Nov CPI released this am
- Core CPI YoY 2.6% vs 3.0%
- massive 0.40bp undershoot
Inflation falling like a rock🪨
Positive YE rally:
- equities $SPY $IWM $QQQ
- crypto Bitcoin and Ethereum $BTC $ETH
🚨JUST IN: JP MORGAN LAUNCHES TOKENIZED CASH ON ETHEREUM
JP Morgan rolled out JPM Coin ($JPMD) on Ethereum’s Base L2, offering institutions 24/7 instant settlement using tokenized bank deposits.
JUST IN: Major global banks are collaborating on plans to launch joint stablecoin Initiative:
• Bank of America
• Goldman Sachs
• Deutsche Bank
• BNP Paribas
• Santander
• Barclays
• TD Bank
• MUFG
• UBS
• Citi
Here is the evidence that changed my mind.
The NY AG has some real issues:
Evidence DOJ says proves Letitia James defrauded the bank:
1. Claimed Norfolk home was a “secondary residence” to get better loan terms
2. Signed a “Second Home Rider” promising to live there
3. Actually rented it out to tenants
4. Reported rental income on her tax returns
5. Told insurer it was owner-occupied
6. Saved ~$18,933 from the false claim
— Case filed 10/9/25, E.D. Va.
Same thing happens all the time... the crypto market is focused on a big breakout, gets levered long ahead of it, it fails at first attempt so everyone gets liquidated... only then does the actual breakout occur, leaving everyone sidelined.