Priority — Core holdings that can generate more free cash flow without ramping up drilling spend when oil prices stay high: $COP $EOG Next — Names whose profits are more sensitive to oil-price moves: $FANG $OXY Last — Oilfield services stocks to add only after CapEx, rig counts, and orders start rising: $SLB $HAL $BKR

Trump’s latest transaction disclosure shows a noteworthy signal: tech stock activity has concentrated toward core names with genuine revenue support and competitive barriers. AI-related stocks have recently gone through a clear period of adjustment and volatility, but the fundamental demand and long-term logic of the leading core companies still remain. Transaction period: Aug. 17–Aug. 21 📈 Disclosed Purchases： AI Infrastructure: $NVDA $500k – $1M（Large purchase followed by a sale for rebalancing） AI Platforms: $META $5M–$25M $GOOGL $100k– $250k AI Software & Enterprise Cloud: $PLTR $50k – $100k $NOW $15k – $50k $CRM $15k– $50k $ORCL $15k– $50k 📉 Disclosed Sales： Broad Market ETF: iShares Russell 1000 ETF $1M–$5M Semiconductors & Hardware： $AMD $1M–$5M $NVDA $500K–$1M $AVGO $500K–$1M $DELL $500k– $1M Cybersecurity & Cloud Software： $PANW $500k – $1M $DDOG $500K–$1M $FTNT — $500K–$1M Trend: A clear “sell broad-market, buy selective AI” rebalancing pattern: capital flowed out of the broad-market ETF as well as from general tech, cybersecurity, and hardware names, and moved toward a smaller set of AI-themed leaders with relatively stronger revenue support — with Nvidia as the core layer, Meta and Alphabet as the platform layer, and Palantir as the software layer. However, some names recorded both purchases and sales, so the overall picture looks more like selective positioning and portfolio rebalancing than a confirmed one-way sector-wide rotation.

The Nasdaq Composite Index rose 1.11% to close at 26,430.89, staging a chip-stock-led rebound after last week’s sharp sell-off and temporarily stabilizing above the 26,000 level. 🟢 $SMH +1.61% 🟢 $NVDA +1.38% 🟢 $MU +2.97% 🟢 $AMD +1.76% 🟢 $INTC +2.43%

🛎️BREAKING: September CPI: Inflation accelerated, core hotter than expected. Headline CPI: +0.6% MoM, +3.7% YoY Core CPI: +0.3% MoM, +2.6% YoY Energy was the main driver — gasoline jumped 9.1% in the month and accounted for over half of the headline rise. Energy overall rose 5.2% MoM and 20.4% YoY. Stock market reaction (Oct 14): S&P 500 −1.1% Nasdaq Composite −1.9% Dow Jones −0.1% Russell 2000 −1.9% AP described it as the worst day for stocks since July, with AI-related stocks the biggest drag. Tech and small-caps underperformed the Dow as investors worried about higher funding costs and elevated valuations. Treasury reaction: 2-year yield rose ~7 bps to 4.87%, pricing in tighter policy. 10-year yield briefly hit 5.32% before pulling back and closing lower on the day (~5.19%). The initial inflation shock was strong, but the market did not fully buy a sustained higher-for-longer rate path by the close. Rate hike odds: After the Fed’s 25 bp hike in September (to 3.75–4.00%), the probability of another hike at the October meeting jumped from ~20–22% to ~47–50%.

October’s Latest Disclosure: Trump Bought the Companies Building America’s Next Energy Backbone. Since his purchase, $TLN has risen 21.3%. $OKLO ｜Advanced Nuclear Transaction Size:$15,001–50,000 Aug. 28 Purchase Date Close: $40.14 Return since purchase date: -13.6% Unlike traditional nuclear utilities like $CEG, $DUK, and $SO , which mainly operate large existing plants and sell power through the grid, $OKLO is pursuing a different model: a “Build-Own-Operate” approach. Oklo designs, builds, owns, and operates compact advanced reactors, then sells long-term power directly to customers such as data centers, industrial users, and remote facilities through PPAs — bringing clean baseload power closer to where demand is growing. OKLO remains at an early stage, with the first commercial Aurora deployment expected in 2027–2028. The company is highly dependent on regulatory approvals and project execution, and currently lacks meaningful revenue. The pullback following this transaction reflects the market’s re-pricing of execution risks and timeline uncertainty. $TLN ｜independent power producer Transaction Size:$15,001–50,000 Aug. 21 Purchase Date Close: $296.11 Return since purchase date: +21.3% Talen Energy owns 13 to 15.5 GW of nuclear, natural gas, coal, and oil assets. Among them, the Susquehanna nuclear plant accounts for roughly half of the company’s annual power generation and provides stable, zero-carbon baseload electricity. Facing insufficient grid capacity, slow transmission construction, and lengthy interconnection processes, Talen Energy sold the campus adjacent to the Susquehanna nuclear plant to Amazon and secured a long-term power purchase agreement lasting until 2042 for up to 1,920 MW of nuclear generation capacity. The significant positive return since the transaction reflects the market’s relatively high recognition of the “existing nuclear assets + long-term data center contracts” combination. $AES ｜Integrated Energy Developer Transaction Size:$1,001–15,000 Aug. 21 Purchase Date Close: $14.8 Return since purchase date: +0.9% $AES is becoming part of the AI power infrastructure buildout. Beyond traditional utilities, AES provides integrated energy solutions across generation, renewables, and storage.The company has signed 20-year PPAs with Google for a Texas data center project and secured ~650 MW of solar PPAs in Texas and Kansas to support Meta’s data center operations. As AI drives unprecedented electricity demand, long-term power contracts with hyperscalers are becoming a major growth opportunity. The transaction size is relatively small, and the return during the holding period is close to flat, reflecting more of a thematic allocation intent rather than a strong directional bet. From upstream nuclear fuel to downstream AI data center power supply, the key segments are: Nuclear fuel segment ($LEU) Traditional nuclear utilities ($CEG, $SO, $DUK, $PEG, $WEC) Future advanced nuclear ($OKLO) AI data center power delivery ($TLN) Integrated clean energy supply ($AES)

📣Just in: Trump announces diesel supply deal with Putin (Oct. 9) Russia will immediately supply over 300,000 tons of diesel, followed by 500,000 tons in November, another 1 million tons shortly thereafter, and potentially 3 million more tons within a short period. Market reaction: -US diesel futures (ULSD) fell about 4–5% -WTI and Brent crude were largely flat -Refining stocks ($VLO, $MPC , $PBF ) came under pressure as crack spreads narrowed However, the actual impact may be limited: The initial 300K tons shipment plus 500K tons in November equals only ~1.5–2 days of U.S. diesel demand, a relatively small amount versus the global market. Future supply depends on Russia’s refinery capacity, which has been pressured by repeated Ukrainian strikes and a ~30% drop in diesel output. The temporary U.S. sanctions relief reduces supply fears and downside risk, but is unlikely to reverse the broader high oil price environment.