Michael Passante, CFP®, CPWA®

Baseball playing Certified Financial Planner® and Certified Private Wealth Advisor®

[WALL ST JESUS @WallStJesus]

$PK BULL FLOW = Put/Call: 240/3550

[Michael Passante, CFP®, CPWA® @MichaelPassante]

What in the world is going on in this state

[Michael Passante, CFP®, CPWA® @MichaelPassante]

😳 #RTN #UTX

[Bloomberg @business]

Raytheon and United Technologies are in talks to merge to create an aerospace and defense industry giant, the WSJ reports https://t.co/D2ZZF4ZeN8

[Michael Passante, CFP®, CPWA® @MichaelPassante]

What could go wrong 🤔 #DB #WFC

[Jennifer Ablan @jennablan]

Wells Fargo hires former Deutsche Bank executive for risk management team https://t.co/q3LgLcB6QM

[Michael Passante, CFP®, CPWA® @MichaelPassante]

This is an awesome stat and speaks to the uncertainty in the current environment. Funny part is the next move could be shorter if the Fed cuts and we finalize trade deals 🤷🏻‍♂️

[Bespoke @bespokeinvest]

If the Fed cuts rates between now and the end of July, it will be the shortest time span between two rate moves in opposite directions since 1995 (155 days).

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Art of the no deal

[Jesse Lehrich @JesseLehrich]

Mexico: no deal
China: no deal
North Korea: no deal
Iran: no deal
Venezuela: no deal
new NAFTA: no deal
trade with EU: no deal
trade with Japan: no deal
immigration: no deal
infrastructure: no deal

[Michael Passante, CFP®, CPWA® @MichaelPassante]

May 2019 Returns
$SPY -6.58%
Shanghai Comp -5.84%
Did we win the trade war yet?

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Powell is speaking tomorrow. Markets are oversold and the #Fed ironically comes to the rescue. But will they cut in June?

[FxMacro @fxmacro]

[RTRS] - BULLARD SAYS INVERSION IN BOND RATES ALSO NOW SUPPORTING CASE FOR LOWER RATES

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Those looking for a pet kangaroo are in luck

[zerohedge @zerohedge]

WHITE HOUSE DECIDED AGAINST TARIFFS ON AUSTRALIA: NYT

[Michael Passante, CFP®, CPWA® @MichaelPassante]

In hindsight this should’ve been a sign. Think they want a redo?

[The White House 45 Archived @WhiteHouse45]

We're killing it on the economy! 🔥

[Michael Passante, CFP®, CPWA® @MichaelPassante]

3% is hardly unprecedented. Plus that was last quarter. Growth and earnings are clearly decelerating.

[David Rosenberg @EconguyRosie]

Navarro’s on CNBC saying the U.S. economy is expanding at an "unprecedented" rate. Unprecedented? Sure, whatever you say, pal. He's finally outdone his boss on the Big Lie technique.

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Awesome idea. Typically when tariffs slow an economy immigration increases. I’m sure the people of Mexico will head south though this time 🤷🏻‍♂️

[Michael Passante, CFP®, CPWA® @MichaelPassante]

This market can’t pull itself together with oil down this much $uso $spy

[Michael Passante, CFP®, CPWA® @MichaelPassante]

This is so true. Pass a huge corporate tax cut that benefits high income earners blowing out the budget deficit. This is how they try to "create" additional tax revenue to offset it by creating a war with tarriffs that's just another tax

[Howard Lindzon @howardlindzon]

In fucking English ... Fat Nixon’s Tariff is really a Trump Tax. A tax on middle and lower class.

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Ummm excuse me? https://t.co/fJh6RblAJZ

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Knicks fans everywhere #NBADraftLottery

[Michael Passante, CFP®, CPWA® @MichaelPassante]

The issue here is framing and the warm fuzzies the administration feeds us. Unfortunately, this has probably been reality all along. We were never that close.

[Liz Ann Sonders @LizAnnSonders]

From @axios: “senior administration officials have said that #trade deal isn't even close and that US could be in for long, drawn-out trade war with China...differences between two sides so profound it doesn't look like things will get resolved before end of year”

[Michael Passante, CFP®, CPWA® @MichaelPassante]

At some point, the incremental reaction to their constructive comments or statements that talks are ongoing are going to have little to no impact without an actual deal

[CNBC Now @CNBCnow]

Moments ago: Treasury Sec. Mnuchin, heading into a speech, tells CNBC that talks with China are still ongoing.

[Michael Passante, CFP®, CPWA® @MichaelPassante]

Anyone else feel like we're winning this trade war? This feels like winning to me $SPY $IWM $QQQ

[Michael Passante, CFP®, CPWA® @MichaelPassante]

I don’t think you can call it an everything bubble when last year was one of the highest years on record with negative returns in all asset classes 🤔

[Trevor Noren @trevornoren]

"Nearly 90% of the 70 financial asset classes tracked by Deutsche Bank posted positive total returns in U.S. dollar terms this year through April" #EverythingBubble https://t.co/hrJzG1gcAO