MARKET UPDATE: Hunter Biden Scams Us, $INTC Rips, Commodities Onchain, Anthropic's Skynet Risk

Watch on YouTube ↗  |  September 10, 2026 at 01:10  |  54:55  |  1000x Podcast
Speakers
Avi Felman — Principal, GoldenTree Asset Management
Jonah Van Bourg — Head of Trading, Cumberland / ex-Vitol

Summary

This episode covers Intel's 20% rally and Avi's INTC thesis, the Hunter Biden LAPTOP meme coin as extraction with tactical levels, and the case for on-chain commodity markets. Jonah argues ICE/CME are structurally slow and AGI is already driving a market melt-up, while Avi cautions that Bitcoin is short-term vulnerable as flows rotate back to AI semis. The conversation also touches on market participation as a national security issue and retail quant automation.

  • Avi reviews his INTC long from $88 and the 20% move.
  • Political meme coins including LAPTOP are described as extractive and harmful to crypto adoption, with tactical LAPTOP levels discussed.
  • Jonah makes the case for jet fuel perps, regional gasoline, and Nigerian crude differentials settling on-chain.
  • ICE/NYMEX/CME are criticized as slow, bureaucratic, and benchmark-milking.
  • Avi sees Bitcoin and crypto as short-term vulnerable to AI flow rotation and wants to reduce exposure.
  • Avi favors rotating into Intel, SanDisk, DRAM/memory, and AI semis.
  • Jonah argues AGI is here, the productivity shock is extremely bullish, markets melt up, and bonds lag.
  • National security theme highlights the S&P 500 as the new savings account and broad market participation.
Ideas
Avi Felman Principal, GoldenTree Asset Management 5:00
Intel is a comeback trade.
Avi is reallocating from crypto to the AI semiconductor trade because Intel and SanDisk are ripping and AI flows are returning while crypto is boring/stalling. He is buying Intel, SanDisk, DRAM/memory, and maybe Nvidia, arguing not enough people are positioned for AI.
INTC SNDK HIGH
Avi Felman Principal, GoldenTree Asset Management 10:06
LAPTOP technical bounce above $500M.
Avi is fundamentally bearish on LAPTOP because Hunter Biden/insiders are extracting and meme coins lack staying power. Rather than short immediately, he wants to wait for a relief rally above $1B and short it, with room to double down if it runs toward $2-3B.
LAPTOP MED
Avi Felman Principal, GoldenTree Asset Management 18:28
Hyperliquid and Lighter win on-chain trading.
Jonah sees commodities moving on-chain: jet fuel perps, regional gasoline, Nigerian crude differentials, swaps, and calendar futures. AMMs are a better settlement mechanism than opaque phone/fax windows, and crypto venues like Hyperliquid and Lighter can spin up new markets with retail liquidity before institutions join.
LIT HYPERLIQUID HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 20:42
ICE and CME cannot innovate commodities.
Jonah argues ICE and NYMEX/CME are bureaucratic, slow to launch new products, and still milking decades-old benchmark contracts. They cannot serve new commodity demand, leaving room for on-chain venues to take share.
ICE CME MED
Avi Felman Principal, GoldenTree Asset Management 34:50
Must own S&P 500 to escape.
Avi argues getting people invested is a national security issue because companies are more profitable while wages cannot keep pace. The S&P 500 is becoming the new savings account, and those not invested risk being left behind as markets compound higher.
SPY MED
Avi Felman Principal, GoldenTree Asset Management 45:29
Bitcoin short-term looks sketchy.
Avi thinks the Bitcoin/crypto trade is in short-term peril as AI flows rotate back. BTC has stalled at 80K, froth is visible in Hunter Laptop coin and Robinhood chain, and sub-70K is likely, so he is reducing crypto exposure now and would rebuy below 70K.
BTC MED
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 51:09
Markets melt up; avoid bonds.
Jonah argues AGI is already here and is the most bullish productivity/technology shock of his lifetime. AI compresses work across disciplines, so markets melt up until Skynet, with value flowing to equities and token buybacks while bonds lag.
Equities HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 51:11
AI bottlenecks can 1000x.
Jonah says AI bottlenecks, including SanDisk and physical memory stocks, can 1000x even though near-term memory conditions are cooling. Traders must rotate among AI bottleneck trades rather than treating them as set-and-forget positions.
Memory stocks MED
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This 1000x Podcast video, published September 10, 2026, features Avi Felman, Jonah Van Bourg discussing INTC, SNDK, LAPTOP, LIT, HYPERLIQUID, ICE, CME, SPY, BTC, Equities, Memory stocks. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Avi Felman, Jonah Van Bourg  · Tickers: INTC, SNDK, LAPTOP, LIT, HYPERLIQUID, ICE, CME, SPY, BTC, Equities, Memory stocks