 2028 presidential hopeful. He initially embraced the data center boom in his state. Then the public pushback mounted.
In his February state budget address, he reversed course:
We need to be selective about the projects that get built here.
I know Pennsylvanians have real concerns about these data centers and the impact they could have on our communities, our utility bills, and our environment.
And so do I.
It won’t stop with Shapiro in Pennsylvania.
Here’s Hua, speaking to Fortune:
You could argue utility bills will play the most prominent role in a national election this year that perhaps at any other election in American history.
The AI boom is being partially subsidized, on a monthly billing cycle, by the same Lower-K households already squeezed by gas prices, negative real wages, and rising delinquencies.
That generates a specific, personal grievance. And specific, personal grievances often become votes.
The backlash is moving from grumbling to legislation
This morning brought the following headline from The Wall Street Journal:
And here’s the subhead:
Back in February, Axios surveyed the landscape and found that only 7% of Americans believe AI will increase jobs – statistically unchanged from the prior fall, meaning the boom’s rising visibility has done nothing to ease displacement fears.
But sentiment – while critically important – is no longer the main story. It’s what the sentiment becomes when crystalized…
Legislation.
In the first six weeks of 2026, over 300 data center bills were filed across 30+ states – a clear shift from incentive-focused policies to regulatory oversight.
No state has yet enacted a statewide data center moratorium, though Maine came closest, passing one through both chambers before the governor vetoed it in April.
But the movement is finding its footing at the local level. Seattle announced a 365-day emergency moratorium last week, resulting in this headline from the Seattle Times:
Denver and Minneapolis vote on their own moratoriums this week. Camden County, Georgia, passed a nine-month ban on May 5.
And according to Good Jobs First, grassroots opposition has already blocked or delayed $156 billion in data center projects across 40 states in just over a year.
The direction of travel is clear.
Since we’ve mentioned AI and “jobs,” let’s address that too…
The California Labor Federation has pledged to support more than two dozen AI-related worker protection bills this year.
California’s SB 951 would amend the state’s WARN Act to cover AI-driven displacement, requiring 90 days’ advance notice before automation-related layoffs plus disclosure of the specific AI system used.
And California’s AB 2027 would prohibit employers from using worker data to train AI systems designed to replace those same workers.
This last bill is, in legislative form, a direct response to the “train your replacement” dynamic I highlighted in our May 5 Digest– the deliberate workflow documentation programs that preceded Oracle’s 30,000 layoffs and Meta’s 8,000 cuts this spring.
Put it all together, and here’s Luke with where this backlash takes us:
The force that will derail the AI Boom is not a technological failure, demand collapse, or even a recession.
It is politics – specifically, a populist backlash against AI that is already building momentum, fueled by the growing economic pain hitting American households right now.
So, when does all this hit your portfolio?
Luke projects right around the 2028 presidential election cycle.
His case rests on three compounding pressure points: rising energy costs from data center construction landing directly on residential electricity bills… accelerating AI-attributed layoffs across major employers… and widening wealth inequality that is visible, measurable and personal to the households experiencing it.
Luke says that by 2027, anti-AI messaging will have become a dominant political narrative. That will result in AI-curbing legislation – taxes, restrictions on data center construction, and labor displacement provisions.
And that, according to Luke, is when the curtain falls:
That is the scenario that ends the AI Boom. And it is not a remote tail risk.
Make your money now.
The window for transformational wealth creation in this AI cycle is the next two to three years.
This isn’t a bear call. It’s the opposite – an urgent bull call with a specific expiration date. As Luke put it:
This trade will not last forever. Like everything, it has an expiration date.
For how Luke is playing the AI trade while the window is open – including his latest research on what he believes could be Elon Musk’s most ambitious project yet (it has nothing to do with Tesla or SpaceX) – click here for his full presentation.
As we begin to wrap up, two things to consider
The first could accelerate this trade, while the second could slow it considerably.
The visibility of Luke’s political clock – the fact that sophisticated investors can now see the 2028 timeline coming – may actually pull capital and returns forward.
If the window closes in two to three years, the rational response is to accelerate into it now, not retreat from it. That’s part of what you’re seeing in the Cerebras oversubscription, the SpaceX IPO queue, and the latest Tesla-related opportunity Luke has found: capital racing to get positioned before the friction arrives.
The clock’s visibility doesn’t slow the trade. It intensifies it – right up until it doesn’t.
Meanwhile, the other issue is a wildcard – or perhaps we’ll call a “Trump” card…
In March 2026, the White House published a National AI Legislative Framework calling on Congress to preempt state AI laws that “impose undue burdens” – a direct attempt to neutralize the California bills, the data center moratoriums, and the entire state-level wave before it reaches critical mass.
If that federal preemption push succeeds, Luke’s political clock extends considerably.
We’ll keep tracking both.
So, what does all this mean for your portfolio today?
The AI trade – taking a breather now – is working. The capex loop is intact and growing. What Luke has called “the Summer of AI” appears to be underway.
But this isn’t a forever trade…
The Lower-K’s deteriorating financial health isn’t a risk to the AI trade today. But it is the kindling for tomorrow.
Meanwhile, rising electricity bills, stagnant wages, record delinquencies, and all-time low sentiment – none of that threatens Anthropic’s Google Cloud deal or Cerebras’ IPO. But it creates the conditions for when the spark of political anger strikes and ignites that kindling.
Luke’s bet: that happens right around 2028.
Two Americas. One trade. And a clock that’s ticking.
Have a good evening,
Jeff Remsburg
P.S. While the political clock ticks on the AI trade, Louis Navellier is focused on what’s happening right now…
And he believes a rare window is opening in a corner of the market most investors are overlooking entirely thanks to the Fed and new chair Kevin Warsh.
In his latest research presentation, Louis walks through exactly what his system is seeing and why the timing matters, and he even shares a free stock pick tied to this opportunity.
Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add services@exct.investorplace.comto your address book.
The Lower-K consumer is falling behind… 5 trillion reasons why Wall Street hasn’t cared… what will spark the reckoning… watch growing anti-AI legislation… exactly when it all ends
Two weeks ago, the University of Michigan’s Consumer Sentiment Index sank to 48.2 – the lowest reading in the survey’s 74-year history.
That’s a lower consumer sentiment reading than during the Great Financial Crisis. Lower than the Dot-Com Crash. And lower than every recession in modern American history.
Meanwhile, last week, the AI semiconductor company Cerebras Systems went public at a $100 billion valuation after being 20 times oversubscribed.
Contrasting this massive IPO against the glum sentiment report, our technology expert Luke Lango, editor of Innovation Investor, put it plainly in his Daily Notes:
This [Cerebras IPO] is America Two. It has no idea America One exists.
He’s right.
But for AI investors, understanding why he’s right – and exactly when it’ll stop being true – is the most important portfolio question of the next three years.
In February 2016, Nvidia was trading at $2.51, split-adjusted. The name barely came up in investment circles. But my data had flagged something. A pattern the market hadn’t priced in yet. I sent my readers a single, clear recommendation. And anyone who acted could’ve got in on the biggest investment story of this decade. The company I’ve identified today is in the same position. Same pattern. Same kind of gap. And the window is open right now. I’m revealing it, down to the ticker, in a new free presentation. Click here now – before I’m forced to take it down.
America One: The diagnostics
Let’s start with the data…
Regular Digest readers are familiar with our K-shaped economy, where lower-income households face a fundamentally different financial reality than their asset-owning counterparts. That picture has gotten materially worse since we last covered it here.
According to the New York Fed’s quarterly household debt report, in Q4 2025, overall household debt delinquency rates hit 4.8% – the highest level since 2017. The stress is concentrated almost entirely in lower-income borrowers.
Meanwhile, the subprime auto market – one of the most reliable canaries in what we call the Lower-K economy – related to what Luke is calling “America One” – sounds a little quiet these days.
More than 6% of subprime auto loans are at least 60 days past due, the highest rate ever recorded in Fitch data going back to 1993. Vehicle repossessions hit 1.73 million last year, the most since 2009.
Meanwhile, a PYMNTS Intelligence survey from early 2026 found that need-driven paycheck-to-paycheck living has overtaken choice-driven for the first time – meaning financial pressure, not lifestyle, is now the dominant explanation.
This is not a soft patch – it’s a structural squeeze.
America Two: Why Wall Street is largely unbothered
Here’s where most coverage of the K-shaped economy goes wrong…
The typical framing is that Wall Street is ignoring the Lower-K data. That’s not quite right.
The more accurate read is that Wall Street is accurately pricing an economy in which the Lower-K consumer has become structurally less relevant to corporate earnings. It’s less “callousness” and more “arithmetic.”
The AI multi-billion-dollar capex loop that I highlight regularly – the engine powering the Upper-K/“America Two” economy – doesn’t run through a fast-food customer or a subprime auto borrower. It runs through enterprise contracts, sovereign AI deals, and hyperscaler balance sheets.
So, what’s the status of that tsunami of money flow?
Bloomberg Intelligence projects cumulative AI capex of $5 trillion over five years. For context, that’s more than the entire GDP of the United Kingdom.
Back to Luke:
The AI economy has achieved a complete structural decoupling from the consumer economy. The Iran War didn’t slow it. The all-time low consumer sentiment doesn’t slow it.
The only economic variable that affects the AI buildout is whether Nvidia can manufacture enough chips and whether the grid can supply enough power.
Everything else is noise.
So, for now, if your portfolio is positioned in the right layer of the AI trade, this flagging Lower-K/ “America One” is largely just background noise.
But the thing about structural decouplings is that they don’t last forever. History suggests that economic equilibria that become this far out of balance don’t stay that way.
And what brings that back into alignment isn’t always markets…
Sometimes it’s politics.
What could end the AI trade
So far, the much-predicted wave of AI-driven mass unemployment hasn’t materialized.
That may yet change – my hunch is that it will. But it doesn’t have to – at least not to generate the political backlash that eventually threatens the AI trade. It just requires enough people feeling enough economic pain and then connecting that pain to AI.
Enter your power bill…
According to the nonprofit PowerLines, electric and piped natural gas bills were among the largest drivers of inflation last year, rising 7% and 11%, respectively. Utilities requested a record $31 billion in rate hikes in 2025 – more than twice the amount requested in 2024.
Here’s Charles Hua, executive director of PowerLines:
There are millions of Americans who are paying 10% to 20% of their incomes just on their utilities, which would be unfathomable for the vast majority of Americans.
This is turning data centers into a kitchen-table political issue.
Take Democratic Pennsylvania Gov. Josh Shapiro – a 2028 presidential hopeful. He initially embraced the data center boom in his state. Then the public pushback mounted.
In his February state budget address, he reversed course:
We need to be selective about the projects that get built here.
I know Pennsylvanians have real concerns about these data centers and the impact they could have on our communities, our utility bills, and our environment.
And so do I.
It won’t stop with Shapiro in Pennsylvania.
Here’s Hua, speaking to Fortune:
You could argue utility bills will play the most prominent role in a national election this year that perhaps at any other election in American history.
The AI boom is being partially subsidized, on a monthly billing cycle, by the same Lower-K households already squeezed by gas prices, negative real wages, and rising delinquencies.
That generates a specific, personal grievance. And specific, personal grievances often become votes.
The backlash is moving from grumbling to legislation
This morning brought the following headline from The Wall Street Journal:
And here’s the subhead:
Back in February, Axios surveyed the landscape and found that only 7% of Americans believe AI will increase jobs – statistically unchanged from the prior fall, meaning the boom’s rising visibility has done nothing to ease displacement fears.
But sentiment – while critically important – is no longer the main story. It’s what the sentiment becomes when crystalized…
Legislation.
In the first six weeks of 2026, over 300 data center bills were filed across 30+ states – a clear shift from incentive-focused policies to regulatory oversight.
No state has yet enacted a statewide data center moratorium, though Maine came closest, passing one through both chambers before the governor vetoed it in April.
But the movement is finding its footing at the local level. Seattle announced a 365-day emergency moratorium last week, resulting in this headline from the Seattle Times:
Denver and Minneapolis vote on their own moratoriums this week. Camden County, Georgia, passed a nine-month ban on May 5.
And according to Good Jobs First, grassroots opposition has already blocked or delayed $156 billion in data center projects across 40 states in just over a year.
The direction of travel is clear.
Since we’ve mentioned AI and “jobs,” let’s address that too…
The California Labor Federation has pledged to support more than two dozen AI-related worker protection bills this year.
California’s SB 951 would amend the state’s WARN Act to cover AI-driven displacement, requiring 90 days’ advance notice before automation-related layoffs plus disclosure of the specific AI system used.
And California’s AB 2027 would prohibit employers from using worker data to train AI systems designed to replace those same workers.
This last bill is, in legislative form, a direct response to the “train your replacement” dynamic I highlighted in our May 5 Digest– the deliberate workflow documentation programs that preceded Oracle’s 30,000 layoffs and Meta’s 8,000 cuts this spring.
Put it all together, and here’s Luke with where this backlash takes us:
The force that will derail the AI Boom is not a technological failure, demand collapse, or even a recession.
It is politics – specifically, a populist backlash against AI that is already building momentum, fueled by the growing economic pain hitting American households right now.
So, when does all this hit your portfolio?
Luke projects right around the 2028 presidential election cycle.
His case rests on three compounding pressure points: rising energy costs from data center construction landing directly on residential electricity bills… accelerating AI-attributed layoffs across major employers… and widening wealth inequality that is visible, measurable and personal to the households experiencing it.
Luke says that by 2027, anti-AI messaging will have become a dominant political narrative. That will result in AI-curbing legislation – taxes, restrictions on data center construction, and labor displacement provisions.
And that, according to Luke, is when the curtain falls:
That is the scenario that ends the AI Boom. And it is not a remote tail risk.
Make your money now.
The window for transformational wealth creation in this AI cycle is the next two to three years.
This isn’t a bear call. It’s the opposite – an urgent bull call with a specific expiration date. As Luke put it:
This trade will not last forever. Like everything, it has an expiration date.
For how Luke is playing the AI trade while the window is open – including his latest research on what he believes could be Elon Musk’s most ambitious project yet (it has nothing to do with Tesla or SpaceX) – click here for his full presentation.
As we begin to wrap up, two things to consider
The first could accelerate this trade, while the second could slow it considerably.
The visibility of Luke’s political clock – the fact that sophisticated investors can now see the 2028 timeline coming – may actually pull capital and returns forward.
If the window closes in two to three years, the rational response is to accelerate into it now, not retreat from it. That’s part of what you’re seeing in the Cerebras oversubscription, the SpaceX IPO queue, and the latest Tesla-related opportunity Luke has found: capital racing to get positioned before the friction arrives.
The clock’s visibility doesn’t slow the trade. It intensifies it – right up until it doesn’t.
Meanwhile, the other issue is a wildcard – or perhaps we’ll call a “Trump” card…
In March 2026, the White House published a National AI Legislative Framework calling on Congress to preempt state AI laws that “impose undue burdens” – a direct attempt to neutralize the California bills, the data center moratoriums, and the entire state-level wave before it reaches critical mass.
If that federal preemption push succeeds, Luke’s political clock extends considerably.
We’ll keep tracking both.
So, what does all this mean for your portfolio today?
The AI trade – taking a breather now – is working. The capex loop is intact and growing. What Luke has called “the Summer of AI” appears to be underway.
But this isn’t a forever trade…
The Lower-K’s deteriorating financial health isn’t a risk to the AI trade today. But it is the kindling for tomorrow.
Meanwhile, rising electricity bills, stagnant wages, record delinquencies, and all-time low sentiment – none of that threatens Anthropic’s Google Cloud deal or Cerebras’ IPO. But it creates the conditions for when the spark of political anger strikes and ignites that kindling.
Luke’s bet: that happens right around 2028.
Two Americas. One trade. And a clock that’s ticking.
Have a good evening,
Jeff Remsburg
P.S. While the political clock ticks on the AI trade, Louis Navellier is focused on what’s happening right now…
And he believes a rare window is opening in a corner of the market most investors are overlooking entirely thanks to the Fed and new chair Kevin Warsh.
In his latest research presentation, Louis walks through exactly what his system is seeing and why the timing matters, and he even shares a free stock pick tied to this opportunity.
Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add services@exct.investorplace.comto your address book.
Managing Editor’s Note: We’re coming up quick on Jeff and Jason’s 2026 Stock Market Regime Change event…
Tomorrow at 8 p.m. ET, they’re sitting down to discuss the radical shift in the market that’s coming.
With these sorts of market shifts, history shows we may see top stocks displaced as a new investment theme emerges… and a new group of stocks will rise to take their place.
Jason has seen such regime changes play out before, back when he was a senior executive and partner on Wall Street. He saw firsthand the types of stocks that soar when the new investment narrative takes root.
And he’s got a way to help people get ahead of these moves. You can go here to sign up with one click to join them to hear all about the coming regime change and Jason’s strategy to play it…
It will trade on Nasdaq under the appropriate symbol SPCX.
I had been predicting for some time that the IPO would happen on June 9, a day with a meaningful astronomical event – a conjunction when Venus and Jupiter come within 1.5 degrees of one another.
They are the two brightest planets in the night sky and look like stars to most.
It’s the kind of quirky and celestial symbolic gesture that Musk has become known for.
As it turns out, it’s the roadshow that will begin around the time of the conjunction, not the IPO itself.
The roadshow is where SpaceX executives will spend days meeting with investment banks and institutional investors to pitch their IPO, determine exactly how much they are going to raise and with whom, and at what price.
One thing is certain… There couldn’t be any more excitement about what’s coming. I haven’t seen anything like it.
And the success of the wildly popular AI semiconductor company Cerebras Systems’ (CBRS) IPO on May 14 has only heightened the anticipation for what will absolutely be the largest IPO in history, both in terms of amount raised and valuation at the time of the SPCX IPO.
SpaceX is not only going to the moon… It’s also going to Mars.
And the stars are aligned.
Invest, Accelerate, Execute
With all the excitement about SpaceX, it’s hard not to think about the implications.
Demand is already through the roof for the SpaceX IPO, with institutional investors clamoring for massive stakes in the company.
BlackRock alone is considering a $10 billion position in SpaceX, just a single company.
I believe that SpaceX will raise at least $100 billion, and it will have demand for even more.
It doesn’t need the money to maintain its business. It wants the money to accelerate it.
And that means that SpaceX will literally define both the pace of growth and the size of the space economy, creating exponential growth opportunities for companies that partner with SpaceX for launch services, as well as those that supply SpaceX with technology and materials.
A good portion of the funds raised will be used to accelerate the mass production of the Super Heavy launch vehicle and the Starship.
The SpaceX Gigabay manufacturing facility – which is under construction right now in Starbase, Texas –will be capable of manufacturing 1,000 Starships a year. It will be completed well before the end of this year.
SpaceX isn’t just working towards regular launches of Starships, though.
It is working towards multiple Starship launches every day.
At this scale, repeatability, and reusability, launch costs to low Earth orbit (LEO) will drop to just $100 a kilogram.
This is what makes the SpaceX million AI data center satellite constellation economically feasible, and for that matter, competing constellations from Google and others.
And yes, SpaceX is already in talks to provide launch services to Google for its competing AI data center satellites.
Musk and SpaceX are unique from that perspective.
Rather than taking a myopic view and trying to box out the competition or abuse its near-monopoly position in launch services, SpaceX does the opposite.
It provides access to launch services at fair and reasonable prices that are the lowest in the industry.
On June 8, a move by Elon Musk could send a new group of stocks soaring. Jeff Brown’s colleague, Jason Bodner, has created a way to potentially spot these stocks right before they break out 86%, 213%, 367%, and even 911%, in a matter of weeks and months. No options. No high-risk penny stocks. Just buying and selling stocks through your existing brokerage account. Jeff and Jason are sharing the details tomorrow, May 20, at 8 p.m. ET – including the name of a top pick. Register instantly here. (When you click the link, your email address will automatically be added to the guest list.)
Everyone is talking about Elon Musk’s Space X IPO. CNBC even called it “the big market event of 2026.” But according to tech investing legend Jeff Brown, this is NOT about launching rockets to Mars, satellite internet, or anything you’ve heard from the media. It’s much bigger than that… Because this IPO is a key part of Elon Musk’s secret AI masterplan (click here to see the details).
Zero-Gravity Manufacturing
Musk believes that the most value comes not from abuse of power, but from expanding the size of the space economy as quickly as possible.
By democratizing access to space, it benefits not only SpaceX but the entire ecosystem, some of which it relies on for its own business.
And at just $100 a kilogram, even small, early-stage companies gain access to space, making their own businesses economically viable.
This has never been possible before.
A perfect example is Varda Space, a company that is only about six years old and has raised about $578 million to date.
Varda, for such an early-stage company, has already become the industry leader in space-based manufacturing.
This March, it launched its sixth manufacturing spacecraft to orbit on a SpaceX rideshare mission.
Source: X @SpaceX
If we look closely at the image above, the white circular object is actually Varda’s W-6 spacecraft, which was successfully deployed in orbit on March 30th.
The company has been iterating quickly, launching regular missions, and gearing up for large-scale manufacturing in space.
It may seem counterintuitive to do so, but materials and compounds can be manufactured in microgravity with levels of purity and quality that are simply impossible on Earth due to the effects of gravity.
The initial target products for space manufacturing are pharmaceutical compounds, fiber optic cables, and semiconductor materials.
These are all very high-value, high-impact sectors that will see improved efficacy and quality as a result of space-based manufacturing.
No Longer Just Proof of Concept
Varda has already successfully demonstrated crystallizing an HIV drug in orbit and safely returning it to Earth.
That was just a proof of concept, and one that can be easily replicated at scale.
This success led to a first-of-its-kind deal between Varda Space and pharmaceutical company United Therapeutics (UTHR) to manufacture formulations for the treatment of rare pulmonary diseases.
The goal is to leverage the advantages of microgravity in space to enhance the quality of therapeutic compounds, improving their stability and bioavailability.
The initial targets will be focused on those therapies for life-threatening pulmonary diseases.
If it costs $5,000 or $10,000 per kilogram to get a pharmaceutical manufacturing spacecraft into orbit, none of this makes any sense, though.
But at $200 or $100 per kilogram, the economics justify the investment to build an entirely new industry, space-based manufacturing.
And it’s all possible because of SpaceX and its Starship.
Everyone in the aerospace industry knows this. My Bleeding Edge readers, of course, have known this for years.
And now, so do venture capital and private equity investors.
This is why they have been investing billions of dollars in advance in companies that benefit from this once-in-a-generation moment.
Varda Space raised $250 million this January and is now worth $1.6 billion and growing quickly.
This will become an industry-defining company and a representation of what is possible in this new space economy.
Fittingly, just hours ago, Varda’s W-6 spacecraft successfully returned to Earth after its months-long mission in orbit.
Source: X @VardaSpace
There’s so much more to come.
So much more to look forward to.
It’s time for liftoff…
Jeff
P.S. Hi, Jeff’s managing editor here, again.
If you’re wondering how you can get positioned ahead of the big IPO day, you can go here to learn more about how you can prepare ahead of this historic IPO…
After all, there’s more than one way to make the most of this opportunity… and more than one company that stands to benefit from the incredible buildout of the space-based economy.
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Trump Endorses Who In Texas Senate Race? GOP Shocked
GOP has been quietly pushing Trump to stand behind the four-term senator instead of this person, a polarizing figure who has faced years of legal and ethical scrutiny.
All across Israel there are little boys and girls wondering why Daddy isn’t coming home. They don’t understand war or terrorism or ballistic missiles. They just know that there is an empty chair at the table, and there’s no one there to tuck them into bed at night. There are more orphans now than ever before in Israel’s modern history, and they urgently need our help. Your gift today of just $80 will touch the life of a Jewish orphan.
Your support of the Friends of Zion today allows us to comfort the orphans of Israel, help those who have survived the terrorist attacks, minister to the families of the hostages, continue to purchase and deliver food, medicine, clothing, and other necessities of life for the poor Holocaust survivors and refugees of Ukraine, continue to operate the Friends of Zion Museum, and to meet urgent humanitarian needs among the poor Jewish people living in Israel.
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Pray with us for Israel and submit your prayer requests.
“Lord of Israel, make me a watchman today for the Holy City and for the land of Israel. I pray that You would strengthen my resolve to stand for the Jewish people in private prayer and public support. Help me to sound the alarm so that others will join me in the defense of Zion.
I have set watchmen upon thy walls, O Jerusalem, which shall never hold their peace day nor night: ye that make mention of the LORD, keep not silence. Isaiah 62:6
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Israel can expect ‘tens or hundreds of missiles a day’ if Iran war renews, expert warns
If hostilities turn into renewed fighting, Iran may fire tens or hundreds of missiles per day to “effectively confront the enemy and also change the calculation on the other side,” Hamidreza Azizi, an expert on Iranian security issues at the German Institute for International and Security Affairs, told the New York Times on Monday.READ MORE
Iran’s new war tactic: buried missiles and possible Russian help alarm the US
Nearly three months have passed since the war with Iran erupted, and the regime in Tehran has demonstrated both significant resilience and an ability to inflict major damage on the region and the global economy. That was the assessment of U.S. military officials who spoke with The New York Times after President Donald Trump announced he had postponed the strike planned for today, Tuesday. In Israel, officials are watching developments closely. READ MORE
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RJ Hamster
