We can't even call this a rotation. Crude, gold, silver, Bitcoin, Ethereum, and equities are all taking a bath at the same time. I could be wrong, but I suspect major players know something. We could see the Iran war resume this weekend.
@Bitcoin_Teddy Corporations aren’t really “spending” the $3.9B. They set up offshore companies they own, pay themselves for “services rendered,” claim the tax deduction, and keep full control of the money. From one pocket to the other.
@david_tema@onlydubsX Deep question. The One Who Is. The One who sees you! His Word says: "you will seek Me and find Me when you seek Me with all your heart." Jeremiah 29:13
@TheICHpodcast IRS disallows "double benefit." The interest deduction on the debt would be disallowed. They would trace back Ben's loan date to when he parked funds in the munis, as he'd be carrying the debt while holding munis - classic case of "double benefit."
@Barchart Stocks are investment vehicles. Futures were designed for speculators who wish to day trade or hedge, plus they offer tax advantages over stocks (60/40 rule).
@Hedgeye Imv, no one should be daytrading stocks, as they're investment vehicles. Futures were designed for speculators to daytrade or hedge, plus they offer tax advantages via the 60/40 rule.
@WatcherGuru Stocks are investment vehicles. Futures were designed for speculators who want to daytrade or hedge. Plus, futures offer tax savings (60/40 rule).