This Week in The Degenerate Economy: $ICE (NYSE) Just Backed Polymarket and Wall Street Is Going Degenerate Economy Full Steam

Good morning…

In this week’s episode I cover the following topics:

Updates to the Degenerate Economy Index, why South Korea and now quickly New York is the new hotspot for speculation, and the seismic $2B investment $ICE ( ▼ 0.98% )  just made in Polymarket. Plus: how rocket stocks like $ASTS ( ▼ 3.12% )  and $RKLB ( ▲ 5.33% )  are quietly becoming the biggest winners of the year, and why Stocktwits users may be the smartest crowd in markets right now.

You can follow along with how I have been investing along this theme the last few years with the index I created here.

• Back from Italy: Market Check-In (0:00)

• The Degenerate Economy Index is +168% (0:14)

• T-Pop: Trading Becomes Culture in South Korea (0:50)

• ICE Invests $2B in Polymarket at $10B Valuation (2:16)

• Wall Street & Prediction Markets: A 20-Year Bet (3:00)

• Shane Copland’s Journey from FBI Detention to Market King (4:38)

• Stocktwits Traders Spot ASTS & RKLB Early (5:01)

• Luckin Coffee & Retail Degeneracy in Action (6:11)

• Final Thoughts: T-Pop, Retail Power & Holding Winners (6:22)