I'm dropping my blue check mark as I feel it's not worth the money. I'm not a social media fanatic so I'll never be on enough to be monetized but I'll keep posting and X is where the REAL news actually is.
Trump’s first set of tariffs in his new term was implemented on February 4, 2025,m.
That means we are coming up on almost ONE FULL YEAR of being told by the top economists “just wait, inflation is going to spike because of tariffs.”
And absolutely fucking nothing.
And people are mad that Trump keeps calling for Powell to be fired?
If you suck this much at your job-especially one that impacts every single American-yea you should be fired.
Did you know that the capital loss deduction ($3,000) hasn’t been updated for inflation since 1978? It would be ~$15,500 today.
Similarly, Social Security thresholds for taxes ($25k/$32k) haven't been adjusted since 1984. It would be ~$79k/$101k today.
Crazy.
If this isn’t the perfect data point to back up my last post…
US households now have the highest cash share of financial assets since 1950.
Cash is over 7% of total household financial assets – that’s not exactly “all‑in, max‑leverage mania.”
True bubbles tend to peak when people are dumping cash, maxing margin, and begging for ticker tips at dinner.
Right now the vibe is: “AI is a bubble” + record cash on the sidelines.
That looks a lot more like cautious participation than end‑stage euphoria - with plenty of dry powder left to buy attractive dips.
🚨DeSantis says AI Data Centers have ZERO economic benefit for locals!
“Once it's done, it employs like a half dozen people. And these tech companies will likely bring in FOREIGNERS on some visa. They’re NOT going to hire from your local community. That's just not what they do.”
Long post incoming, but here’s my market thoughts now and into EOY:
In my last FREE YouTube video on 11/8, I said to be careful of a push back to the “discount zone” for bears before rolling over to new or equal lows. I said to be careful of a weak volume push back with decreasing spreads, and you can see that is exactly what we got.
I said if that happened we would make either new or equal lows to the 11/7 bottom. Most likely in a corrective “A, B, C” style move. The implied move here would have been to 587 as shown in picture 2. You can see we came just a few points away from that target.
The only question in my mind is the correction over, or do we have a “D,E” move left to key support. The average pullback in the market are usually in the 8-10% range. Over 10% is an official “correction”. This most recent one is roughly 7.5% so I think it’s more likely it is over and we push overall into the EOY minus any surprises. Also since these thrust upwards are usually pretty shallow in the “D,E” move, we are well above those targets in after hours.
The uncertainty of the lack of rate cut has already been the main driver behind this move IMO, NOT the government shutdown. Now that most are expecting no rate cut in December, any data pointing towards it will be a welcomed boost.
Everyone crying about bubble this and bubble that and MOST if not all these names just saw 30, 40, 50% haircuts in this pullback. Nuclear, quantum, aerospace and crypto especially. So all the names needing the momentum and liquidity got smacked. As they should.
If this gap up holds tomorrow, or better yet, we push most of the day, I fully expect new or equal ATH’s by EOY.
Now any signs of life or gap ups have faded the last 3 weeks. So it’s important for buyers to show up tomorrow. Sellers have been proven to be in charge until proven otherwise. We NEED to reclaim key levels with confidence.
I will be looking for:
-Good price action
-Crypto participation
-Volume
-Market Tide
-Calls coming in and puts selling off
-High beta names strong
-Most importantly $VIX flushing out
If you took the time to read this:
Thank you 🙏
Like, repost and share to spread what I hope makes some sense in a click bait world.
Hourly Walgreens, $WBA, employees will reportedly no longer receive paid time off for six major holidays, including Thanksgiving and Christmas, after the pharmacy giant was acquired by private equity firm Sycamore Partners
🚨 BREAKING: Gov. Ron DeSantis has dropped a bombshell, demanding the complete elimination of property taxes in the United States.
Ron stated, "It's almost like they have to pay rent to the government just to enjoy their property. That's wrong. We need to do something about it."