You feel that? It’s called freedom. And it’s coursing through your veins. Feels good, don’t it?
310pm ET. USA Men’s Hockey. NHL players back.
Liberty. Justice. For all.
Stanley Druckenmiller after losing $3 billion on tech stocks during the 2000 bubble:
"I didn't learn anything. I already knew I wasn't supposed to do that".
It's that time of year.
1 day in and I am ahead of the benchmark.
And I now have to consider allocating 100% to S&P 500, locking in my outperformance for 2026.
This is absolutely insane:
Venezuela currently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil prices are trading at ~$57/barrel, making Venezuela's total reserves worth $17.3 TRILLION.
Even if the US sells this oil for HALF of the market rate, that's still $8.7 TRILLION.
In other words, in 12 hours, the US has gained control of oil reserves worth more than the entire GDP of ALL countries in the world, aside from the US and China.
That's 4 TIMES larger than the GDP of Japan.
Most people do not realize how much the world just changed.
Oil markets will react to this news for the first time on Sunday at 6 PM ET.
The next few days will be critical.