Fed questioning the safe haven status of US Treasurys. Wow.

This goes live in less than an hour... @alexejjordanov

As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing,.....

We can both grow the economy and control the debt. What is important is that the economy grows faster than the debt. If we change the growth trajectory of the country, of the economy, then we will stabilize our finances and grow our way out of this.

Let me explain further: In decades past, S&P was more or less a discounting mechanism for future cash flows used by the wealthy as an alternative to cash-flow producing opportunities available in private markets and elsewhere. That is no longer the case. The passage of MAGA accounts cements the S&P as a new pension scheme for the US. This transition began with the institution of the 401(k) and continues to this day. The S&P 500 is, in a very real sense, a new public good. It is backed by Congress and the Executive. It is also backed by the Fed. All of this creates a very real different return profile from the past. Looking at it and saying a 17 P/E sounds right is ludicrous. Given it's now explicit and implicit gov't backing, its role as the modern-day pension scheme, and its fundamental de facto backing of the bond market, means it deserves a much higher multiple, in the 20s if not 30s. People who ignore all these true yet exogenous facts regarding the markets, and insist on trying to analyze them from 20th century principles, are dinosaurs and not worth of your attention.

I actually agree with him. Look at all the bearish responses. They are about to pump the ponzi to make homes more affordable. Get ready for the acronym factory. Negative real rates cometh!!

With the dust of the last week settling, here's how I'd position top down for next 2-4 yrs Long: Property (specifically: Land) Gambling/speculation in any form All of crypto. One really can't miss here. Trades (HVAC/Plumbing, etc.) Childcare (prepare for direct gov't incentives for having children) Domestic or nearshore manufacturing (most physical industries not listed in Shorts) Commodities & precious metals @SpaceX supply chain All Elon supply chains Palantir/Anduril & related Nuclear & Solar (non-consensus) + supply chain Israel & Mexico Short: Big Pharma/Big Health Insurance/Big Hospital Legacy Mil/Industrial complex (Boeing et al) Big food (anything levered to excess calories) & Big agriculture (namely chemicals & pesticides) Large gov't contracts that are blatantly net extractive/zero sum Legacy (partisan) media & search Higher education supply chain Anything levered to ACH/SWIFT Fiat currencies Anything that still has an oversized DEI dept. Software that can be easily displaced by an AI agent China & Germany What am I missing?

( @realDonaldTrump - Truth Social Post ) ( Donald J. Trump - Jul 10, 2025, 10:28 AM ET ) Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! CRYPTO, “Through the Roof.” NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking in Hundreds of Billions of Dollars in Tariffs. COUNTRY IS NOW “BACK.” A GREAT CREDIT! FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE “TOP OF THE LIST.” NO INFLATION!!!

PANICANS hardest hit.

the denominator is worthless gn