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Little Jensen Came Out To Play

Warm-Up
- People getting wrecked - the stories I can tell you coming in
- VIX rockets to 26 - came in since but wow
- We are going to spend some time on NVDA and Jensen's problem

Markets
- Remember, biggest moves happen in BEAR markets
- It is not only NVDA - the entire tech space is taking a beating
- Thursday shellacking, leads to Friday, Monday Rally ( I have seen this before)
- CPI hits hot again - now they are talking about

DHU MAILING LIST! - Go to DHUnplugged.com

First a Public Service Announcement - Buying a House In Mexico?
MEXICO'S HOME-STEALING BUSINESS
- Criminals target vacant properties, break in, change the locks and produce forged deeds or leases; some owners return from vacation to find strangers claiming their home.
- Rising property values have pushed the racket into wealthier neighborhoods. Older owners and homes left unattended after a death are especially vulnerable.
- Mexico City recorded 1,978 dispossession investigations in the first half of 2026, roughly 11 daily. These figures include ownership and family disputes, not just gang invasions.
- Fake paperwork can turn a criminal takeover into a lengthy civil dispute. Lawyers say recovery can take eight months to two years with clear records, or over five years without them.
- Authorities have offered 100 pro bono lawyers and reported hundreds of arrests, but victims can face continuing threats even after recovering their property.

HERE WE GO! RIPS AND PACKED.
**What they are: Rips and Packed are trading-card platforms where you pay to open digital packs containing randomly assigned sports or Pokémon cards.
**How they work: You can request delivery of the physical card or sell it back to the platform—so customers can participate without ever handling a card.
**The attraction: They combine collectible-card enthusiasm with the suspense of a surprise reveal and the possibility of landing a card worth more than you paid.
**Why they’re controversial: They’ve promoted cards as potential money for bills, yet a $100 Packed purchase reportedly has at least a 70% chance of yielding a card worth less than its price—raising questions about collecting versus gambling.

<Market Selloff>

RUMORS THAT TECH HEAVY HEDGE FUNDS MY BE IMPLODING
- Value Aligned Research Advisors (VARA) plunged 33% in October after losing 44% in July.
- Its Class C shares remained up 13% for the year despite the latest drawdown.
- The AI-focused fund said it maintained excess margin, unchanged counterparty relationships and leverage near its historical low.
- A massive loss, but no confirmed shutdown or insolvency.
---- Arini Capital: Its flagship credit fund lost 19.7% in October, taking its year-to-date loss to 32%. Its five largest positions represented roughly two-thirds of net assets, with heavy exposure to low-rated CCC debt. It sold positions and reduced leverage, but also reported $389 million in fresh inflows.

JENSEN LOSES HIS TOP-TEN SEAT
- Nvidia's 9.3% slide erased $15.1 billion from Jensen Huang's estimated wealth, leaving $150.9 billion.
- He fell from ninth to 13th on the Bloomberg Billionaires Index.
- Musk lost $79.7 billion; Larry Ellison lost $10.1 billion. The index's 500 richest lost $185 billion combined.

Favorite thing I saw on X?
- NVDA drops 10% after election fallout, and another 10% after the erection fallout

JAPAN CASHES OUT TO SPEND
- Japan plans to channel profits from stepped-up BOJ ETF sales into growth and economic-security projects.
- Annual ETF sales are increasing to 860 billion yen, about $5.5 billion, from 330 billion yen.
- The budget benefits through central-bank profit transfers; gross ETF-sale proceeds do not simply become government spending money.

CHIP ROUT CROSSES THE PACIFIC
- South Korea's KOSPI closed down 6.02% after falling as much as 8.8%, triggering a 20-minute trading halt Friday.
- SK Hynix fell 10.4%; Samsung dropped 6.4%. The KOSPI lost 11.7% for the week.
- Japan's SoftBank fell 11.6%; chip-testing supplier Advantest dropped 12.2%.
- Selling reflected fears of restrictions on data-center expansion following the U.S. election; actual investment delays remain uncertain.

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