Tim Coffman

[Chris Ciovacco @CiovaccoCapital]

The Top 1% pay 46% of all income taxes. The Top 10% pay 76% of all income taxes.

[Nas @Nas_tech_AI]

Big Pharma is in trouble.

Trump and RFK Jr. exposed a scam that’s been costing Americans billions for years.

The room fell silent when Trump revealed why Americans pay 10X more than Europe for identical drugs.

You won’t believe what you’re about to hear.

A Thread 🧵

[Tim Coffman @TimothyCoffman]

@DeItaone Hopefully this helps motivate people to buy US made goods. Its time we stop giving China so much of our money.

[*Walter Bloomberg @DeItaone]

SCIENTISTS JUST FOUND A WAY TO STARVE CANCER USING FAT CELLS

Researchers at UC San Francisco have developed a novel cancer treatment inspired by liposuction and plastic surgery. Using CRISPR, they turned regular white fat cells into calorie-burning “beige” fat cells to starve tumors.
https://t.co/O0E2PtdCRn

[Mohamed A. El-Erian @elerianm]

Put me in the camp of those who normally warn about overreactions to a single data release. Having said that, I would caution against the temptation to dismiss today's US jobs report as "noise" -- and for two reasons:
First, and as @johnauthers reminded us with these charts, it is a set of recent data releases (not just one); and
Second, some of us who listen closely to corporate earnings calls have been warning for a while about developing economic weakness.
#economy #markets #econtwitter

[Ron DeSantis @GovRonDeSantis]

Governor DeSantis Announces a Record $1.25 Billion for Teacher Pay Increases in 2024-2025 https://t.co/S1qDzZ2bAQ

[Otavio (Tavi) Costa @TaviCosta]

The last time full-time employment declined for four consecutive months or experienced over 3 million job losses was during previous recessions.

To clarify, I don't believe we are currently in a recession.

However, if the Fed is looking for signs of weakness in the labor market to justify cutting rates without appearing desperate due to rising interest payments or political pressures, there are plenty of reasons to consider.

[Barchart @Barchart]

BREAKING 🚨: U.S. Banking System

FDIC warns that 63 Lenders are on the brink of insolvency due to banks sitting on $517 billion in unrealized losses

[*Walter Bloomberg @DeItaone]

❖ BIDEN CALLS JAPAN 'XENOPHOBIC' FOR NOT ACCEPTING MANY IMMIGRANTS, COMPARES TO CHINA, RUSSIA

"This election is about freedom, America and democracy. That’s why I badly need you. You know, one of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants."

"Why is China stalling so badly economically? Why is Japan having trouble? Why is Russia? Why is India? Because they’re xenophobic," the president continued.
https://t.co/ysnNQWWxnG

[Tim Seymour @timseymour]

the impact of this news is far reaching for other important follow through: Schedule 3 WILL IMPACT institutional support, WILL IMPACT how exchanges view their risks, WILL IMPACT the illicit market....and of course WILL IMPACT FCF (but you knew that already)

[*Walter Bloomberg @DeItaone]

CALIFORNIA FAST-FOOD CHAINS ARE NOW SERVING STICKER SHOCK

Restaurants for months have said menu prices in California would rise as the state raised the minimum wage for fast-food workers. Now they are following through.
https://t.co/0lvqU3MnIu

[Otavio (Tavi) Costa @TaviCosta]

Forget about inflation, the labor market, or maybe even politics:

The chart below is likely the primary reason prompting the Fed to consider cutting interest rates.

Assuming current rates remain steady, the cost of servicing the Federal debt alone will approach 6% of GDP by year-end.

On the other hand:

If the Fed reduces rates by 150 basis points, the interest payment would decrease by 33%.

Severe debt imbalances will inevitably lead central banks to resort to financial repression, compelling policymakers to let inflation rates remain higher for longer.

I cannot stress enough how favorable this environment is likely to be for hard assets.

[Brian Sullivan @SullyCNBC]

Insurance may be *the* under-reported inflation story of all.

What we've heard:

Cars: more wrecks, more expensive repairs (all that fancy technology is costly .. small fender benders can cost thousands. EVs are being written off after mid level wrecks)

Home: larger claims due to bigger, more expensive homes and climate related disasters as we keep building more and more in risky areas (hurriances, floods, wildfires, etc)

[Tim Coffman @TimothyCoffman]

@InvestVerified @DrBInvesting @GarethSoloway Have to go with Paul here.

[Tim Coffman @TimothyCoffman]

I've been a fan of my Nomad. I've had hit for about a year now. I was lucky enough to get a discount code with limited uses. If you are interested in a bike from Velotric (https://t.co/qhcjNR1a2p) it will get you a 15% discount -> VI49C3T.

[Tim Coffman @TimothyCoffman]

@InvestVerified I like the idea of @NorthmanTrader

[FinancialJuice @financialjuice]

🔴 US CHICAGO PMI ACTUAL 41.4 (FORECAST 46, PREVIOUS 44.0) $MACRO

[*Walter Bloomberg @DeItaone]

❖ NOVO'S $1,000/MONTH OZEMPIC CAN BE MADE FOR LESS THAN $5: STUDY

[*Walter Bloomberg @DeItaone]

❖ Yellen to Warn China Against Flood of Cheap Green Energy Exports: NYT

The Biden administration is growing increasingly concerned that a glut of heavily subsidized green technology exports from China is distorting global markets and plans to confront Chinese officials about the problem during an upcoming round of economic talks in Beijing.

[Ryan Detrick, CMT @RyanDetrick]

People ask all the time, you are bullish but what will change your mind?

I always say when the defensive stuff starts to lead, that'll be a warning sign.

LOVE this chart form @HumbleStudent showing the defensive stuff continues to lag.

If and until this changes, stay bullish.