@DCinvestor I could see him getting the green light to put this messaging out there, which is consistent with his pre-appointment beliefs on American interventionism (Ukraine, GWOT, etc.)
I feel like it's everyone's savings account now?
We can seamlessly move money from a brokerage to checking account same-day or T+1.
It's liquidity needed in the next 12 months. Mortgage supplement, taxes, insurance - and maybe one or two unplanned surprises.
Psychologically, if all you've ever known is ZERP, maybe getting 4% and declining rates might just be an "is what it is" situation.
These aren't risk-seeking dollars โ I'm consuming this cash in the next 12m and if you're blessed to have excess, that money gets invested.
I don't think I'm unique here and there are many such cases, no?
I think it's just everyone's savings account now?
Those with savings / earmarked liquidity can seamlessly transfer funds between internal (brokerage to checking) accounts and external providers, with same- or next day liquidity.
Our MMF is cash that's needed in the next 12 months for household annual run rate and planed large expenditures (taxes, camp, etc.).
Many such cases, no?
It's cash that I need ready access to and maybe getting 3.9% or even 2.5% is fine?
Authenticity is the new currency and he's at least making an effort for the public to get to know him and his public policy ideas, which are differentiated, and authentically "his" relative to the field. His marketing and video content is quite crisp, well produced, and her churns it out regularly. He's trying to earn a spot in our living rooms, so what's everyone else doing?
@markoinny "Trump collar"
Buy distressed cyclical sectors hit hard by trade war fear - semis, energy, metals, & mining.
Short overvalued defensives
October 2018 sell-off was "one of the more curious events in U.S. financial history" (something similar in 2025?)
@markoinny?