In this CF Benchmarks live X Space, recorded November 5, 2026, Head of Research Gabe Selby, CFA is joined by Research Analyst Mark Pilipczuk, NinjaTrader Senior Macro Strategist Craig Shapiro, Kraken chief economist Thomas Perfumo and Mike Treidl, CIO of Blue Coin Capital, two days after Democrats took control of both the House and the Senate.
The panel works through a fast-moving week. A post-election relief rally reversed into a broad chip sell-off, the VIX jumped more than 50% in a single session, and voters backed roughly 40 local measures restricting data center development. The discussion covers what a Democratic Congress means for AI capex, the Fed’s December decision, Bitcoin’s renewed correlation to the Nasdaq and the prospects for the Clarity Act, before a deep dive into how Blue Coin Capital applies fundamental valuation to Venice AI’s dual-token model.
Chapters:
00:00 Intro & Welcome
02:13 Election Night Through the Prediction Markets
05:04 A Blue Wave Rout: First Move vs Second Move
07:31 VIX Jumps 50%: Was Wednesday’s Rally a Bull Trap?
08:27 Under the Hood: Semis Sold, Hyperscalers Bid
11:20 The Median Voter Turns on AI: Data Center Ballot Measures
16:39 Two Years of Pro-AI Policy Start to Unwind
20:45 Texas, Grid Connections & Bipartisan Data Center Pushback
23:34 Payrolls, CPI & the December Hike Debate
26:01 The S&P, the 10-Year & Whether the Election Bought the Fed Time
31:25 Is the Clarity Act Dead Under a Democratic Congress?
33:46 Crypto’s Two-Year Sprint Before 2028
38:33 AI, Not Crypto, Is the Political Target
40:07 Positioning a Crypto Fund After the Blue Wave
41:43 Venice AI (VVV): Valuing a Token Through Its Burns
44:05 Privacy as a Niche: Venice’s Market Share & $150M Run Rate
51:59 Week Ahead: Payrolls, October CPI, Iran & Fund Flows
