SMART MONEY’S 13F MOVES ARE IN...AND THEY’RE BIG Tired of digging through 50+ 13Fs? Q3’25 saw billions quietly move inside the portfolios of the world’s top funds. The trades everyone piled into are getting trimmed, risk is being repositioned, and capital is quietly rotating

Disclaimer: This does not constitute financial or investment advice. Moreover, Lumida’s returns on any one investment do not match Lumida’s overall returns across all investments. Check out https://t.co/KYMZNpPmA9 for all the latest news.

Ukraine revealed a hard truth China has been supplying both sides of the drone war and its industrial base has surged as a result. The US has not scaled at the same pace. We must rebuild the ability to produce at mass and on demand or fall behind those who already can.

Aerospace has entered a new era. Space 1.0 meant full vertical integration and decade long timelines. Space 2.0 proves the opposite. Apex Space went from clean sheet to orbit in 13 months because they focused only on the satellite bus. Specialization is now the unlock.

Polymarket 🤝 Yahoo We’re excited to announce Polymarket is now the exclusive prediction market partner for Yahoo Finance.

AI, EVs and modern industry all point to the same truth we need far more power than the grid can deliver. The future belongs to generation systems that are reliable, modular, and mobile. This is why new energy platforms are now a national priority.

Founders today can start with off-the-shelf components and let the software do the heavy lifting. Early versions look simple, but the sophistication compounds fast. This moment rewards teams that understand both the physical world and modern AI stacks.

DC lives with national security every day. You see uniforms on the metro and billboards for aerospace and defense. In Silicon Valley, you can go a decade without seeing that world. Culture shapes what we think technology is for and the two cultures could not be more different.

From uncovering global vaccine injury to testifying in Senate hearings and standing in courtrooms across the country, the McCullough Foundation shows up where others won’t — confronting captured institutions, protecting the injured, exposing false claims, and fighting for ethical

Hard tech used to scare investors. Not anymore. Downstream capital is hungry, founders from SpaceX/Anduril are spinning out, and the Pentagon is ready to buy. The physical-world renaissance is real, and defense is at the center of it.

Some still believe top-down control is “more efficient.” But whether in markets or networks, decentralization keeps winning. Packet switching was mathematically proven, yet critics fought it anyway. A bias for control is psychological, not logical.

The Cold War wasn’t just geopolitics; it was an argument about systems. Central planning vs. free markets. Many U.S. economists once claimed communism would “inevitably” outperform capitalism. History proved the opposite, that dynamism beats perfection on paper.

Post-WWII America could afford to be “Team America, World Police.” In 2025, with $38T in debt and a rising China, the world looks very different. Allies now matter and they must be able to defend themselves. “American dynamism has to scale beyond America.”

The old factories aren’t coming back and neither are the old jobs. Products, processes, and skills have all shifted. The opportunity now is to build “blue-collar-plus” roles around advanced manufacturing: robotics, batteries, chips, automation. Leap forward, not backward.

HOW SILICON VALLEY LOST THE PLOT ON DEFENSE 🧵 How did the world’s top tech hub become blind to the one technology mission that actually determines national power? For years, Silicon Valley treated defense as a moral hazard instead of a strategic priority. Post Vietnam and

5/ Overall, the minutes show a belief in economic resilience and the expected cooling of labor market.  This has led to a sharp decline in rate cut odds, which has been one of the reasons behind market's volatility.  However, sell-offs create bargain opportunities. We wrote

4/ FOMC on Inflation: “Overall inflation had moved up since earlier in the year and remained somewhat above the Committee’s 2 percent longer-run goal.” “Total PCE inflation was estimated to have been 2.8 percent in September… core PCE inflation was also estimated at 2.8

3/ FOMC on the Labor Market: “Available indicators show a continued gradual cooling in the labor market without any sharp deterioration.” “Job gains had slowed this year. The unemployment rate had edged up but remained low through August.” “Layoffs and hiring having remained

2/ FOMC on the Economic Outlook: “Real GDP posted a strong gain in the second quarter following a decline in the first quarter". “Economic activity appeared to have been expanding at a moderate pace.” “Real GDP growth was projected to be modestly stronger… reflecting stronger

FOMC Meeting Minutes for Oct Were Released Yesterday! They tell us exactly why you need to know about December rate cut. Let's see the insights in this thread! Spoiler alert: Dec cut odds have decreased to 33% for 99% a Month Earlier.

Disclaimer: This does not constitute financial or investment advice.  Moreover, Lumida’s returns on any one investment do not match Lumida’s overall returns across all investments.

10 / Don't forget to read this week's Ledger Click below to Subscribe https://t.co/peN0HPvR7t

9/ Elon Musk announced that xAI plans to build a 500-megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s government-backed AI venture. https://t.co/dTqg7vp3oW