A1Mhigh

now try EFA:SPY. Global-ex US from Aug-2001

The US is screwed. With an idiot like this in charge expect really bad outcomes. He will probably be fired at some point in the next few years but by then the damage will be done.

So are you telling me I should not have put all the family wealth into Fartcoin like that guy on X told me to do? 😱 <this post may also contain sarcasm>

Agree 100%. Yet MSM/BBC are full of other nonsense today. 🤦‍♂️

Still no tarriff effects coming through (even in todays figures). Markets are REALLY good at ignoring the inevitable until it actually happens.

fiscal => monetary

Bessant has already made himself a political animal by being Trump's Tres. Sec. and negotiating trade deals. i.e. a Trump "yes" man. Don't know about anyone else but I see this a a BIG problem for US fiscal credibility & ultimately US assets.

There was a certain inevitability about this..

Afraid you are going to have to get used to this. It has been the only certainty in Trump's tenure so far.

Hate to say it, but this latest parabolic move in the US Gold ETF $GLD looks a bit "sus" to my eye. The price action and volume looks a lot like panic buying.

Sentiment likely to do a 180 degree flip on this news if true. Intra-day US price moves maybe suggesting this. How long it will last? 🤷‍♂️

Donald Truss. But when you do it in an economy with the world reserve currency, the stakes are higher...

This is still true after 23 more days. Still the only game in town. A great week for gold and gold stocks. Just a bit worried that if the US stock market sell off becomes disorderly that liquidation of all assets could become a thing.

Still no reason to change my hypothesis after 2 months have elapsed. If anything it has been strengthened.

We get the second margin call if he does. 🤔

Every clever school yard bully knows that you gain bullying friends (the gang) before you bully the victim. In this case Trump is trying to bully everyone simultaneously (with tariffs). Probability of success is now low, because everyone else is the victim.

Agreed. This is just a cash raid on markets.

"Liberation Day" AKA the day when the Donald liberates everyone from their hard earned money. Bottom line is he will use the tariff money to pay his taxes and those of his rich friends. In effect you & me will be paying his tax bill. #Griftofthecentury

Even the rampers, pumpers, broker's heralds and iffy MMs are having a bad year. Things must be bad! 😂

The gold trade (the metal and the miners) has been fantastic for the last 12 months, and continues to march on to new highs. Just getting a little concerned it is the only game in town right now. 🤔

Love him or loath him Trump will get his way with tariffs. OS manufacturing companies that have important US sales will have to build factories on US soil to survive. A net export of jobs to the US from the RoW. A net cost to the RoW. You can either go down the reciprocal route or bow down.

I follow fund flows of ETFs (on Finviz. com). It is unclear there is a correlation between flows and returns. e.g. $QQQ ETF has YTD flow +1.2% and returned -4.5%. I would be interested in pointer to any literature that shows any correlation does exist?

Who is on the other side of the trade?

what has actually been said about debt restructuring on foreign UST holders? Only heard rumors. Any links?

UK market £ volume (FTSE350) massive today on OPEX second time in a month its been a ⛰️

I don't hold any btw. But Apple is ex-growth imo. And Tesla brand potentially makes it a zero. So more than a few issues between them. 😂

Is $NVDA the only reasonably priced Mag-7 stock?

$MAGS have been consolidating (bear flag?) for last 8 days below the 200-day SMA. Was expecting a bounce to VWAP but it has yet to happen. Again the chart is looking very heavy here. Not many good things happen below the 200d SMA.

What I like about Bluesky is the opinions you read here are completely different from those (promoted?) on X. Watching both shows how much actual manipulation of news narratives goes on.

Whatever you think about Musk his ability to manipulate the news on his platform is both impressive and scary.

X has been out all day for me after being out on & off yesterday. Been quite relaxing! 🙂

Elon 👈 your fired!

Since 2021 the #Yen Carry Trade has been one of the principle drivers of the outperformance of the US stock market. It looks like that is coming to the end.
The BoJ is now raising as the FED starts to go the other way. The unwinding of this trade alone could put massive pressure on US equities.