TruthinessSyrup

TruthinessSyrup -- speaking the truth, the whole truth, and nothing but the truth, sometimes with a dose of humor 😁 #VoteBlue #TruthOverLies

[Aaron Rupar @atrupar]

Trump is now sitting back in his chair and dozing off

[Acyn @Acyn]

Rubio: I have never seen Trump fall asleep.

Lieu: I’m going to show you a video that shows you just lied to congress. Here is a video of him asleep while you are talking.

[pleightx - Some Rascal on the Internet @Pleightx2]

@Angry_Staffer

[TruthinessSyrup @SyrupTruthiness]

@TennisTV @carlosalcaraz Watch Carlos learn to be an ambidextrous tennis player and have a forehand on both sides 😁 If anyone could do it, @carlosalcaraz could do it!

[Boston Smalls @smalls2672]

This needs to be played everywhere 24/7

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

The Nasdaq is tracking the dot-com era almost candle for candle.

Two cycles, 875 trading days each:
– Nasdaq from Netscape IPO (Dec '94) to peak: +144.55%
– Nasdaq from ChatGPT launch (Nov '22) to today: +144.77%

Within 0.22 percentage points. Same arc. Same slope.

What makes this almost poetic is how cleanly the next 12-18 months overlap with three real-world catalysts pointing the same direction:

1. Mid-term seasonality. Year three of the presidential cycle is historically the strongest. The pre-election summer is historically the wobble before that strength.

2. A new Fed chair. Powell's term ends in May 2026. Markets always test a new chair. 1987 (Greenspan), 2018 (Powell himself) — both saw sharp drawdowns within months of the handover.

3. IPO supply absorption. SpaceX, Stripe, Databricks, Anthropic, OpenAI — the largest private companies in history are queuing up. Late-1999 saw the same dynamic. The market has to digest the float before it can melt up.

If history rhymes, the playbook looks like this:
– A messy summer of volatility
– A scary autumn that shakes out weak hands
– Then a vertical melt-up into 2027-2028
– Apply the dot-com multiple from this point: S&P 500 around 10,000

This isn't a prediction. It's a pattern.

The technology cycles change. The behaviour doesn't.

The melt-up usually comes before the meltdown.

And in 1999, almost nobody sold the top.

[Mike Levin @MikeLevin]

Read this piece by a former federal prosecutor. He lays out exactly how rotten Trump’s settlement with himself really is.

Start with the basic structure, because once you see it you cannot unsee it.

Trump sued the IRS for $10 billion over the leak of his tax returns. The judge signaled the case could not move forward, because a president cannot sue the government he runs.

So Trump dropped it.

The judge in her dismissal order noted there was no settlement of record at all.

Then his own Justice Department, run by his former personal lawyer, Todd Blanche, conjured one anyway.

They created a $1.776 billion fund Trump controls, to pay people who claim they were targeted by the government. That includes pardoned January 6 rioters who attacked police officers.

Here is the part that should end the debate. In an addendum to the deal, Blanche barred the IRS from auditing Trump or affiliated individuals. Forbes calculated that immunity could save the Trumps more than $600 million. The man under investigation wrote himself a release from the investigation.

This is the abuse of public office for private gain. It is the very definition of corruption. And as the author warns, the courts may never touch it, because the only people harmed are the American people, and they may lack standing to sue.

Which means it falls to Congress to act.

And we must.

https://t.co/s0PhbT9C3F

[Aaron Rupar @atrupar]

New in PN: Trump has no way out on Iran

"To sum up, if Trump escalates, people are going to hate him. If he surrenders, people are going to hate him. If he dithers, people are going to hate him. He has no good options, which is why he’s spinning in place, hoping someone, anyone, will rescue him." https://t.co/qyeMMqle0t

[Mike @MarketMike]

Haven't seen this setup since summer 2024. Worth paying attention to.

The Dispersion Index divided by the Implied Correlation Index just hit 3.95. The highest reading in nearly two years.

Last time it got this high, the S&P pulled back nearly 10% in the weeks that followed.

Top panel is the SPX. Middle panel is the ratio. Bottom panel shows the two components. DSPX (how differently stocks are expected to move) and COR3M (how much they're expected to move together).

COR3M is at 10.26, the lowest reading in years. Correlation between S&P names is in the basement. Classic stock picker's tape. The catch is that when correlation eventually snaps back up, the index has historically struggled.

Stack that on top of the macro setup. Bulk of earnings is behind us. A wall of macro data this week and next. And a brand new Fed Chair just stepped into the seat with his first FOMC three weeks out.

The market has been shrugging off macro lately. Just something to keep on the radar.

[Jesus Freakin Congress @TheJFreakinC]

🚨BREAKING: ICE agents were caught on video telling a U.S. born citizen that his driver’s license was not proof of citizenship because “anyone can get that.”

In the video, the man repeatedly told them he was born in the U.S…. In Atlantic City.

He showed them his license.

They dismissed it.

He showed them ANOTHER form of ID.

They STILL kept interrogating him about where he lived, who he lived with, whether Venezuelans lived in his home, who had been in his car, and whether the vehicle was registered to him.

All while illegally detaining him in his car.

And in the end…

The agents admitted they weren’t even looking for the person connected to the car’s registration.

So, why was this U.S. citizen stopped, surrounded, and interrogated in the first place?

The Fourth Amendment does not disappear because agents “suspect” someone might be undocumented.

You do not have to repeatedly prove your citizenship to federal agents because they decided you “look foreign enough” to question.

Yet, this keeps happening to U.S. citizens across the country.

[Morgan J. Freeman @mjfree]

And just like that, it’s completely VANISHED from the media.

A sitting congressman, Ted Lieu, said on the record the Epstein files are being blocked because they show Trump raped and threatened to kill children.

Lets make this viral again 👇

[CyclesFan @CyclesFan]

$SPX is now more than 40% above its 200 week MA. When it did that in 2021 it was in April, 9 months before the top. The yearly S1 is 7582. As long as the deal isn't signed it may lead to a pullback. If the deal is signed the yearly S2 at 8319 will be in play in the coming months.

[Critter @asclepiasyriaca]

This is Officer Caroline Edwards. Donald Trump's insurrectionists cracked her skull and injured her brain.

Trump pardoned them, and may pay them "reparations" with our taxes.

If you still support Donald Trump, you've lost your right to pretend you back the blue.

[ᗰᗩƳᖇᗩ @LePapillonBlu2]

How could President Biden have planted 274 agents at the January 6 insurrection when Trump was president then?

[Jamie Bonkiewicz @JamieBonkiewicz]

Guess he's not smart enough to figure out why they ask you to take a cognitive test 3 fucking times

[Aaron Rupar @atrupar]

TRUMP: "We have total control of the Strait of Hormuz"

TRUMP MOMENTS LATER: "We want the Strait of Hormuz open"

[TruthinessSyrup @SyrupTruthiness]

@krassenstein

[Jake Justice @jakecobb]

Keep posting this so people don’t forget how truly bad this event was.

Don’t let people gaslight you into thinking it was peaceful and worthy of 1500+ pardons and slush fund payoffs.

[ᗰᗩƳᖇᗩ @LePapillonBlu2]

Trump is gonna hate this photograph, it’d be a shame if it went viral.

[Amy Siskind 🏳️‍🌈🇺🇸 @Amy_Siskind]

I.R.S. officials prepared a 25-page memorandum outlining what they saw as flaws in Mr. Trump’s suit and advising the Justice Department to move to dismiss it.
I gifted this so you can read it.

https://t.co/k86bMsEYvQ