Monday, September 07, 2026 — Ukraine ceasefire talk is back on the table, Nvidia’s $US300 billion web of deals has dotcom echoes, and the $US 10Y is testing 4.8%.

This is interesting: Trump and the UK’s Burnham are both pushing a Russia-Ukraine ceasefire, and there’s already a local Zaporizhzhia power line repair truce — but Israel says Hezbollah keeps violating its deal, so the peace premium is fragile. Watch this: Caterpillar’s power generation backlog just hit $72B — the construction cycle barely matters anymore, data-center and grid demand is now the whole story for $CAT. Jensen Huang says a 1-gigawatt facility is worth $50-60B — that’s the math making neoclouds bid for power like land, and $NVDA’s $12.9B Hugging Face deal is about owning more of the stack. $TSM’s $265B US bet is becoming Taiwan chip diplomacy — the issue is, a blacklisted Chinese firm still got access to America’s latest AI chip tech, so export-control leaks are real. The AI trade’s next leg is one layer down from $NVDA — the picks-and-shovels move now is power, cooling, and the neoclouds, not just the GPU print. Macro risk is brewing: Japan scrambled fighters for five days

This is interesting: Trump and the UK’s Burnham are both pushing a Russia-Ukraine ceasefire, and there’s already a local Zaporizhzhia power line repair truce — but Israel says Hezbollah keeps violatin