This is so insanely corrupt, I can’t even believe it.
More than half the donors to Trump’s $400 million White House ballroom just won over $50 billion in new federal contracts in six months.
And here’s the part that should make your blood boil.
Sixteen of these 27 donors were facing federal enforcement actions, antitrust reviews, labor cases, securities charges. Many of those cases have been quietly dropped or scaled back since Trump took office. You write a check, your legal problems disappear. That’s not a coincidence.
The White House won’t even release the full donor list. They’re hiding it on purpose, because daylight is the one thing pay-to-play can’t survive. A federal judge already ruled ballroom construction has to stop until Congress authorizes it.
Government is supposed to serve the people, not auction itself off to the highest bidder. When access goes to whoever pays the most, working families always end up paying the price.
We either end the corruption, or the corruption will end us.
https://t.co/4MGFzSseFl
Turn your volume up for this one.
This is real audio from the S&P 500 futures pit at the CME during the Flash Crash of 2010. On May 6, 2010, markets were already having a rough day, down over 300 points on worries about the Greece debt crisis. Later, the bottom fell out. The Dow dropped another 600 points in about 5 minutes. Nearly 1,000 points gone on the day. About 9%, kaboom.
Then 20 minutes later, most of it came right back.
This clip never gets old.
Porsche reported its 2025 numbers and they are genuinely shocking.
Operating profit came in at €90 million.
The year before, it was €5.3 billion, and that is a 98% collapse.
One of the most profitable car companies on the planet is now barely breaking even.
Let me walk you through how this happened.
In Q3 alone, Porsche posted a €967 million operating loss.
That's over a billion dollars evaporated in 90 days.
The full year was even worse than analysts expected.
So how does the most prestigious sports car brand on Earth go from 14% operating margins to essentially zero in twelve months?
It came down to three forces hitting at the same time, and Porsche had no answer for any of them.
China was Porsche's golden market for years, the place where wealthy buyers couldn't get enough of the brand.
That's over for now.
Sales there collapsed 26% as local Chinese EV companies flooded the luxury segment with faster, cheaper alternatives that actually impressed buyers.
Turns out the badge stopped mattering when the competition got that good.
Then came the tariffs.
The US hit European automakers with 15% import duties, and for Porsche, that translated to roughly €700 million in added costs over one year.
You can't absorb that kind of hit when your volumes are already shrinking.
But the biggest wound was self inflicted, and it's the one that should concern investors the most.
Porsche bet billions on going fully electric and then EV demand across the industry stalled out.
So they reversed course, scrapped their battery production plans, and decided to keep combustion engines around longer than expected.
The cost of that strategic U-turn was €2.7 billion in write-downs in a single year.
When you add up the restructuring charges, the tariff hit, and the EV reversal, total strategic costs hit €3.1 billion in 2025.
Meanwhile they delivered 10% fewer cars globally, revenue dropped, and they're still paying for factory capacity they'll never fully use.
Everything went wrong at once.
The fallout is already in motion and Porsche is cutting 3,900 jobs by 2029
Internal documents suggest up to a quarter of the German workforce could eventually be let go, which would make this the largest round of layoffs in the company's history.
The stock has lost more than a third of its value over the past twelve months.
Here's why this matters beyond Porsche.
If the most profitable automaker per vehicle on the planet can lose 98% of its operating profit in a single year, then no legacy car company is safe from the combination of Chinese EV competition, trade wars and a botched electrification transition.
The auto industry is being rewritten in real time and the companies that hesitated on which direction to go are now paying the full price for that indecision.
Bet you can't watch 5 minutes of this without having a trading breakthrough. - MUST BOOKMARK
Mark Douglas - Trading in the Zone.
22 minutes. Full course. Must Watch.
Your edge isn't your chart. It's your mind. ⚡
You don’t perform on 6 hours sleep.
One of the most important sleep studies ever ran a brutally simple test.
People slept 4h, 6h, or 8h per night for 14 days. No all-nighters. Just “normal” short sleep.
Cognitive performance was tested every two hours.
By day 14:
6 hours = same impairment as being awake for 24 hours.
4 hours = same as 48 hours awake.
But here’s the scary part – after day 3–4, people stopped feeling more tired.
Reaction times kept slowing, attention lapses kept increasing, working memory kept degrading.
But subjective sleepiness flatlined.
Your brain keeps getting worse, your ability to notice it breaks.
This is why chronic undersleeping feels sustainable – you adapt to feeling tired but you do not adapt to being cognitively impaired.
The participants would’ve told you they felt “okay”. Objectively, they were functioning like they’d pulled an all-nighter.
If you’re sleeping 6 hours and think you’re fine, you’ve probably lost calibration.
Sleep need is biological. Most adults need 7–9 hours.
“I only need 6” usually means “I forgot what normal feels like.”
Feeling fine is not evidence you’re functioning well.
Chronic sleep loss doesn’t just impair your brain – it blinds you to the impairment.
— h/t @aakashgupta
I don’t know who needs to hear this. But there is no one thing that will make you money in the market
No service or subscription will be the panacea to your trading problems.
Your guru, furu, or kangaroo will not be the answer you are looking for.
The only things we can control is where we buy, where we put our stops, and where we take profits.
Until we take responsibility for those actions, nothing will change with our trading.
Yes, high quality services and subscriptions may shorten the learning curve and help to stay on the right path.
The growth and the work ultimately comes within and it happens in spurts; just like trading profits.
The one thing I think I know is all successful traders managed risk and never gave up.
I’ll leave you with this “ if it were easy, everyone would be a successful trader”
It’s not easy, it’s grueling and full of self doubt. It’s not for everyone. If you can overcome yourself, you have a chance. Just don’t give up.
If you think the massive amount of money being spent on AI infrastructure by US hyperscalers isn’t a massive headwind for stock prices, then you don’t understand flows.
Since the GFC, stock buybacks have been a much larger tailwind for stocks compared to the passive bid from 401k money, which many pay more attention to. Aggregate S&P 500 buybacks from 2008 to 2025 totaled approximately $10.2 trillion, providing direct buying pressure that reduces share supply and boosts prices.
On the flip side, total net inflows to 401k plans since 2008 are estimated at around $4 trillion (based on annual net inflows averaging $200–$300 billion, including contributions, rollovers, and after withdrawals), with about 70% allocated to equities—resulting in roughly $2.8 trillion in equity buying pressure.
This difference is additionally supported by estimates showing that net buybacks have added about $4 trillion to the market since 2009 alone, exceeding net inflows from all other investors (including retirement accounts) by a factor of more than 3:1 during that period.
“A similar pattern emerged in 2000. After Tech peaked in March of that year, Consumer Staples, Utilities, and Healthcare rallied about 40% to 45%, even as Tech and Communications slumped 51.8% and 39.4%, respectively.” 👇🏼